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Type: Bullish BounceKey Levels:Resistance: 1108’4Pivot: 1071’6Support: 1055’0Preferred Case:Prices are at a pivot . We see the potential for a bounce from our pivot at 1071’6 in line with 23.6% Fibonacci Retracement towards our 1st resistance at 1108’4 which is an area of Fibonacci confluences. Prices are trading above our Ichimoku clouds , further supporting our […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
The dollar touched another two-year high on Monday, pummeling the yen, as yields continued to rise on expectations for further rate increases by the Federal Reserve. The U.S. Dollar Index DXY, +0.19% briefly broke above 100 in overnight trading, the highest since May 10, 2020, and was up around 0.2%. The greenback also hit another […]
Shares of PG&E Corp. PCG, -5.37% dove 5.4% in afternoon trading Monday, after gas and electric utilities subsidiary Pacific Gas and Electric Company announced a total financial commitment $55 million as part of settlements of legal proceedings related to the 2019 Kincade Fire and the 2021 Dixie Fire. As part of the agreement, PG&E said […]
China CPI Surges AgainCPI data from the world’s second largest economy overnight showed that price pressures continued to grow last month. CPI was seen jumping 1.5% on the month, up from the prior 0.9% reading and well above the 1.1% result forecasted. Additionally, China headline PPI came in at 8.3%, beating expectations for an 8.1% […]
Type: Bullish BounceKey Levels:Resistance: 25.105Pivot: 24.850Support: 24.795Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 24.850 which is a graphical overlap towards our 1st resistance at 25.105 in line with 100% Fibonacci Projection . Prices are trading above our ichimoku clouds , further supporting our bullish bias.Alternative […]