US manufacturing sector, as indicated by ISM Manufacturing PMI, showed signs of resilience in January 2024, slightly missing the mark of expansion. The index climbed from 47.1 to 49.1, surpassing market expectations of 47.7, yet Read more…
Markets The Bank of England kept its policy rate unchanged at 5.25% in a 3-way split with two members (Mann & Haskel) preferring a 25 bps rate increase to 5.5% and one member (Dhingra) voting Read more…
Photo by Vjeran Pavic / The Verge Apple has finally put a number on how many apps will work with the Vision Pro at launch. In an announcement on Thursday, the company says more than Read more…
Daily Pivots: (S1) 1.0820; (P) 1.0838; (R1) 1.0865; More… Intraday bias in EUR/USD is back on the downside with breach of 1.0795 temporary low. Fall from 1.1138 is trying to resume to 1.0722 structural support. Read more…
In recent years, McDonald’s has reached back to its past to get parents who grew up in the 80s and 90s to revisit the brand with their kids. That has included using some of its Read more…
To the rest of America, it’s just another Tuesday. But if you grew up in New Orleans, you got an extra holiday that few others get to enjoy: “Fat Tuesday,” more commonly known as Mardi Read more…
Retailers love selling something that’s more work for customers as being about choice or control. Panera Bread, for example, won’t even pour your coffee. The chain hands customers a cup and forces them to assemble Read more…
Daily Pivots: (S1) 0.8562; (P) 0.8603; (R1) 0.8655; More…. Intraday bias in USD/CHF remains neutral at this point. On the downside, below 0.8550 will resume the fall from 0.8727 for 0.8487 support. Break there will Read more…
Daily Pivots: (S1) 147.16; (P) 147.54; (R1) 147.99; More… USD/JPY is still holding above 145.97 resistance turned support. Intraday bias stays neutral at this point, and further rally is still in favor. As noted before, Read more…
Daily Pivots: (S1) 1.2646; (P) 1.2699; (R1) 1.2739; More… No change in GBP/USD’s outlook and intraday bias remains neutral. Consolidation from 1.2826 is extending and deeper fall cannot be ruled out. But downside should be Read more…