Daily Pivots: (S1) 1.1318; (P) 1.1343; (R1) 1.1384; More… Intraday bias in EUR/USD remains neutral for the moment. With 1.1265 minor support intact, further rally will remain mildly in favor. On the upside break of Read more…
Daily Pivots: (S1) 1.3498; (P) 1.3532; (R1) 1.3578; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.3642 will resume the rebound from 1.3356 to 1.3748 resistance. Firm break Read more…
Pandemic rules have been ever-changing but that has not stopped the theme parks from developing new rides and attractions. Walt Disney’s (DIS) – Get Walt Disney Company Report Disney World and Comcast’s (CMCSA) – Get Read more…
While Walmart’s move into the metaverse may be good news, one analyst has reservations about the retail giant’s cryptocurrency plans. Attention Walmart (WMT) – Get Walmart Inc. Report shoppers: the company is looking to clean up Read more…
Daily Pivots: (S1) 1.2687; (P) 1.2730; (R1) 1.2760; More… USD/CAD dips mildly today but stays in range of 1.2634/2795 and intraday bias remains neutral. Further rally is mildly in favor with 1.2634 support intact. On Read more…
Overall market sentiment is slightly weaker entering into US session. While Russia showed videos of tanks leaving Crimea, NATO questioned de-escalation and said troop buildup was still going on. There is little reaction to much Read more…
A financial bubble is considered to be a situation in which asset prices are much higher than the underlying fundamentals can reasonably justify. Bubble is a term that has been thrown around loosely in the Read more…
US retail sales rose 3.8% mom to USD 649.8B in January above expectation of 1.8% mom. Ex-auto sales rose 3.3% mom, above expectation of 1.0% mom. Ex-gasoline sales rose 4.2% mom. Ex-auto, ex-gasoline sales rose Read more…
Canada CPI jumped from 4.8% yoy to 5.1% yoy in January, above expectation of 4.8% yoy. Also, inflation surpassed 5% for the first time since September 1991. On monthly basis, CPI rose 0.9% mom, above Read more…
Surging inflation lifted the dollar amount of January retail sales, while car and auto parts demand helped the headline figure to its biggest jump in ten months. U.S. retail sales soared higher last month, data Read more…