Tesla is always one of those companies you can’t avoid, and the week ahead may include more chatter about the company and Elon Musk, its mercurial CEO, than many investors can stand. The market will Read more…
Daily Pivots: (S1) 0.6458; (P) 0.6480; (R1) 0.6516; More… Intraday bias in AUD/USD stays neutral and more consolidations could be seen above 0.6439. Further decline is in favor as long as 55 D EMA (now Read more…
Daily Pivots: (S1) 1.3998; (P) 1.4033; (R1) 1.4057; More… Intraday bias in USD/CAD remains neutral and more consolidations could be seen below 1..407. But further rally is expected as long as 1.3930 support holds. Current Read more…
I was off last week and couldn’t believe the amount of news that landed on the headlines in just a week. First, trade tensions between the US and China are fully back after China restricted Read more…
In focus the week Today is quiet on the data front. The week ahead will focus on inflation, with the UK print on Wednesday likely being a deciding factor for whether a Bank of England Read more…
Daily Pivots: (S1) 0.9219; (P) 0.9247; (R1) 0.9276; More… Intraday bias in EUR/CHF stays on the downside for the moment. Current fall is resuming larger down trend and should target 61.8% projection of 0.9660 to Read more…
Daily Pivots: (S1) 201.20; (P) 201.72; (R1) 202.76; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 203.41 will suggest that pullback from 205.30 has completed, and bring retest of Read more…
Asian equities advanced today, led by the sharp rally in Japan where Nikkei hit record highs after political uncertainty finally cleared. The ruling Liberal Democratic Party struck a coalition agreement with the Japan Innovation Party, Read more…
BoJ board member Hajime Takata reinforced his hawkish stance today, arguing that Japan has roughly achieved the 2% inflation goal and now risks overshooting it. In a speech, Takata said steady gains in wages and Read more…
Key Highlights EUR/USD started a recovery wave above the 1.1620 resistance. It cleared a major bearish trend line with resistance at 1.1660 on the 4-hour chart. GBP/USD started a recovery wave above 1.3400 but faces Read more…