Economic Sentiment in Germany rose unexpectedly, according to the latest May assessment. The corresponding ZEW indicator rose to -34.3 in May from -41.0 a month earlier, against expectations of a dip to -43.0. Meanwhile, the Read more…
AUDUSD is confronting the falling red Tenkan-sen line at 0.6971 after finding fresh positive footing between the 0.6921 base, formed over the first half of July 2021, and the 0.6900 handle. Despite new positive forces, Read more…
The S&P500 index lost about 3.2% Monday, closing below 4,000, a significant round level. The performance of S&P futures on Tuesday morning is feeding us with cautious optimism, pointing to buyers’ dominance at the start Read more…
We’re seeing a small recovery in stock markets on Tuesday, as investors dust themselves off following the rout at the start of the week. There’s clearly a huge amount of worry about a recession in Read more…
Daily Pivots: (S1) 129.85; (P) 130.60; (R1) 131.08; More… Intraday bias in USD/JPY remains neutral for the moment. Further is expected as long as 128.61 support holds. Above 131.34 will target 261.8% projection of 109.11 Read more…
Daily Pivots: (S1) 0.9879; (P) 0.9922; (R1) 0.9983; More…. Intraday bias in USD/CHF remains mildly on the upside for 261.8% projection of 0.9149 to 0.9459 from 0.9193 at 1.0005 next. On the downside, break of Read more…
Daily Pivots: (S1) 1.2259; (P) 1.2333; (R1) 1.2403; More… GBP/USD is staying in consolidation above 1.2259 temporary low and intraday bias remains neutral at this point. Some consolidations could be seen but upside of recovery Read more…
Royal Caribbean, Carnival, and Norwegian Cruise Lines have limited capacities on their cruise lines, but the numbers have been increasing. Before the pandemic, cruise ships routinely sailed with 100% or greater capacity. That’s because full Read more…
Daily Pivots: (S1) 1.0506; (P) 1.0549 (R1) 1.0604; More… Range trading continues in EUR/USD and intraday bias remains neutral. In case of another recovery, upside should be limited by 1.0756 support turned resistance to bring Read more…
Risk sentiment stabilizes today with rebound in major European stocks while US futures also point to higher open. Selloff in commodity currencies slow a bit but they remain the worst performers, led by Aussie. Yen, Read more…