Markets This morning Chinese authorities/the PBOC indicated they will continue to support the economy and promote healthy and stable financial markets. This gave some conform after investor worries about a sharp cooling of Chinese growth Read more…
US Conference Board Consumer Confidence Index dropped slightly from 107.6 to 107.3 in April, below expectation of 108.5. Present Situation Index dropped from 153.8 to 152.6. Expectations Index rose from 76.7 to 77.2. “Consumer confidence Read more…
The euro remains on a downswing and has extended its losses for a fourth straight day. EUR/USD has dropped below the 1.07 line for the first time since March 2020. Euro drenched by April showers Read more…
It will be the first in a new cruise-ship class that won’t be the biggest in the world but might be the most innovative. Each new Royal Caribbean (RCL) – Get Royal Caribbean Group Report Read more…
The billionaire recently revived the debate on the founders of the manufacturer of high-end electric vehicles. Tesla’s (TSLA) – Get Tesla Inc Report success is indisputable. The manufacturer of electric vehicles and solar panels, founded in Read more…
Daily Pivots: (S1) 127.48; (P) 128.18; (R1) 128.82; More… Intraday bias in USD/JPY remains neutral as consolidation from 129.39 is extending. Deeper retreat could be seen but downside should be contained above 125.09 resistance turned Read more…
Veteran automaker’s new electric model may be a huge catalyst to broad adoption of EVs in America’s heartland. Ford (F) – Get Ford Motor Company Report knows that to a major extent, the broad adoption of Read more…
Weaker PC markets and questions over its $69 billion acquisition of video game maker Activision will put even more pressure on Microsoft’s cloud division, including Azure, ahead of today’s third quarter earnings. Updated at 9:46 Read more…
Daily Pivots: (S1) 0.9564; (P) 0.9580; (R1) 0.9614; More…. USD/CHF continues to lose upside momentum as seen in 4 hour MACD and intraday bias is turned neutral first. Some consolidations could be seen. But downside Read more…
Daily Pivots: (S1) 1.0668; (P) 1.0741 (R1) 1.0786; More… Intraday bias in EUR/USD remains on the downside for 100% projection of 1.1494 to 1.0805 from 1.1184 at 1.0495. Firm break there will pave the way Read more…