Daily Pivots: (S1) 0.9128; (P) 0.9141; (R1) 0.9151; More…. USD/CHF’s retreat from 0.9157 extends lower but stays above 0.9077 minor support. Intraday bias remains neutral and another rise is in favor. On the upside, above Read more…
Daily Pivots: (S1) 156.70; (P) 156.87; (R1) 157.06; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. On the upside, above 157.78 will resume the rally from 151.86, as the second leg of Read more…
Tesla shares edged lower Tuesday, extending their year-to-date slump to around 28%, as investors continue to grapple with a key long-term risk tied to CEO Elon Musk’s ambitions in AI technologies. Tesla (TSLA) shares have Read more…
Gold prices are on an upward trajectory, moving towards 2351.00 USD per troy ounce on Tuesday. This marks a significant rise after days of sideways movement, highlighting the metal’s renewed appeal among investors. This surge Read more…
The Japanese yen continues to drift and showing little movement on Tuesday. USD/JPY is trading at 156.92, up 0.01% on the day at the time of writing. Corporate service prices jumps, BoJ core CPI dips Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher Tuesday as investors looked to extend a five-week winning streak on Wall Street while focusing on a handful of key corporate earnings Read more…
ECB Consumer Expectations Survey for April shows a slight decline in inflation expectations and a modestly improved economic outlook. Median inflation expectations for the next 12 months have decreased to 2.9%, down from 3.0%, reaching Read more…
The Euro keeps firm tone on fading hopes for ECB rate cut, with markets focusing on tomorrow’s release of German inflation data (annualized CPI expected to rise in May). The bull leg off higher low Read more…
Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price Read more…
In an interview with CNBC today, Minneapolis Fed President Neel Kashkari emphasized the need for “many more months of positive inflation data” before considering a reduction in monetary policy restrictions. Moreover, he noted that Fed Read more…