US stocks are set to move lower after strong gains yesterday. Concerns over progress in peace talks and rising oil prices hurt sentiment. Jobless claims beat. US futures Dow futures -0.4% at 33924 S&P futures Read more…
The Australian dollar has posted strong gains for a second straight day. In the European session, AUD/USD is trading at 0.7338, up 0.65% on the day. We continue to see strong volatility from the Australian Read more…
Daily Pivots: (S1) 118.25; (P) 118.69; (R1) 119.19; More… Intraday bias in USD/JPY remains on the upside at this point. Current rally should target 100% projection of 109.11 to 116.34 from 114.40 at 121.63. On Read more…
Daily Pivots: (S1) 0.9379; (P) 0.9419; (R1) 0.9449; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9459 temporary top. Downside of retreat should be contained by 0.9318 support to bring another rally. On Read more…
Daily Pivots: (S1) 1.0972; (P) 1.1010; (R1) 1.1072; More… EURUSD is staying in range of 1.0805/1120 and intraday bias remains neutral. Further decline is still expected with 1.1120 support turned resistance intact. On the downside, Read more…
Daily Pivots: (S1) 1.3068; (P) 1.3112; (R1) 1.3193; More… GBP/USD reversed after breaching 1.3193 resistance, but stays above 1.2999 support. Intraday bias remains neutral first and further decline is still in favor. On the downside, Read more…
Sterling dips notably after the dovish rate hike by BoE. Yen is following as second worst for the day, then Dollar. On the other hand, Aussie is leading other commodity currencies higher, support by strong Read more…
US initial jobless claims dropped -15k to 214k in the week ending March 12, better than expectation of 221k. Four-week moving average of initial claims dropped -9k to 223k. Continuing claims dropped -71k to 1419k Read more…
Warren Buffett’s Berkshire Hathaway investment group added to its holdings of Occidental Petroleum this week, taking its overall stake to around 13.4%. Occidental Petroleum (OXY) – Get Occidental Petroleum Corporation Report shares were a rare standout Read more…
ECB Governing Council member Klaas Knot said, “At this point, the dominant worry is inflation. That is why normalization of policy, the withdrawal of stimulus is the appropriate policy response.” He expected the asset purchases Read more…