S&P 500 reversed from support level 4400.00 Likely to rise to resistance level 4500.00 S&P 500 index recently reversed up from the support level 4400.00 (the former monthly low from March) intersecting with the 61.8% Read more…
Tesla’s CEO assessed streaming platform Netflix’s report and was dissatisfied with the explanations management provided. Netflix (NFLX) – Get Netflix, Inc. Report is in the middle of a nightmare. The entertainment-streaming company reported that in the first quarter Read more…
AUDJPY is residing at the red Tenkan-sen line at 94.95 after retreating from the 95.73 mark, which is a level two months short of being a seven-year high, and in the vicinity of the 138.2% Read more…
Markets Dollar correction today. It’s only the second time since March 31 that the greenback (trade-weighted DXY) loses over 0.5% in a single session. DXY returns below 100.50 after failing to take out the 101-mark Read more…
Canada’s inflation outperforms The Canadian dollar is up sharply on Wednesday, as Canada’s inflation report was hotter than expected. In the North American session, USD/CAD is trading at 1.2519, down 0.74% on the day. Canada’s Read more…
Netflix reported that it lost 200,000 subscribers in the first quarter and expects to lose another 2 million in the second quarter. While Disney’s (DIS) – Get Walt Disney Company Report shares have dropped in the Read more…
Consumer price inflation accelerated to 6.7% year-on-year (y/y) in March, up from 5.7% in February. That was well above the consensus forecast for 6.1% and the highest rate since 1991. Energy price growth accelerated to Read more…
Stocks edge higher after strong gains yesterday with falling treasury yields and earnings season in focus. US futures Dow futures +0.41 % at 34580 S&P futures +0.42% at 4437 Nasdaq futures +0.08% at 13906 In Read more…
Daily Pivots: (S1) 1.0763; (P) 1.0788 (R1) 1.0816; More… Range trading continues in EUR/USD and intraday bias remains neutral first. Further decline is expected with 1.0922 resistance intact. On the downside, firm break of 1.0756 Read more…
Daily Pivots: (S1) 1.2973; (P) 1.3007; (R1) 1.3033; More… Intraday bias in GBP/USD remains neutral as sideway trading continues. With 1.3165 resistance intact, further decline is expected. On the downside, break of 1.2971 will resume Read more…