Cable accelerated gains on Thursday, lifted by renewed risk sentiment, following comments from Fed Powell on Wednesday, which deflated dollar on less hawkish than expected stance, while solid US data on Thursday further boosted risk Read more…
US ISM Manufacturing PMI dropped from 50.2 to 49.0 in November, worse than expectation of 50.5 That’s also the first contraction reading in 29 months since May 2020. Looking at some details, new orders dropped Read more…
Fast-food giant McDonald’s usually plays it safe by adding barbecue sauce or a new cheese to a Big Mac or Quarter Pounder. Not this time. McDonald’s (MCD) – Get Free Report, at least in the Read more…
Personal income advanced 0.7% month-on-month (m/m) in October, above market expectations for a more modest gain of 0.4% m/m. Compensation of employees, which gained a solid 0.5% m/m, was behind the strong headline income reading. Read more…
US futures Dow futures +0.08% at 34590 S&P futures +0.23% at 4088 Nasdaq futures +0.23% at 12053 In Europe FTSE -0.14% at 7579 Dax +0.7% at 14510 Personal spending rises, jobless claims fall US stocks Read more…
As markets digest the latest comments from Fed chair Jerome Powell, catch the latest news on Sam Bankman-Fried and Tesla live at 9:30 a.m. ET. Watch TheStreet’s Market Open: TheStreet is live every weekday at Read more…
Daily Pivots: (S1) 137.19; (P) 138.55; (R1) 139.44; More… Intraday bias in USD/JPY stays on the downside at this point. Current decline from 151.93 should target 133.07 medium term fibonacci level next. On the upside, Read more…
Daily Pivots: (S1) 0.9409; (P) 0.9478; (R1) 0.9525; More… USD/CHF is still bounded in consolidation from 0.9355 and intraday bias remains neutral. Near term outlook will remain bearish as long as 0.9680 minor resistance holds, Read more…
Daily Pivots: (S1) 1.0323; (P) 1.0376; (R1) 1.0462; More… EUR/USD’s rally resumed by breaking through 1.0496 and intraday bias is back on the upside. Next target is 1.0609 fibonacci level. On the downside, break of Read more…
Another decline in the Fed’s preferred inflation gauge, alongside Chairman Jerome Powell’s recent dovish tilt, has stocks moving higher again Thursday. U.S. equity futures turned higher Thursday, following on from one of the strongest rallies Read more…