The U.S. economy surged ahead 6.9% (annualized) in the fourth quarter, slightly above consensus expectations. Overall, the economy rebounded 5.7% in 2021, more than recouping 2020’s 3.4% contraction. Inventory rebuilding accounted for 71% of growth, Read more…
Southwest Air expects a loss in the current quarter – reflecting lower revenue and higher fuel and other costs – but a profitable 2022. Southwest Airlines (LUV) – Get Southwest Airlines Co. Report expects a turbulent Read more…
Tesla shares hit a one-month low Thursday after posting record Q4 sales but warning that supply chain disruptions would impact near-term output. Updated at 10:30 am EST Tesla (TSLA) – Get Tesla Inc Report shares neared Read more…
What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. Read more…
Futures pick up from lows and move higher as strong GDP data calms fears of an aggressive Fed. US futures Dow futures +0.4% at 34294 S&P futures +0.66% at 4378 Nasdaq futures +0.96% at 14302 Read more…
Powell signals a rate hike in March The first FOMC meeting of 2022 was concluded on Wednesday, with the Fed Chair Jerome Powell setting the stage for a March rate hike, declining to rule out Read more…
Daily Pivots: (S1) 114.07; (P) 114.38; (R1) 114.99; More… USD/JPY’s break of 115.05 resistance suggests that pull back from 116.34 has already completed. The development also revives near term bullishness. Intraday bias is back on Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More…. USD/CHF’s break of 0.9276 resistance suggests that pull back from 0.8925 has completed already. Intraday bias is on the upside for 0.9372 first. Firm break there Read more…
Caesars plans to add another legendary brand to its lineup of Las Vegas Strip properties. The Las Vegas Strip has been ever-changing. Hotels come and go in a never-ending attempt to lure visitors in with Read more…
Daily Pivots: (S1) 1.3431; (P) 1.3478; (R1) 1.3511; More… Intraday bias in GBP/USD remains on the downside at this point. As noted before, rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger Read more…