Daily Pivots: (S1) 158.23; (P) 158.60; (R1) 159.34; More… USD/JPY’s rise from 152.07 resumed by breaking through 158.89. Intraday bias is back on the upside for 159.44 resistance first. Firm break there will target 161.94 Read more…
Daily Pivots: (S1) 1.1590; (P) 1.1628; (R1) 1.1650; More…. Intraday bias in EUR/USD remains neutral first, but focus is back on 1.1506 temporary low with today’s decline. Firm break there will resume the fall from Read more…
Dollar advanced broadly today as risk aversion swept through global markets. Asian equities declined while investors moved back toward safe-haven assets amid growing doubts about the narrative that the Iran war is nearing an end. Read more…
Bitcoin is in a “transition phase,” consolidating below $70,000 after retreating from $71,000, however the recovery lacks the “ingredients of a decisive bullish turn”. Despite accelerating institutional inflows into US Spot Bitcoin ETFs, the average Read more…
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Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…
European policymakers are deeply concerned that the Iran war could deliver a fresh stagflation shock to the region’s economy. In a private briefing to EU finance ministers earlier this week, Economy Commissioner Valdis Dombrovskis reportedly Read more…
WTI oil remains in a sideways mode and ranging between $80 and $90 for the second consecutive day, suggesting that the price action has temporarily stabilized after surge to near $120 per barrel on opening Read more…