EURGBP jumped almost 0.4% in European session on Tuesday, as pound came under increased pressure on below forecast UK pay growth data, which further decreased bets for BoE rate hike in Nov 2 policy meeting. Read more…
Market picture The crypto market cap rose 1.5% over the last 24 hours to $1.091 trillion. Yesterday, the market surged briefly on the false news of Bitcoin spot ETF approval. But interestingly, the ensuing market Read more…
Retail sales rose by 0.7% month-on-month (m/m) in September, down slightly from the upwardly revised 0.8% (previously 0.6%) reading in August. This was notably above the median consensus forecast calling for a more muted gain Read more…
Consumer price inflation edged down in September to 3.8% on a year-on-year (y/y) basis, down from 4.0% in August. In month-on-month terms, prices fell 0.1%. This month’s print registered below consensus expectations. Food prices continued Read more…
Electric semi-truck competitor Volta Trucks said Tuesday that it has begun the process of filing for bankruptcy in Sweden, only a few years after the company got its start in 2019. Volta said in a Read more…
Daily Pivots: (S1) 1.0526; (P) 1.0544; (R1) 1.0578; More… Intraday bias in EUR/USD stays neutral and outlook remains bearish with 1.0639 resistance intact. On the downside, firm break of 1.0447 will resume whole fall from Read more…
Daily Pivots: (S1) 1.2161; (P) 1.2190; (R1) 1.2247; More Intraday bias in GBP/USD stays neutral and outlook remains bearish with 1.2336 resistance intact. On the downside, decisive break of 1.2036 will resume whole decline from Read more…
Daily Pivots: (S1) 0.8984; (P) 0.9014; (R1) 0.9031; More…. Intraday bias in USD/CHF remains neutral at this point. More sideway trading could be seen. On the upside, break of 0.9086 resistance will indicate that pull Read more…
Nvidia (NVDA) – Get Free Report shares led U.S. chipmakers lower in early Tuesday trading after Trade Secretary Gina Raimondo unveiled expanded restrictions on the sale of advanced technologies to China. The new restrictions, which expand upon Read more…
Daily Pivots: (S1) 149.33; (P) 149.54; (R1) 149.74; More… Despite some volatility, USD/JPY is still staying in range below 150.15. Intraday bias remains neutral for the moment. On the downside, below 148.24 minor support will Read more…