Daily Pivots: (S1) 1.0481; (P) 1.0530 (R1) 1.0567; More… EUR/USD is still bounded in consolidation from 1.0470 and intraday bias remains neutral. Upside of recovery should be limited by 1.0756 support turned resistance to bring Read more…
Daily Pivots: (S1) 1.2454; (P) 1.2511; (R1) 1.2550; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2410 is extending. In case of stronger recovery, upside should be limited below 1.2999 support turned resistance. Read more…
Daily Pivots: (S1) 0.9740; (P) 0.9770; (R1) 0.9819; More…. USD/CHF’s rally is in progress and intraday bias stays on the upside. Current rally should target next medium term projection level at 0.9864. On the downside, Read more…
Daily Pivots: (S1) 129.79; (P) 130.04; (R1) 130.38; More… Intraday bias in USD/JPY remains neutral as consolidation from 131.24 is still extending. Near term outlook remains bullish with 126.91 support intact. Break of 131.24 will Read more…
Daily Pivots: (S1) 1.0265; (P) 1.0290; (R1) 1.0325; More…. EUR/CHF’s rebound from 1.0186 continues today and intraday bias stays on the upside for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 Read more…
Major forex pairs are generally stuck inside yesterday’s range as markets await FOMC rate decision. Swiss Franc is the exception, though, as the selloff against Euro spreads to other Franc pairs. Dollar and Canadian are Read more…
US goods and services exports rose 5.6% mom to USD 241.7B in March. Imports rose 10.3% mom to USD 351.5B. Trade deficit widened from USD 89.2B to USD 109.8B, larger than expectation of USD 106.6B. Read more…
“In April, the labor market recovery showed signs of slowing as the economy approaches full employment,” said ADP’s chief economist Nela Richardson. The U.S. economy added far few private sector jobs than expected last month, Read more…
Reporting stock options on your taxes can be tricky. There are many different types of options, with varying tax implications. The underlying principle behind the taxation of stock options is that if you receive income, Read more…
Dow Jones reversed from support level 32460.00 Likely to rise to resistance level 35000.00 Dow Jones recently reversed up from the key support level 32460.00 (which has been reversing the index from the start of Read more…