US ISM Services PMI rose from 56.5 to 58.3 in March, above expectation of 57.7. Looking at some details, business activity/production rose from 55.1 to 55.5. New orders rose from 56.1 to 60.1. Employment rose Read more…
Gold has found a balance, stabilising at around $1930. The pullback in gold from the highs reached on the 8th of March was in unison with the rebound in stock indices, i.e., reflecting capital flow Read more…
The Australian dollar is turning heads, as AUD/USD has jumped a massive 1.27% today. In the European session, the Australian dollar hit 0.7639, its highest level since June 2021. RBA says audieu to ‘patience’ If Read more…
The fast-food chain has an answer for a Wendy’s menu staple (it’s not a Baconator). McDonald’s (MCD) – Get McDonald’s Corporation Report rarely changes its menu. The fast-food chain was built on the idea of Read more…
US stocks are heading for a mildly weaker start as more sanctions are considered for Russia. ISM services PMI & Fed speakers are due later. US futures Dow futures -0.25 % at 34845 S&P futures Read more…
Daily Pivots: (S1) 122.38; (P) 122.66; (R1) 123.06; More… Intraday bias in USD/JPY remains neutral and consolidation from 125.09 could extend. Outlook stays bullish with 121.17 support intact and further rise is expected. On the Read more…
Tesla’s CEO has disclosed a 9.2% stake in Twitter, the principles of which he denounces. Elon Musk has become Twitter’s (TWTR) – Get Twitter, Inc. Report largest shareholder. And he was given a seat on the Read more…
Daily Pivots: (S1) 0.9246; (P) 0.9264; (R1) 0.9282; More…. Intraday bias in USD/CHF remains neutral as consolidation form 0.9193 is extending. Further decline is expected with 0.9380 resistance intact. On the downside, below 0.9193 will Read more…
Daily Pivots: (S1) 1.3093; (P) 1.3115; (R1) 1.3137; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2999 is extending. Further decline is mildly in favor with 1.3297 resistance intact. On the downside, firm Read more…
Daily Pivots: (S1) 1.0937; (P) 1.0996 (R1) 1.1031; More… Intraday bias in EUR/USD remains neutral for the moment. Break of 1.0943 support will argue that rebound from 1.0805 has completed at 1.1184. Intraday bias will Read more…