Daily Pivots: (S1) 1.2424; (P) 1.2520; (R1) 1.2582; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, above 1.2666 will resume the rebound from 1.2154. Sustained of 55 day EMA Read more…
US initial jobless claims dropped -11k to 200k in the week ending May 28, slightly below expectation of 205k. Four-week moving average of initial claims dropped -500 to 206.5k. Continuing claims dropped -34k to 1309k Read more…
US ADP private employment rose 128k only in May, well below expectation of 280k. By company size, small businesses jobs dropped -91k, medium businesses rose 97k, large businesses rose 122k. By sector, goods-producing jobs rose Read more…
Another weaker-than-expected reading for private sector job gains sets up a complicated May non-farm payroll report on Friday. Updated at 8:25 am EST The U.S. economy added far few private sector jobs than expected last Read more…
DeLorean shifts into high gear as the company releases images of its Alpha5 electric vehicle. The Alpha5 is fast, but can it keep up with Tesla (TSLA) – Get Tesla Inc Report? The DeLorean Motor Read more…
GBPCAD reversed from key support level 1.5795 Likely to rise to resistance level 1.5970 GBPCAD recently reversed up from the key support level 1.5795 (which stopped wave (iii) in the middle of May) – standing Read more…
EURJPY broke key resistance level 138.15 Likely to rise to resistance level 140.00 EURJPY recently broke the key resistance level 138.15 (which stopped waves (a) and (b) at the start of May). The breakout the Read more…
WTI reversed from key resistance level 115.00 Likely to fall to support level 110.00 WTI crude oil recently reversed down from the key resistance level 115.00 (which stopped wave 1 at the end of March) Read more…
The Swiss franc is slightly higher on Thursday. USD/CHF is trading at 0.9596, down 0.39% on the day. Those of us who think “staid and steady” when the Swiss franc comes to mind will be Read more…
The AUDUSD regains traction on Thursday and regains 0.72 handle, following strong rejection at 100DMA (0.7227) on Wednesday, which resulted in a shallow pullback, contained by broken Fibo 38.2% of 0.7661/0.6828 and keeping larger bulls Read more…