The U.S. economy added 390k jobs in May, coming in above the market consensus forecast of 325k. Revisions subtracted a total of 22k jobs from the two prior months. As of May, total payroll employment Read more…
Herbert Diess acknowledges Tesla’s strength as he seeks to turn on the heat on the competition. The legendary philosopher Lao Tzu once said ”there is no greater danger than underestimating your opponent” and Herbert Diess is clearly Read more…
Morgan Stanley analyst Katy Huberty says a ‘broad based’ slowdown in app store sales could hit Apple’s Q3 revenues. Updated at 9:40 am EST Apple (AAPL) – Get Apple Inc. Report shares slumped lower Friday after Read more…
The Australian dollar has reversed directions on Friday. AUD/USD is trading at 0.7225, down 0.55% on the day. US nonfarm payrolls are traditionally the highlight of the week, but the Ukraine war, spiralling inflation and Read more…
Daily Pivots: (S1) 1.0677; (P) 1.0715 (R1) 1.0784; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.0786, and sustained trading above 55 day EMA (now at 1.0757) Read more…
Daily Pivots: (S1) 1.2500; (P) 1.2543; (R1) 1.2618; More… Intraday bias in GBP/USD remains neutral at this point and outlook is unchanged. On the upside, above 1.2666 will resume the rebound from 1.2154. Sustained of Read more…
Daily Pivots: (S1) 0.9556; (P) 0.9597; (R1) 0.9621; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. Strong support is expected from 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the Read more…
Daily Pivots: (S1) 129.53; (P) 129.88; (R1) 130.26; More… USD/JPY’s rally continues today and intraday bias stays on the upside for 131.34 resistance. Decisive break of 131.34 resistance will confirm up trend resumption for 61.8% Read more…
Dollar jumps broadly in early US session after stronger than expected headline non-farm payroll numbers. For now, the greenback is still behind Canadian and Australian Dollar in the weekly race, however. On the other hand, Read more…
AUDUSD has been marching higher after finding its feet at the 22-month low of 0.6828 in early May. However, the pair’s advance is currently on pause as the 200-day simple moving average appears to be Read more…