Short Trade Ideas Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.6999 or 0.7063. Put the stop loss 1 pip above the local...
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Little appetite ahead of European trading today
Besides some potential positioning plays ahead of the key risk event, there won’t be much else to scrutinise in markets in the session ahead. So far, there is a lack of interest and appetite...
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US Q2 unit labor costs +10.8% vs +9.5% expected
Prior was +11.6% (revised to +12.7%) Productivity -4.6% vs -4.7% expected Prior productivity -7.5% (revised to -7.4%) This highlights some of the inflationary pressures that businesses are facing....
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SoftBank sold its stake in Uber
Japanese investment technology company SoftBank Group Corp. sold all of its shares in the American taxi and food delivery service Uber Technologies Inc. to raise funds against the background of deteriorating financial indicators. SoftBank...
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Porsche SE: Good numbers, exciting bet…
Porsche Automobil Holding SE (PSE) earned more in the first half of the year. Thanks to the increasing profits at VW, profit after tax increased to 3.24 billion euros. What does the stock make...
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GBPUSD extends to 100 hour MA and finds sellers on the first look
The GBPUSD has moved up to test the 100 hour MA at 1.21361 currently and found sellers. The high for the day reached 1.21354 and backed off a bit. The current price is trading at 1.2128....
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Dollar gives back some of its post-NFP gains
Markets are still digesting how the hot US jobs report last week will have an impact on the FOMC meeting next month. After running with the idea of a more hawkish Fed on Friday,...
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Berkshire Hathaway posted a quarterly loss due to a fall in the stock market
Warren Buffett’s investment company Berkshire Hathaway ended the second quarter of 2022 with a loss due to falling asset values. The company’s net loss in April-June amounted to $43.755 billion, or $29.754 thousand per...
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Global stock markets up, an eye on US inflation
Stock markets were up on Monday on anticipation this week of inflation data from the United States, from which investors hope to draw a hint on a possible extension of the strong monetary tightening...
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AUD/USD Forecast: Aussie Continues Its Consolidation
The AUD/USD currency pair has been back and forth during most of the session on Thursday as we have the Non-Farm Payroll numbers coming out for Friday. This suggests that we are more likely than not...
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