With two dozen record highs under its belt this year and corporate profits forecast to continue rising, the S&P 500 looks set to pace a global market rally that could last well into the end Read more…
Eurozone economy has been improving in 2024 But investors still anticipate an ECB rate cut in June The flash PMIs could impact bets beyond that meeting The data comes out on Thursday at 08:00 GMT Read more…
Similarly to other countries, the U.S. State Department has a ranking system for how safe other nations are for Americans to visit. The advisory levels range from Level One’s “Exercise Normal Caution” to Level Four’s Read more…
Markets: Trading was again confined to rather tight ranges today. US yields created some breathing space end last week compared to important support levels (4.7% area US 2-y yield, 4.3/37% area 10-y yield), but for Read more…
Fed Governor Christopher Waller emphasized in a speech today that “several more months” of favorable inflation data are necessary before he would consider supporting interest rate cuts. While the latest CPI data was a “reassuring Read more…
TheStreet’s Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Tuesday, May 21. Related: Disney World cuts classic character from meet-and-greets amid scrutiny Read more…
Daily Pivots: (S1) 1.0846; (P) 1.0865; (R1) 1.0877; More… EUR/USD is still bounded in consolidations below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break Read more…
Daily Pivots: (S1) 1.2687; (P) 1.2707; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.2298 would target 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Read more…
Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Read more…
Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 Read more…