Daily Pivots: (S1) 0.6580; (P) 0.6602; (R1) 0.6643; More… AUD/USD’s rebound extends to as high as 0.6629 so far today, breaking 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Current upside acceleration as seen in Read more…
Dollar is continuing its streak as the weakest performer for the week, amid a global surge in risk appetite. Major stock indices around the world, including S&P 500, NASDAQ, DAX, and CAC, have notched new Read more…
Key insights from the week that was. Australian Q4 GDP printed broadly as expected, rising 0.2% (1.5%yr). Once again, consumer spending was in the spotlight, up just 0.1% in Q4 following a –0.2% decline in Read more…
Automobile companies have been battling the electric vehicle industry’s leader Tesla (TSLA) for EV sales in a tough market. Companies sold about 1.2 million electric vehicles in the U.S. in 2023 or only about 7.6% Read more…
The main focus of the day is February US non-farm payroll report, with the market anticipating headline job growth of 200k. Unemployment rate is expected to hold steady at 3.7%. Attention is particularly focused on Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Getting on your hands and knees to scrub floors and other Read more…
Elon Musk’s Neuralink has successfully implanted its first brain chip into a human patient. While this marks a major milestone in the development of BCI’s, or brain computer interfaces, some experts have qualms with the Read more…
Japan reported significant decline in household spending in January, marking the 11th consecutive month of contraction. The decrease of -6.3% yoy was well below expectation of -4.3% yoy, representing the steepest annual drop since February Read more…
This week’s national accounts confirmed our view that the domestic economic is soft, especially the consumer. Pressures on households should start to ease in the period ahead. The big-picture themes from the national accounts for Read more…
China’s National People’s Congress for 2024 and the market response again highlighted how far apart the views of China’s authorities and global investors are on both the current health of the economy and the way Read more…