Dollar remains subdued in the aftermath of its significant selloff triggered by CPI release overnight. Market sentiment has swiftly shifted, with the majority now almost ruling out the possibility of further rate hikes by Fed. Read more…
GBPUSD shows a 5 swing sequence from 10.4.2023 low favoring further upside. The rally from 10.4.2023 low takes the form of a double three Elliott Wave structure or a double zigzag. Up from 10.4.2023 low, Read more…
China’s industrial output and retail sales for October exceeded market expectations. Industrial production rose 4.6% yoy, surpassing forecasted 4.5% yoy, marking an improvement from September’s 4.5% yoy growth. Retail sales recorded a robust 7.6% yoy Read more…
Japan’s GDP contracted -0.5% qoq in Q3, starkly underperformed market expectations of -0.1% qoq decline. On annualized basis, the situation appears even more drastic, with the economy shrinking by -2.1%, far exceeding anticipated -0.6% contraction, Read more…
Chicago Fed President Austan Goolsbee acknowledged yesterday that “progress continues towards 2% inflation target. He highlighted the decline in goods inflation, but points out the critical role of housing inflation in the coming quarters. Goolsbee Read more…
More struggling fast-food restaurant operators have filed for Chapter 11 protection over the past six months as they have dealt with a variety of economic pressures such as growing debt from increased costs, including rising Read more…
Disrupting an industry does not guarantee financial success. Sometimes, when a company takes market share from the incumbents by showing them what they’re doing wrong, the deep-pocketed establishment simply course corrects. Banks, for example, have Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Tuesday, November 14. Full Video Transcript Below: J.D. DURKIN:
When you walk the Las Vegas Strip you see wondrous sites. It’s hard not to be awed by the sheer scale of Caesar’s Palace or the fact that Luxor really does look like a modern Read more…