With Eurozone inflation surging to 10.6% year-on-year in October, investors have shifted their bets to another 75bps hike when the ECB meets on December 15, and last week’s meeting minutes added credence to that view. Read more…
US futures Dow futures -0.7% at 34111 S&P futures -0.8% at 3993 Nasdaq futures -0.7% at 11680 In Europe FTSE -0.45% at 7429 Dax -1% at 14390 China demonstrations as COVID lockdowns ramp up US Read more…
It’s been a pretty quiet start to the trading week, with the negative session in Asia continuing into Europe and the US ahead of the open on Wall Street. Chinese stocks have been hit particularly Read more…
ECB President Christine Lagarde told a parliamentary committee, interest rates will remain the “main tool for fighting inflation”. Meanwhile, in December, ECB will “lay out the key principles for reducing the bond holdings”. The balance Read more…
As Wall Street returns from the Thanksgiving holiday, here’s what you need to know about a record Black Friday, China lockdowns and the upcoming Fed decision live at 9:30 ET. Watch TheStreet’s Market Open: More Read more…
After strong gains last week, the Japanese yen has extended its gains on Monday. USD/JPY is trading at 138.23 in the European session, down 0.67%. Yen jumps on China unrest China has applied its Covid-zero Read more…
Plus save on the Signature Edition of the popular e-reader. Love reading or looking for the perfect gift for someone who does? Well, Amazon’s Kindle Paperwhite is seeing a solid discount this Cyber Monday. And Read more…
Daily Pivots: (S1) 138.49; (P) 139.04; (R1) 139.71; More… Breach of 137.66 support suggests that fall from 151.93 is resuming. Intraday bias in now on the downside for 100% projection of 146.78 to 137.66 from Read more…
Daily Pivots: (S1) 0.9422; (P) 0.9461; (R1) 0.9499; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.9355 is still extending. On the downside, firm break of 0.9355 will resume the decline from 1.0146 Read more…
Daily Pivots: (S1) 1.2060; (P) 1.2094; (R1) 1.2129; More… Intraday bias in GBP/USD is turned neutral first as it continued to lose upside momentum with current retreat. Further rally is expected as long as 1.1777 Read more…