US retail sales increased modestly in June, suggesting consumer spending continued to expand despite elevated interest rates and lingering uncertainty surrounding energy prices. Advance estimates from the Census Bureau showed retail and food services sales Read more…
The S&P 500 has been hitting all-time highs this year. Retail traders are piling into Micron and the SpaceXIPO. One-day options trading is at record levels. Prediction markets like Kalshi and Polymarket are pulling in Read more…
The S&P 500 has been hitting all-time highs this year. Retail traders are piling into Micron and the SpaceXIPO. One-day options trading is at record levels. Prediction markets like Kalshi and Polymarket are pulling in Read more…
Initial jobless claims fell more than expected last week, suggesting the US labor market remains resilient despite moderation in economic activity elsewhere. The Labor Department reported that seasonally adjusted initial claims declined by -8,000 to Read more…
Bank of England Deputy Governor Sarah Breeden suggested that the recent rebound in oil prices is unlikely to trigger persistent inflation, arguing that the UK’s weak economic backdrop should prevent higher energy costs from feeding Read more…
Intraday bias in EUR/USD stays neutral at this point, as consolidations continue above 1.1323. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume the fall from Read more…
No change in USD/JPY’s outlook as consolidations continue below 162.83. Intraday bias stays neutral at this point. In case of another fall, downside should be contained by 38.2% retracement of 155.01 to 162.83 at 159.84. Read more…
GBP/USD’s rally resumed and the break of 1.3459 resistance argues that whole correction from 1.3867 has completed at 1.3139. Intraday bias is back on the upside for 1.3657 resistance for confirmation. For now, risk will Read more…
Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.8150 will resume the rally from 0.7660 and target 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. However, firm break Read more…
Intraday bias in AUD/USD remains mildly on the upside at this point. Firm break of 38.2% retracement of 0.7277 to 0.6864 at 0.7022 will target 61.8% retracement at 0.7119 next. On the downside, however, below Read more…