EURUSD Gains on Greenland Tensions Before US GDP, PCE – Orbex Forex Trading Blog

Daily Pivots: (S1) 0.9098; (P) 0.9110; (R1) 0.9127; More… USD/CHF’s consolidation from 0.9200 is still in progress and intraday bias remains neutral. Outlook stays bullish with 0.8956/64 support zone intact. On the upside, firm break of 0.9200/9223 will resume the whole rally from 0.8374 and carry larger bullish implication. However, sustained break of 0.8964 will…

Stock Indexes rebound across the world but anxiety remains Having passed a few tests from CPI, PPI and NFP, the uncertain environment is preventing a full-blown bullish momentum. Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 The picture is mixed but red in US stocks today, even after the remarkable turnaround from…

It started with two incidents on the same day. In a fairly empty train carriage, a stranger in her 70s approached me: “Do you mind if I sit here? Or did you want to be alone with your thoughts?” I weighed it up for a split second, conscious that I was, in effect, agreeing to…

As the chart shows, Amazon (AMZN) shares fell to around $222 yesterday, despite trading above $255 at the start of the month. The price drop is the result of several factors, including: → A rating downgrade from Rothschild & Co. Redburn (to “Neutral”). Analysts doubt that Amazon’s massive investments in artificial intelligence will pay off…

Markets are waiting with bated breath for his special address at the World Economic Forum (WEF) in Davos later today. He was supposed to have arrived already for the event but encountered a delay after Air Force One had a “minor electrical issue”. From earlier: His scheduled address is to take place later at 1330…