New leaked prototype images show there’s at least one Cybertruck but Tesla still has not shared a production date. Elon Musk likes to play cat and mouse. While press articles report delays and postponements in Read more…
FOMC minutes attract attention The two-day FOMC meeting begins today and concludes tomorrow with a decision as the global economy is feeling the pain of omicron variant. The Federal Reserve is widely expected to maintain its hawkish stance as it Read more…
SmileDirectClub will close certain overseas operations, pause its move into other international markets, cut jobs and book related costs SmileDirectClub (SDC) – Get SmileDirectClub Inc Class A Report said it would close certain overseas operations, Read more…
Daily Pivots: (S1) 113.63; (P) 113.82; (R1) 114.16; More… Intraday bias in USD/JPY remains neutral at this point. As noted before, considering bearish divergence condition in in daily MACD, it’s probably already in correction to Read more…
Daily Pivots: (S1) 0.9114; (P) 0.9136; (R1) 0.9164; More…. USD/CHF’s rebound from 0.9090 extends higher but stays in established range. Intraday bias remains neutral first. On the downside, firm break of 0.9084 support will argue Read more…
Daily Pivots: (S1) 1.3433; (P) 1.3500; (R1) 1.3558; More… Intraday bias in GBP/USD remains on the downside and outlook is unchanged. Rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger fall from Read more…
It’s been a rollercoaster start to what was always going to be a massive week in the markets and there’s little reason to expect that to change in the coming days. The turnaround on Monday Read more…
Daily Pivots: (S1) 1.1296; (P) 1.1321; (R1) 1.1350; More… EUR/USD’s break of 1.1284 support how argues that corrective rebound from 1.1185 has completed at 1.1482. Intraday bias is back on the downside for 1.1185 first. Read more…
Dollar and Yen rise again today as US futures point to sharply lower open. Yesterday’s strong U-turn seems lacking momentum to extend. But selling focus has somewhat turned to European session, with Swiss Franc leading Read more…
The Japanese yen is slightly lower, as USD/JPY is trading at the 114 line in the European session. BoJ Core CPI rises After years of deflation, Japanese inflation indicators continue to point upwards. The latest Read more…