Daily Pivots: (S1) 151.13; (P) 151.35; (R1) 151.64; More… Outlook in USD/JPY remains unchanged at consolidation from 151.82 is still extending. Intraday bias stays neutral at this point. Further rally is expected as long as Read more…
Fast Facts Wedbush analyst Dan Ives said in a note Monday that the AI revolution is here, and Microsoft is in the driver’s seat. He boosted his price target to $500 from $475. Microsoft, trading slightly below Read more…
Daily Pivots: (S1) 0.8977; (P) 0.8986; (R1) 0.9004; More…. USD/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 0.8332 should target 100% projection projection of 0.8550 to Read more…
Risk-on sentiment is pressuring e Swiss Franc and, to a lesser extent, Yen and Dollar today. DAX soared to new record highs, undeterred by the latest weak German consumer sentiment data, while CAC and FTSE Read more…
Image: The Verge / Photo courtesy of University of Washington The world is a noisy place. High-end headphones are getting better at shutting it out; solid noise-canceling headphones from Sony, Bose, and others are increasingly Read more…
US durable goods orders rose 1.4% mom to USD 277.9B in February, above expectation of 1.3% mom. Ex-transport orders rose 0.5% mom to USD 185.6B above expectation of 0.4% mom. Ex-defense orders rose 2.2% mom Read more…
Gold price jumped on Tuesday and retested psychological $2200 barrier, inflated by weaker dollar on improved sentiment about Fed rate cuts and persisting geopolitical risks. Market awaits release of US inflation data, due later this Read more…
Tesla (TSLA) shares moved higher in early Tuesday trading as the carmaker moved to promote one of its key technologies, and potential profit drivers, ahead of next week’s crucial first-quarter delivery figures. Tesla’s carmaking division Read more…
The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.6557, up 0.26%. On today’s data calendar, the US will release two tier-1 events. Durable goods orders are Read more…
BoE MPC member Catherine Mann cast doubts on the financial market’s anticipation of interest rate cuts in the near term, asserting that such expectations might be overly ambitious. Speaking to Bloomberg TV, Mann directly addressed Read more…