The world’s largest cryptocurrency by market capitalization, Bitcoin, has been experiencing a vast sell-off since the beginning of the week, losing more than 25% before recovering some lost ground. Moreover, the broader crypto space has Read more…
Daily Pivots: (S1) 1.0366; (P) 1.0443 (R1) 1.0486; More… A temporary low is formed at 1.0396 in EUR/USD and intraday bias is turned neutral first. Risk stays on the downside as long as 1.0786 resistance Read more…
Daily Pivots: (S1) 0.9898; (P) 0.9946; (R1) 1.0019; More… Intraday bias in USD/CHF remains neutral for consolidation below 0.9993 temporary top. On the upside, above 0.9993 will target 1.0063 resistance. Firm break there will resume Read more…
Daily Pivots: (S1) 133.61; (P) 134.41; (R1) 135.21; More… USD/JPY is staying in consolidation from 135.18 and intraday bias remains neutral. Downside of retreat should be contained by 131.34 resistance turned support to bring another Read more…
Daily Pivots: (S1) 1.2051; (P) 1.2188; (R1) 1.2269; More… GBP/USD’s down trend is still in progress. Intraday bias remains on the downside for 61.8% projection of 1.3297 to 1.2154 from 1.2666 at 1.1960. Break there Read more…
Daily Pivots: (S1) 0.8542; (P) 0.8568; (R1) 0.8604; More… EUR/GBP’s strong break of 0.8617 resistance confirms resumption of rise from 0.8201. Intraday bias is now on the upside for 0.8697 medium term fibonacci level. Sustained Read more…
Sterling’s selloff resumes today, after job data added to expectation that BoE would lag far behind Fed in tightening. Weak market sentiment sends commodity currencies lower. Thanks to buying against the Pound, Euro is so Read more…
CFO Michael Lenz said the dividend boost ensures that FedEx’s “capital allocation strategy reflects our confidence in the trajectory of the business.” FedEx (FDX) – Get FedEx Corporation Report shares jumped higher Tuesday after the world’s Read more…
US PPI for final demand rose 0.8% mom in May, matched expectations. For the 12-month period, PPI rose 10.8% yoy, down from April’s 10.9% yoy, below expectation of 10.9% yoy. PPI less food, energy and Read more…
Summary Prior to Friday, June 10, we shared the universal consensus that the FOMC would hike rates by 50 bps its June 15 policy meeting. But the higher-than-expected inflation print for May now has us Read more…