Social media was abuzz on Wednesday after The Verge broke a story that Facebook was planning to change its name as part of a rebranding strategy. Technically, it wouldn't be the first time that the company changed its name, since it…

The Dow has been in the spotlight for the past few trading sessions. Not only has it hit the 35K handle, but the index is also pushing for record highs once again. With American job numbers looking good, retail sales in positive…

EURUSD recovers as ECB taper pressure grows The euro bounces back as markets expect a more aggressive stance from the ECB. Now that growth within the bloc has almost recovered to the pre-pandemic level, the ECB is one of the last…

The conventional wisdom is that the longer the President waits to confirm the Chairman of the Federal Reserve, the more likely it is that there will be a replacement. Generally, the idea is to reassure markets about continuity, to…

EURUSD eyes the development of a large bullish impulse. This impulse consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Most likely, the construction of an intermediate correction (4) has recently ended. This has a complex internal…

USDJPY seeks support The US dollar steadies over lower-than-expected initial jobless claims. Sentiment remains upbeat, however, the pair is struggling to climb past the psychological level of 115.00, probably due to overextension.…

USDJPY suggests the development of a large triple zigzag that consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four waves of this triple zigzag have ended. The last actionary wave Ⓩ is currently under development. Most likely, this…

Given the situation in global supply chains, PMI data has returned to focus. Businesses are increasingly reporting difficulties in obtaining supplies. This translates into lower profits and slower economic growth. Purchasing managers are…