Daily Pivots: (S1) 123.74; (P) 124.21; (R1) 124.75; More… USD/JPY’s break of 125.09 resistance confirms resumption of larger up trend from 102.58. Intraday bias is now on the upside. Decisive break of 125.86 long term Read more…
Yen’s selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the Read more…
China’s ‘zero Covid’ policy is likely to lead to longer lockdowns, and a slump in energy demand, just as the U.S. and allied nations release a record amount of crude into global markets. Global oil Read more…
The Alliance between Japanese and French automakers has so far been marked by tension and mistrust. By joining forces with the French car manufacturer Renault (RNSDF) , japanese carmaker Nissan (NSANF) has made a marriage Read more…
The Japanese yen continues to lose ground. Last week, USD/JPY rose 1.41% and has added another 0.97% on Monday. Earlier in the day, USD/JPY touched 125.55, its highest level since June 2015. Yen slides, BoJ Read more…
With inflation in focus and Treasury bond yields back on the march, stocks are looking at a modestly weaker open to kick-off the holiday-shortened trading week. U.S. equity futures edged lower Monday, while Treasury bond Read more…
GBPUSD reversed from round support level 1.3000 Likely to rise to resistance level 1.3160 GBPUSD currency pair today reversed up with the daily Hammer from the round support level 1.3000 (which stopped the previous sharp Read more…
Silver reversed from support level 24.10 Likely to test resistance level 25.50 Silver recently reversed up from the key support level 24.10 (which stopped the previous minor impulse wave 1 at the end of March). Read more…
Warner Bros Discovery will begin trading today on the Nasdaq under the ticker symbol ‘WBD’ following the $43 billion media asset merger between AT&T and Discovery. AT&T (T) – Get AT&T Inc. Report shares were marked Read more…
The New Zealand dollar remains under pressure and is in negative territory at the start of the week. Earlier in the day, NZD/USD dropped to 0.6813, its lowest level since March 16th. Markets await RBNZ Read more…