Like the entire automotive sector, Tesla faces a shortage of chips and a surge in raw-materials prices. Electric-vehicle leader Tesla (TSLA) – Get Tesla Inc Report and Chief Executive Elon Musk are in a comfortable position, Read more…
Markets An awful close on WS Friday and a new batch of negative data on China economic growth (composite PMI and non-manufacturing PMI both tumbling further into contraction territory to 42,7 and 41.9 respectively) were Read more…
US ISM Manufacturing PMI dropped from 57.1 to 55.4 in April, below expectation of 57.5. Looking at some details, new orders dropped from 53.8 to 53.5. Production dropped from 54.5 to 53.6. Employment dropped quite Read more…
The European Union says Apple ‘has abused its dominant position’ and unfairly shielded its Apple Pay wallet from competition. The European Union’s antitrust regulators charged Apple (AAPL) – Get Apple Inc. Report restricted competitors’ access to Read more…
Spot gold accelerated lower, losing 1.9% in Asian and European trading on Monday, after directionless movements last Friday and Thursday. Fresh weakness hit 2 ½ month low on break of supports at $1876/73 (100DMA / Read more…
Daily Pivots: (S1) 1.0495; (P) 1.0544 (R1) 1.0596; More… EUR/USD is staying in consolidation from 1.0470 and intraday bias remains neutral. Upside of recovery should be limited by 1.0756 support turned resistance to bring fall Read more…
Daily Pivots: (S1) 1.2480; (P) 1.2547; (R1) 1.2647; More… Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.2410 could extend further. But upside of recovery should be limited below 1.2999 support turned Read more…
Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More…. Intraday bias in USD/CHF is back on the upside with break of 0.9758 temporary top. Current rally should target next medium term projection level at 0.9864. Read more…
Daily Pivots: (S1) 129.14; (P) 130.04; (R1) 130.77; More… USD/JPY is still bounded in consolidation from 131.24 and intraday bias remains neutral first. Near term outlook remains bullish with 126.91 support intact. Break of 131.24 Read more…
Daily Pivots: (S1) 1.2765; (P) 1.2813; (R1) 1.2907; More… USD/CAD’s rally from 1.2401 resumes by breaking through 1.2879 temporary top. Intraday bias is back on the upside for 1.3022 fibonacci level next. Decisive break there Read more…