Transcript: CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street is looking for momentum after both the S&P and the Nasdaq hit new records Read more…
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Markets PMI business confidence was on tap at the close of the week. The European June edition comes with an important disclaimer though. PMI owner S&P Global noted that the turmoil in the wake of Read more…
US PMI Manufacturing rose from 51.3 to 51.7 in June. PMI Services jumped from 54.8 to 55.1, a 26-month high. PMI Composite also ticked up from 54.5 to 54.6, a 26-month high. Chris Williamson, Chief Read more…
The European session on Friday started with a new wave of euro selling, which was supported by weak preliminary PMIs. According to June estimates, the strengthening of economic activity in the eurozone, which has been Read more…
The British pound is slightly lower on Friday. GBP/USD is trading at 1.2636 early in the North American session, down 0.17% on the day. UK retail sales hit 4-month high UK retail sales jumped 2.9% Read more…
WTI oil price hits new seven-week high on Friday, keeping firm tone and on course for the second consecutive weekly gain. Improving demand was signaled by fall in the US fuel inventories, as summer driving Read more…
Daily Pivots: (S1) 158.25; (P) 158.59; (R1) 159.28; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 151.86 is in progress for 160.20 high, or possibly to 100% projection of Read more…
Daily Pivots: (S1) 0.8855; (P) 0.8891; (R1) 0.8949; More…. Intraday bias in USD/CHF remains neutral as consolidations continue above 0.8825. Outlook will stay bearish as long as 0.8992 resistance holds. On the downside, break of Read more…
Daily Pivots: (S1) 1.0686; (P) 1.0719; (R1) 1.0735; More…. EUR/USD is staying in range above 1.0667 and intraday bias remains neutral. Further decline is expected with 1.0760 resistance intact. Break of 1.0667 will resume the Read more…