Daily Pivots: (S1) 152.78; (P) 153.08; (R1) 153.58; More… Intraday bias in USD/JPY remains on the upside at this point. Current up trend is in progress for 155.20 fibonacci projection level next. On the downside, Read more…
Retail sales rose by 0.7% month-on-month (m/m) in March, adding to February’s upwardly revised 0.9 % gain (previously 0.6%). The increase was higher than the consensus forecast calling for a more modest increase of 0.4% Read more…
Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Monday, April 15. Full Video Transcript Below: CAROLINE WOODS: I’m Caroline Woods reporting from Read more…
You’ve probably seen it on the page of a travel influencer — a seemingly endless stretch of nearly 4,000 wooden steps rising into an expanse of green hills, a wide sky and the Pacific Ocean. Read more…
Daily Pivots: (S1) 1.2396; (P) 1.2481; (R1) 1.2535; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen first, but recovery should be limited by Read more…
Dollar bounces slightly in early US trading following unexpectedly strong retail sales data. However, there is no clear follow through buying in the greenback for now. The only exception is USD/JPY which continues to make Read more…
Updated at 9:33 AM EDT U.S. retail sales surged again last month, data indicated Monday. suggesting that domestic consumers are extending their spending spree into the spring, adding further pressure to bets on a near-term Read more…
ECB Chief Economist Philip Lane described disinflation process as “necessarily bumpy” at the current phase. In a speech, he pointed out that headline inflation is expected to “fluctuate around current levels in the near term,” Read more…
US retail sales rose 0.7% mom to 709.6B in June, above expectation of 0.4% mom. Ex-auto sales rose 1.1% mom to USD 575.5B, above expectation of 0.5% mom. Ex-gasoline sales rose 0.6% mom to USD Read more…
ECB Governing Council member Peter Kazimir highlighted emphasized the importance of maintaining a flexible monetary policy stance beyond an initial rate reduction possibly in June. He underscored that the decision to lower rates in June Read more…