The Bank of Japan will conclude its latest meeting early on Friday. No policy shifts are on the cards, even though inflation has reached its elusive 2% target. This spells more pain for the yen, Read more…
The British pound is in positive territory on Wednesday. This follows an abysmal 5-day slide which saw the pound fall as much as 600 points. In the North American session, GBP/USD is trading at 1.2060, Read more…
Oil and gas took a massive hit during the New York trading session. Oil and gas fell sharply for different reasons, but in both cases, we could witness a bearish energy reversal after more than Read more…
Markets European markets were put immediately on edge even before the official open. Financial media reported that the ECB would hold an emergency meeting to discuss “current market conditions”. Investors concluded this meant addressing the Read more…
“Demand for airplanes is as robust as I’ve ever seen it,’ Boeing CEO Dave Calhoun said earlier this week. Boeing (BA) – Get The Boeing Company Report shares powered higher Wednesday amid news that a key Read more…
Tesla’s CEO says Rivian and Lucid have difficult decisions to make if they want to survive. When Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. Report, speaks about the environment and the problems Read more…
The AUDUSD rebounds on Wednesday after five straight days of steep fall, as revived risk sentiment gave fresh boost to Aussie. Oversold daily techs and potential formation of bullish engulfing pattern today, may act as Read more…
Retail sales lost some momentum in May, falling 0.4% month/month (m/m), weaker than the modest gain markets were expecting. Sales in the prior two months were also revised down. As expected, sales at autos & Read more…
Daily Pivots: (S1) 134.41; (P) 134.93; (R1) 135.99; More… USD/JPY continues to lose upside momentum as seen in 4 hour MACD. But further rally is expected as long as 131.34 resistance turned support holds. Current Read more…
Daily Pivots: (S1) 0.9916; (P) 0.9976; (R1) 1.0079; More… Intraday bias in USD/CHF stays on the upside for 1.0063 resistance. Firm break there will resume larger up trend. Next target is 100% projection of 0.9193 Read more…