Cryptocurrencies
Euro Rally Hits a Wall
Euro falls sharply The euro has reversed directions on Wednesday and is sharply lower. In the European session, EUR/USD is trading at 1.0663, down 0.67% on the day. The euro was up 1.29% on Monday Read more…
Cryptocurrencies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 126.13; (P) 127.10; (R1) 127.85; More… No change in USD/JPY’s outlook as correction from 131.34 is in progress. Deeper decline could be seen. But downside should be contained by 125.09 cluster support Read more…
Cryptocurrencies
A Legendary Name Is Coming to the Las Vegas Strip
Caesars has decided to bring back a prominent name as part of a huge revamp of one of its signature properties. Las Vegas has a lot of legends. It’s hard to imagine that Wayne Newton Read more…
Cryptocurrencies
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.9563; (P) 0.9617; (R1) 0.9659; More… Further fall could still be seen in USD/CHF despite loss of downside moment. But downside should be contained by 61.8% retracement of 0.9193 to 1.0063 at Read more…
Cryptocurrencies
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2472; (P) 1.2535; (R1) 1.2599; More.. Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA Read more…
Cryptocurrencies
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0682; (P) 1.0715 (R1) 1.0770; More… Intraday bias in EUR/USD is turned neutral first with today’s retreat. Another rise could be seen with 1.0563 minor support intact. Above 1.0748 will resume the Read more…
Cryptocurrencies
Dollar and Yen Recovering, Markets Stay Indecisive
Overall, the moves in the forex markets are still indecisive. Dollar and Yen are striking back today and rise broadly. Swiss Franc follows as the third strongest, suggesting a risk-off undertone. Nevertheless, other markets are Read more…
Cryptocurrencies
US durable goods orders rose 0.4% in Apr, ex-transport orders up 0.3%
US durable goods orders rose 0.4% mom to USD 265.3B in April, below expectation of 0.6% mom. Ex-transport orders rose 0.3% mom, below expectation of 0.6% mom. Ex-defense orders rose 0.3% mom. Transportation equipment, rose Read more…
Cryptocurrencies
Dick’s Sporting Goods Stock Tanks After Gloomy 2022 Sales Outlook Offsets Q1 Earning Beat
Dick’s said its lower full-year profit and sales guidance reflects “the impact of evolving macroeconomic conditions” affecting the biggest U.S. sporting goods retailer. Dick’s Sporting Goods Inc. (DKS) – Get Dick’s Sporting Goods, Inc. Report shares Read more…
Cryptocurrencies
Stock Market Today – 5/25: Stocks Move Lower, Bond Yields Slide, With Fed Minutes In Focus
Minutes from the Fed’s May policy meeting, published later today, could provide clues as to whether it’s prepared to reconsider its vow to ‘expeditiously’ lift interest rates to fight the fastest inflation in four decades. Read more…