Markets The much-anticipated US December CPI reading literally couldn’t be more spot on. Monthly headline dynamics eased as expected from 0.1% to -0.1% m/m, resulting in a deceleration of the yearly figure from 7.1% to Read more…
Summary Inflation continued to ease in December. The headline CPI fell 0.1% in the month, and December marked the third consecutive increase in the core index of 0.3% or less. A major decline in gasoline Read more…
Daily Pivots: (S1) 132.09; (P) 132.48; (R1) 132.89; More… Immediate focus is now on 129.49 support in USD/JPY. Firm break there will resume whole decline from 151.93. Intraday bias will be back on the downside Read more…
No IRS would not mean no taxes and the rich might actually end up paying more. While House Speaker Kevin McCarthy, R-Calif., was captivating a live audience with coverage of historically numerous votes for his Read more…
Daily Pivots: (S1) 0.9236; (P) 0.9283; (R1) 0.9362; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral at this point. Further decline is still in favor as long as 0.9407 Read more…
Daily Pivots: (S1) 1.2107; (P) 1.2143; (R1) 1.2184; More… GBP/USD’s rally from 1.1840 resumed after brief consolidation and intraday bias back on the upside. Further rise should be seen to retest 1.2445 high. Decisive break Read more…
Daily Pivots: (S1) 1.0730; (P) 1.0753; (R1) 1.0780; More… EUR/USD’s rally continues today and intraday bias stays on the upside. Rise form 0.9534 should target 61.8% projection of 0.9630 to 1.0733 from 1.0482 at 1.1164 Read more…
Bed, Bath & Beyond may be considering it as an option. Hertz has been in and out of it. This is what’s on the line for shareholders. The bankruptcy of a company is always a Read more…
The Consumer Price Index fell 0.1% month-on-month (m/m) in December, slightly below expectations calling for a flat reading. On a year-on-year (y/y) basis, headline inflation fell to 6.5% (down from 7.1% the month prior). Energy Read more…
Markets continued to challenge the Fed’s rate-hike view Thursday following the slowest annual inflation reading in more than a year in December. Updated at 10:14 am EST U.S. stocks were active in early Thursday trading Read more…