Daily Pivots: (S1) 142.11; (P) 142.37; (R1) 142.64; More… USD/JPY is staying in sideway consolidation and intraday bias remains neutral at this point. In case of stronger recovery, upside should be limited below 146.58 resistance. Read more…
Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… GBP/USD is still bounded in consolidation below 1.2793 and intraday bias stays neutral. As long as 1.2499 support holds, near term outlook will stay bullish and Read more…
The federal funds rate has skyrocketed 5.25 percentage points since March 2022, taking Treasury yields higher and the 30-year mortgage rate to 8% in October. The dramatic increase made homes increasingly unaffordable, disappointing would-be homebuyers. Read more…
Daily Pivots: (S1) 1.1020; (P) 1.1032; (R1) 1.1056; More… EUR/USD’s rally continues today and hit as high as 1.0749 so far. Intraday bias remain son the upside for retesting 1.1274 high. Strong resistance should be Read more…
In today’s subdued trading environment, Sterling Euro have emerged as the strongest currencies, outperforming Australian Dollar and New Zealand Dollar. The ascendancy of these European currencies does not appear to be driven by any specific Read more…
Bloomberg reported Tuesday that the Apple (AAPL) – Get Free Report design executive Tang Tan would be joining fellow Apple veteran and iconic designer Jony Ive’s design firm, LoveFrom, after he leaves the Cupertino tech Read more…
China’s Shanghai SSE recovered mildly by closing up 0.54% earlier today. Sentiment was lifted by data from showing that industrial profits saw a substantial year-on-year jump of 29.5% in November, a significant acceleration from the Read more…
Check back here for updates throughout the trading day U.S. equity futures nudged higher Wednesday, putting the S&P 500 within just a few points of its all-time high, as investors continue to extend the so-called Read more…
BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary Read more…
Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the Read more…