Being early looks exactly like being wrong, right up until the moment it doesn’t. For the better part of a decade, the car business agreed on one idea with almost religious certainty. The future was Read more…
Intraday bias in EUR/USD stays mildly on the upside at this point. Fall from 1.1848 could have completed as a three wave-correction at 1.1575/ Further rise would be seen to 1.1795 resistance. However, firm break Read more…
Intraday bias in USD/JPY remains neutral for the moment. Rise from 155.01 is seen as the second leg of the corrective pattern from 160.71. While another rally cannot be ruled out, strong resistance should be Read more…
Intraday bias in GBP/USD stays neutral as range trading continues. On the upside, above 1.3508 will extend the rebound from 1.3300 to 1.3657 resistance first. On the downside, below 1.3300 will bring deeper fall back Read more…
Intraday bias in USD/CHF is turned neutral again with current recovery. Risk is mildly on the downside as long as 0.7898 resistance holds. Break of 0.7760 will confirm resumption of the whole fall from 0.8041, Read more…
Intraday bias in AUD/USD stays mildly on the upside for the moment. Rebound from 0.7076 should extend to retest 0.7277 high first. Firm break there will resume larger up trend. For now, risk will stay Read more…
When an airline faces a financial situation that leaves much to be desired, one option is to stop service for a temporary period in the hopes of saving its resources for a more optimal time. Read more…
USD/CAD recovered after hitting 55 4H EMA but stays below 1.3868 resistance. Intraday bias remains neutral first. Rise from 1.3549 is seen as the third leg of the pattern from 1.3480. Above 1.3868 will target Read more…
Intraday bias in GBP/JPY is back on the upside with break of 214.66. Rise from 210.43 is resuming and should target a retest on 216.58 high. Strong resistance should be seen there to cap upside, Read more…
Economist Dr. David Anderson (Texas A&M) breaks down why U.S. consumer confidence has slipped to levels lower than the late 1970s/early 1980s and what that means for everyday households and the broader economy. Jeffrey Snyder, Read more…