Chinese ADRs rise after regulators wind up a year long investigation into Didi Global. Rising risk sentiment also helps stocks higher. US futures Dow futures +0.8% at 33160 S&P futures +1.04% at 4150 Nasdaq futures Read more…
Daily Pivots: (S1) 130.03; (P) 130.50; (R1) 131.32; More… No change in USD/JPY’s outlook as intraday bias stays on the upside for 131.34 resistance. Decisive break there will confirm larger up trend resumption. Next target Read more…
Daily Pivots: (S1) 0.9575; (P) 0.9609; (R1) 0.9661; More… Range trading continues in USD/CHF and intraday bias remains neutral. Strong support is expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the Read more…
Daily Pivots: (S1) 1.0695; (P) 1.0729 (R1) 1.0755; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside, break of 1.0626 minor support will indicate rejection by 55 day EMA, and Read more…
Daily Pivots: (S1) 1.2455; (P) 1.2522; (R1) 1.2559; More… GBP/USD is staying in tight range below 1.2666 and intraday bias remains neutral. On the downside, break of 1.2457 minor support will suggest that rebound from Read more…
Overall market sentiment is positive in the market today, even though trading is subdued with some European countries on holiday. Sterling is trading higher with commodity currencies. On the other hand, Swiss Franc is is Read more…
Musk said Twitter is “transparently refusing to comply with its obligations under the merger agreement … due to concern for what his own analysis of that data will uncover”. Updated at 9:41 am EST Twitter Read more…
Companies are focused on diversifying supply chains to keep goods flowing, but several challenges await those planning on reshoring. The nature of globalization is changing. Supply chains are challenged – from tariffs to the pandemic, Read more…
Amazon will begin trading on a 20-for-1 split adjusted basis Monday, with investors pegging its opening bell price at around $125 per share. Amazon (AMZN) – Get Amazon.com, Inc. Report shares powered higher Monday ahead of Read more…
The commodity market is full of bulls on Monday. Brent is moving a bit higher than $120 and feels like continuing the rally. On one hand, there are fundamental reasons, for example, a piece of Read more…