Markets Today’s EMU CPI/US PCE deflators were supposed to provide a reality check as markets recently adapted positions in line with the Fed and the ECB guidance that central banks will (have to) take their Read more…
Daily Pivots: (S1) 150.43; (P) 150.64; (R1) 150.91; More… Immediate focus is now on 149.51 minor support in USD/JPY. Considering bearish divergence condition in 4H MACD, firm break of 149.51 should confirm short term topping Read more…
Daily Pivots: (S1) 0.8776; (P) 0.8794; (R1) 0.8803; More…. USD/CHF is still bounded in consolidation from 0.8884 and intraday bias remains neutral. With 0.8727 resistance turned support intact, further rally is expected. On the upside, Read more…
Daily Pivots: (S1) 1.2626; (P) 1.2657; (R1) 1.2693; More… Intraday bias in GBP/USD remains neutral as sideway trading continues. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday Read more…
The Canadian economy grew by 0.99% quarter/quarter annualized (q/q) in 2023 Q4, while Q3 was revised higher (-0.5% q/q from -1.1%). Furthermore, the flash estimate for January showed a +0.4% monthly increase. Stripping out external Read more…
Personal income grew 1.0% month-on-month (m/m) in January, a sizeable increase from December’s 0.3% gain, and above market expectations for a 0.4% increase. Accounting for inflation and taxes, real personal disposable income was flat on Read more…
Remy Blaire brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, February 29. Full Video Transcript Below: REMY BLAIRE: I’m Remy Blaire – reporting from Read more…
Daily Pivots: (S1) 1.0807; (P) 1.0829; (R1) 1.0860; More… EUR/USD recovers mildly in early US session but stays in range below 1.0887. Intraday bias stays neutral at this point. On the upside, break of 1.0887 Read more…
US stock futures bounce while treasury yields weaken following release of January’s PCE inflation data, which showed slowdown in both headline and core inflation rates as anticipated. This development provided some relief to investors, who Read more…
Updated at 9:42 AM EST The Federal Reserve’s preferred inflation gauge ticked higher last month, data indicated Thursday, but largely matched Wall Street’s forecasts, as price pressures continued to ease on an annual basis, suggesting the Read more…