Personal income was flat month-on-month (m/m) in January, better than the consensus call for a decline of 0.3% m/m. December growth was revised up from 0.3% m/m to 0.4% m/m. Compensation of employees (+0.6% m/m) Read more…
Markets: Yesterday’s US price action already suggested that markets were preparing for some kind of ‘post-Ukraine normalcy’. US equities more than reversed initial losses. Yields returned to well-known territory. Fed officials held the line that, Read more…
It snapped up Tesla, Coinbase and Zoom Thursday. Tesla is the No. 1 holding in Ark’s flagship Ark Innovation ETF. Investment star Cathie Wood, CEO of Ark Investment Management, is at it again, buying shares Read more…
Daily Pivots: (S1) 114.73; (P) 115.21; (R1) 116.01; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 long Read more…
Daily Pivots: (S1) 0.9189; (P) 0.9239; (R1) 0.9305; More…. Range trading continues in USD/CHF and intraday bias remains neutral. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…
Daily Pivots: (S1) 1.3247; (P) 1.3399; (R1) 1.3524; More… Intraday bias in GBP/USD is turned neutral for consolidation above 1.3272 temporary low. But further fall is still expected with 1.3485 support turned resistance intact. Current Read more…
Okay, let’s start with the obvious: it’s important to keep a browser — any browser — up to date so that it can stay ahead of any malware or other nasties that are out there. Read more…
Daily Pivots: (S1) 1.1096; (P) 1.1204; (R1) 1.1301; More… Intraday bias in EUR/USD is turned neutral as it’s now consolidating above 1.1105 temporary low. But Further fall is still expected with 1.1287 support turned resistance Read more…
Global stocks continue to rebound today. The West’s refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue Read more…
The Euro started a major decline from well above 1.1320 against the US Dollar. The EUR/USD pair traded below the 1.1265 support zone to enter a bearish zone. There was a move below the 1.1150 Read more…