The US dollar retreated after PMI data showed a slowdown in business activity. However, the euro’s fall below parity and July’s low indicates that sellers are in control. As last month’s rally turned out to be a dead cat bounce, the path of least resistance would be down. After the RSI sank into oversold territory, […]
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Daily Pivots: (S1) 158.23; (P) 158.60; (R1) 159.34; More… Intraday bias in USD/JPY remains on the upside as rise from 152.07 is still in progress. Firm break of 159.44 will target 161.94 high next. On Read more…
Global markets have entered a fragile calmness as investors await the next major catalyst. With only second-tier data scheduled and Fed officials in their pre-meeting blackout period, the usual policy signals that guide markets are Read more…
Bill Ackman is making waves yet again, marking another run at the public markets. However, there is a difference. This time around, Ackman is giving investors something much more exciting. Ackman’s Pershing Square filed documents Read more…