Daily Pivots: (S1) 1.1886; (P) 1.2046; (R1) 1.2158; More… A temporary low is formed at 1.1932, after hitting 61.8% projection of 1.3297 to 1.2154 from 1.2666 at 1.1960. Intraday bias in GBP/USD is turned neutral first. But outlook will stay bearish as long as 1.2666 resistance holds. Sustained break of 1.1932/600 will target 100% projection […]
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In the early hours of May 2, low-cost carrier Spirit Airlines definitively collapsed and canceled all flights after weeks of talks to save the beleaguered airline ultimately led to nothing. “Despite the Company’s efforts, the Read more…
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…