The overall theme for markets this week continued to be the scaling back of expectations of rate cuts especially in the US as the economy looks stronger, and inflation higher, than expected. However, the change Read more…
Markets This week’s market story was all about US price data which dashed investors hope on a May Fed policy rate cut. January CPI delivered the first and biggest blow on Tuesday by unexpectedly accelerating Read more…
The past year has been brutal for both traditional and disruptive retail brands. A number of companies simply never recovered from the covid-pandemic-era shutdowns, while others saw orders pull forward during that period, leaving them Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, February 16. Related: Beloved Warren Buffett company takes on a surprising new Read more…
The Las Vegas Strip smells like a 1980s Grateful Dead concert. That’s because Nevada legalized cannabis without providing any place to legally consume it. Under current law dispensaries are plentiful. They can’t be located within Read more…
Daily Pivots: (S1) 1.0737; (P) 1.0761; (R1) 1.0797; More… EUR/USD dips mildly in early US session as consolidation from 1.0694 extends. Intraday bias remains neutral and outlook stays bearish with 1.0804 resistance intact. Below 1.0694 Read more…
Daily Pivots: (S1) 1.2561; (P) 1.2581; (R1) 1.2621; More… Range trading continues in GBP/USD and intraday bias stays neutral. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday Read more…
Daily Pivots: (S1) 0.8767; (P) 0.8816; (R1) 0.8850; More…. USD/CHF recovers mildly in early US session as consolidation from 0.8885 continues. Intraday bias remains neutral first. Downside of retreat should be contained by 0.8727 resistance Read more…
Daily Pivots: (S1) 149.47; (P) 150.02; (R1) 150.50; More… USD/JPY recovers in early US sessions but stays in range below 150.87. Intraday bias remains neutral and more consolidation would be seen. But in case of Read more…
Dollar stages a notable recovery in the early US session, buoyed by stronger than expected January PPI figures. The highlight was PPI excluding foods, energy, and trade services, which saw its largest monthly increase in Read more…