Dollar sellers are back in control today, as markets appear to turn back into risk-on mode. In particular, FTSE is hitting another record high. The greenback is still inversely coupled to risk sentiment. Swiss Franc Read more…
Richmond Fed President Thomas Barkin said in a podcast that “while the average (inflation) has dropped, the median has still stayed high”. “That’s because the average has been distorted by falling prices for a few Read more…
Daily Pivots: (S1) 1.0696; (P) 1.0728; (R1) 1.0747; More… Intraday bias in EUR/USD stays neutral first. On the downside, break of 1.0668 will resume the correction from 1.1032 short term top and target 38.2% retracement Read more…
Disney’s earnings, jobless claims and the housing market are all in focus for TheStreet Today on Thursday, Feb. 9. Jobless claims distracted the market from the Federal Reserve speakers as weekly claims topped 196,000, beating Read more…
Peak inflation and solid GDP growth has stocks on the move Thursday, even as bonds continue to flash recession warnings for the world’s biggest economy. U.S. equity futures moved firmly higher Thursday, while the dollar Read more…
Daily Pivots: (S1) 1.2035; (P) 1.2072; (R1) 1.2109; More… GBP/USD’s break of 4 hour 55 EMA suggests that fall from 1.2446 has completed at 1.1960. Corrective pattern from 1.2445 might be finished too. Intraday bias Read more…
New gold in the Wild West of Tech: Artificial intelligence is the buzzword just a year after the metaverse, whose ashes are videogame avatars. Remember the metaverse? For those whose memories are short, the metaverse Read more…
Daily Pivots: (S1) 0.9182; (P) 0.9206; (R1) 0.9234; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, firm break of 0.9287 resistance will confirm short term bottoming at 0.9058, and Read more…
Daily Pivots: (S1) 130.85; (P) 131.19; (R1) 131.79; More… USD/JPY’s break of 4 hour 55 EMA argues that rebound from 127.20 has completed at 132.89. Intraday bias is back on the downside for retesting 127.20 Read more…
US initial jobless claims rose 13k to 196k in the week ending February 4. Four-week moving average of initial claims dropped -2.5k to 189k. Continuing claims rose 38k to 1688k in the week ending January Read more…