Cryptocurrencies
Euro Rises, Fed Meeting Looms
The euro is in positive territory on Wednesday. EUR/USD is trading at 1.0568 in the European session, up 0.57% on the day. Fed likely to raise rates by half-point All eyes are on the Fed, Read more…
Cryptocurrencies
Elon Musk’s Aid to Ukraine Pays Off
The billionaire sent Starlink satellite internet terminals to Ukraine after the Russian invasion. Elon Musk promises a lot. And often he does not keep his promises. This makes the Tesla (TSLA) – Get Tesla Inc Read more…
Cryptocurrencies
Carnival Cruise Line Raises Key Prices. Will Royal Caribbean Follow?
You’re going to pay more for a number of cruise favorites. The cruise industry has been slowly making its way back from the pandemic, and for Carnival that means raising some key price points. Cruise Read more…
Cryptocurrencies
Facebook Abandons Its Spotify Killer
Social-media giant Facebook is looking to the metaverse as a growth driver. Facebook plans no big announcement, no alert, no messaging of consequence to users to tell them that their favorite podcasts will no longer Read more…
Cryptocurrencies
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.9727; (P) 0.9758; (R1) 0.9807; More…. USD/CHF retreats notably today, but further rise is expected with 0.9669 minor support intact. Current rally should target next medium term projection level at 0.9864. On Read more…
Cryptocurrencies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 129.71; (P) 130.09; (R1) 130.57; More… USD/JPY is still bounded in consolidation from 131.24 and intraday bias remains neutral first. Near term outlook remains bullish with 126.91 support intact. Break of 131.24 Read more…
Cryptocurrencies
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2444; (P) 1.2521; (R1) 1.2568; More… Intraday bias in GBP/USD remains neutral as it’s still extending the consolidation from 1.2410. In case of stronger recovery, upside should be limited below 1.2999 support Read more…
Cryptocurrencies
Western Digital Stock Surges As Activists Call for Sale of Flash Memory Business
“We believe a full separation of the Flash business can allow both HDD and Flash to be more successful and unlock significant value,” said Elliott Associates. Western Digital Corp. (WDC) – Get Western Digital Corporation Read more…
Cryptocurrencies
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0476; (P) 1.0523 (R1) 1.0555; More… EUR/USD recovers mildly as consolidation from 1.0470 extends. But intraday bias remains neutral for the moment. Upside of recovery should be limited by 1.0756 support turned Read more…
Cryptocurrencies
Dollar Softer Slightly, European Majors Trying a Rebound
Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow’s FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA’s hawkish rate Read more…