Daily Pivots: (S1) 117.60; (P) 117.91; (R1) 118.52; More… A temporary top is formed at 118.44, ahead of 118.65 long term resistance. Intraday bias is turned neutral for some consolidations first. Downside of retreat should Read more…
Euro and Sterling are the relatively stronger ones today, but gains are so far limited. The rallies are still capped by the war uncertainties. Economic data is not really playing a role here, considering the Read more…
Canada manufacturing sales rose 0.6% mom to CAD 64.8B in January, below expectation of 1.3% mom. That’s nonetheless the fourth consecutive month of increase. Sales rose in 14 of 21 industries, led by the petroleum Read more…
U.S. airlines are seeing a solid post-Covid demand boost that looks to offset a surge in jet fuel prices linked to the ongoing volatility in global crude prices. United Airlines (UAL) – Get United Airlines Read more…
US PPI for final demand rose 0.8% mom in February, below expectation of 1.0% mom. On an unadjusted basis, final demand prices moved up 10.0 yoy for the 12 months ended in February, matched expectations. Read more…
GBP/USD has rebounded on Tuesday after sharp employment numbers. The pound came within a whisker of the symbolic 1.30 line on Monday, dropping to a low of 1.3001. UK employment data outperforms The markets were Read more…
The BoE is widely expected to hike interest rates for a third straight meeting as 30 year inflation is set to rise further. Uncertainty in the outlook and concerns over growth could see policy makers Read more…
EURJPY is confronting the simple moving averages (SMAs) around the 130.00 price region after recently rocketing from a 15-month low of 124.38 – an upward move that has recouped more than fifty percent of the Read more…
Myriad headline risks from China to Russia to the Fed’s next rate move hare keeping stocks in check Tuesday, while oil prices resumed their sharp pullback from last week’s surge. U.S. equity futures edged higher Read more…
AMC’s plans to diversify its business away from pure cinema-going has lead to a surprising investment in norther Nevada. AMC Entertainment (AMC) – Get AMC Entertainment Holdings, Inc. Class A Report shares jumped higher Tuesday after Read more…