Daily Pivots: (S1) 1.3305; (P) 1.3362; (R1) 1.3405; More… GBP/USD’s decline resumes by breaking 1.3272 temporary low. Intraday bias is back on the downside for 1.3158 low. Further break there will resume larger down trend Read more…
The two Japanese giants have ambitions to disrupt an industry highly coveted by American automakers. Unity is strength, says an adage. Sony (SNE) – Get Sony Corp. Report and Honda (HMC) – Get Honda Motor Co. Read more…
Daily Pivots: (S1) 1.1026; (P) 1.1074; (R1) 1.1114; More… EUR/USD’s decline accelerates further to as low as 1.0888 and intraday bias remains on the downside. Current down trend should target 61.8% projection of 1.2265 to Read more…
Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common Read more…
Workers are commanding far less influence on wage increases as they return to the job market in the post-pandemic era, at least according to data from the February employment report. The U.S. economy added for Read more…
US non-farm payroll employment rose 678k in February, above expectation of 438k. Employment was still down -2.1m, or -1.4% from its pre-pandemic level in February 2020. Job growth was widespread over the month, led by Read more…
Today’s US jobs report is not going to mater much, let’s face it. Fed Chair Jay Powell has already come out and said he will recommend a 25 basis point hike at their meeting later Read more…
The Australian dollar continues its impressive rally and is in positive territory on Friday. AUD/USD has climbed 1.37% this week. The war in Ukraine shows no signs of letting up, and news that a Russian Read more…
World stocks are flirting with correction, while commodity prices are riding their largest collective surge in more than a century, as Russia steps-up its attack on Ukraine. U.S. equity futures slumped lower Friday, while Treasury Read more…
The Euro fell below 1.10 on Friday, dragged by fresh fall in stock markets on increased risk aversion, as fears over the war in Ukraine rise after the Russian forces seized the biggest nuclear plant Read more…