Fed Governor Michael Barr kept a September rate hike firmly in play on Tuesday, arguing that US economy remains solid while inflation is still too high. Speaking at Second-Chance Lending Forum in Washington, D.C., Barr Read more…
No change in EUR/USD’s outlook and intraday bias stays mildly on the downside. Fall from 1.1710 short term top should extend to 55 D EMA (now at 1.1549). Decisive break there will argue that rebound Read more…
No change in USD/JPY’s outlook as rebound from 155.22 could extend higher. But strong resistance is expected from 61.8% retracement of 163.97 to 155.22 at 160.62 to limit upside. On the downside, below 159.39 minor Read more…
GBP/USD’s fall from 1.3675 is still in progress and intraday bias remains mildly on the downside. Break of 1.3518 will target 55 D EMA (now at 1.3472). Firm break there will indicate that whole rebound Read more…
No change in USD/CHF’s outlook as correction from 0.8205 could have completed at 0.7948. Intraday bias stays on the upside for retesting 0.8205 first. Firm break there will extend larger rally from 0.7603. For now, Read more…
A laptop arrived late. What was on it made things worse. And now Apple is asking a federal court to move faster, arguing that evidence in its lawsuit against OpenAI is being actively destroyed. Apple Read more…
Intraday bias in AUD/USD stays neutral at this point. Considering bearish divergence condition in 4H MACD, a short term top could be formed at 0.7207. Break of 0.7136 will bring deeper fall back to 38.2% Read more…
Intraday bias in USD/CAD is turned neutral first with current retreat. While another rise cannot be ruled out, upside should be limited by 38.2% retracement of 1.4247 to 1.3730 at 1.3927 to complete the corrective Read more…
When times get tight consumers, at least the ones who still have discretionary income, still indulge themselves, but they find more affordable ways to do that. A vacation may become a staycation and a night Read more…
GBP/JPY is extending consolidations below 217.45 and intraday bias remains neutral for the moment. Further rally is expected as long as 214.80 support holds. On the upside, above 217.45 will extend the rise from 209.55 Read more…