Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… EUR/USD’s break of 1.0804 resistance suggests short term bottoming at 1.0694, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for Read more…
Canadian Dollar weakens broadly in early US session, sparked by data indicating a stronger-than-anticipated progress in disinflation. Headline CPI fell below the 3% mark, accompanied by significant easing in core inflation measures. This development potentially Read more…
Canada’s CPI slowed from 3.4% yoy to 2.9% yoy in January, much lower than expectation of 3.3% yoy. The largest contributor to headline deceleration was lower year-over-year prices for gasoline (-4.0%). Excluding gasoline, CPI also Read more…
Walmart (WMT) posted stronger-than-expected fiscal-fourth-quarter earnings Tuesday, while issuing a big boost to its annual dividend and unveiling a $2.3 billion takeover of smart-TV maker Vizio (VZIO) . Adjusted earnings for the three months ended Read more…
In a session with the Treasury Select Committee today, BoE Governor Andrew Bailey acknowledged that It’s “not unreasonable” for the market to think about reductions in interest rates this year However, he was quick to Read more…
The Australian dollar continues to rally and has extended its gains for a fifth successive day. In the European session, AUD/USD is trading at 0.6550, up 0.19%. Minutes: RBA considered raising rates The minutes of Read more…
Gold rallied for the fourth consecutive session to reach $2023, recovering almost all the losses suffered the week before on the back of the inflation report. Gold’s ability to rally suggests continued domestic demand, as Read more…
Check back for updates throughout the trading day U.S. equity futures moved lower Tuesday, while Treasury yields held steady at multi-month highs, as investors continued to clip Federal Reserve interest rate forecasts while looking ahead Read more…
US 100 index is in red today, testing the support set by a key trendline It remains a tad below its all-time high as the market looks for new bullish catalysts Stochastic oscillator is trying Read more…
ECB released data today indicating a slight decrease in negotiated wage growth to 4.46% in Q4, marking a downturn from the previous quarter’s record high of 4.69%. This development, though modest, is likely to be Read more…