December 12–13, 2023 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, December Read more…
Gold reversed from resistance level 2075.00 Likely to fall to support level 2016.00 Gold recently reversed down from the strong multi-month resistance level 2075.00 (which also stopped the earlier uptrend in March of 2023, as Read more…
USDCAD reversed from key support level 1.3200 Likely to rise to resistance level 1.3400 USDCAD currency pair recently reversed up from the key support level 1.3200 (which reversed the price multiples times in the middle Read more…
The minutes from the December 12-13, 2023 Federal Open Market Committee (FOMC) meeting reiterated that quelling price pressures remains of paramount importance for the Fed. On the current economic backdrop, Committee members noted that “after Read more…
Gold price recovers its losses around $2,060, up 0.14% for the day. The US ISM Manufacturing PMI came in at 47.4 vs. 46.7 prior, better than the expectation of 47.1. Market players will monitor the Read more…
GBP/USD clings to mild losses near 1.2665 on the firmer USD. Richmond Fed Barkin said the potential for additional rate hikes remains on the table. The fear of recession in the UK economy weighs on Read more…
AUD/JPY edges down to 96.35 after a 0.46% gain, with bullish-harami pattern suggesting potential upside momentum. Buyers aim for the January 2 high of 96.71 and the 97.00 mark, with subsequent resistance levels at 97.67 Read more…
Investors are passionate fans or foes of Tesla’s electric vehicles, and its mercurial chief executive, Elon Musk, has spawned legions of supporters and detractors. As a result, Tesla is one of the stock market’s most 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, January 3rd. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin, reporting from Read more…