US ISM Services PMI dropped from 59.9 to 56.5 in February, well below expectation of 60.5. Looking at some details, business activity/production dropped -4.8 to 55.1. New orders dropped -5.6 to 48.5. Employment dropped -3.8 Read more…
JP 225 index looks to be creating a floor around the 26,100 support as the RSI and the MACD seem to have reached a bottom in bearish territory and are now changing direction to the upside. Traders, Read more…
The focus remains firmly fixated on the situation in Ukraine and nothing else matters, it seems, for the markets. Tensions between Russia and the West continue to wreak havoc across financial markets and the energy Read more…
Premium-electric-vehicle maker Tesla should see its wish to further increase production volumes come true. Tesla (TSLA) – Get Tesla Inc Report and Chief Executive Elon Musk are officially very close to starting production of cars at Read more…
US stocks point to a modestly higher open, commodity prices remain in focus. Fed Powell to testify again & ISM services PMI due. US futures Dow futures +0.25% at 337350 S&P futures +0.35% at 4350 Read more…
Dollar shines but euro slips on geopolitics The ongoing Russian invasion in Ukraine, alongside the tough Western sanctions and their imminent effects on the global economy continue to be the key drivers for the markets Read more…
Daily Pivots: (S1) 114.98; (P) 115.34; (R1) 115.87; More… No change in USD/JPY’s outlook as range trading is still in progress. Intraday bias remains neutral for the moment. On the upside, firm break of 116.34 Read more…
Daily Pivots: (S1) 0.9167; (P) 0.9204; (R1) 0.9240; More…. Intraday bias in USD/CHF remains neutral as range trading continues. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…
Daily Pivots: (S1) 1.3316; (P) 1.3362; (R1) 1.3451; More… GBP/USD is staying in sideway trading and intraday bias remains neutral at this point. Further decline is expected with 1.3485 support turned resistance intact. On the Read more…
The brick-and-mortar retail giant Walmart just made a big technology move. Amazon (AMZN) – Get Amazon.com, Inc. Report started as a digital company, which has given it some advantages over rivals, like Walmart (WMT) – Read more…