USD/CHF’s rally continues today and intraday bias remains on the upside. Break of 0.8041 confirms resumption of the rise from 0.7603. Next target is 100% projection 0.7603 to 0.841 from 0.7600 at 0.8198. On the Read more…
Mortgage rates have decreased, according to Freddie Mac. On June 18, the average 30-year fixed mortgage rate dropped five basis points to 6.47%. Overall, the 30-year rate has been dropping daily, according to Mortgage News Read more…
AUD/USD is still bounded in range of 0.6977/7087 and intraday bias remains neutral. On the downside, break of 0.6977 will resume the fall from 0.7277 towards 0.6832 support. On the upside, break of 0.7087 will Read more…
Intraday bias in USD/CAD remains on the upside at this point. Further rally should be seen to 61.8% retracement of 1.4791 to 1.3480 at 1.4290 next. On the downside, below 1.4092 minor support will turn Read more…
Intraday bias in GBP/JPY remains on the downside at this point. Rebound from 210.43 could have completed at 215.59 already. Deeper fall should be seen to 211.23 support first. Firm break there will target 210.43. Read more…
EUR/JPY recovered ahead of 183.95 support and intraday bias is turned neutral first. On the downside, firm break of 183.95 will argue that rebound from 182.01 has completed, and bring deeper fall back to this Read more…
Juneteenth is the nation’s newest federal holiday, celebrated on June 19th, the date in 1865 when Union troops arrived in Galveston, Texas, and announced that the last enslaved Black Americans were free. As Americans make Read more…
EUR/GBP failed to sustain above 0.8680 resistance on first attempt, and intraday bias remains neutral. On the upside, firm break of 0.8680 will bring further rally back to 0.8278 resistance. Decisive break there will argue Read more…
Extended fall in EUR/AUD suggests that rebound from 1.6108 has completed as a corrective three-wave move to 1.6516. Intraday bias is back on the downside for 1.6108/6186 support zone. On the upside, above 1.6453 will Read more…
Every technology boom eventually arrives at the same uncomfortable moment: when the question stops being who is growing fastest and starts being who can actually afford to keep growing. For the AI software industry, that Read more…