For generations, Dallas-based Southwest Airlines (LUV) has stood out from other airlines by not assigning seats but letting travelers board in groups and then choose from whatever is available. The feature is so iconic that Read more…
The Federal Reserve’s effort to bring the economy to a ‘soft landing’ that tames inflation while avoiding recession received a massive boost Thursday from data that continues to defy forecasts and could stabilize the current Read more…
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. An economic surprise on Thursday could offset earnings angst one-day after the biggest stock market Read more…
Presidential race dominates headlines and complicates Fed’s job Equities suffered in the two months leading up to the last six presidential elections Market’s performance in the 2016 pre-election period could be a useful guide Dollar Read more…
We expect the Federal Reserve to maintain its monetary policy unchanged next week. Focus will be on upcoming rate cuts, which we expect to begin in September. The two latest CPI prints have built significant Read more…
The Japanese yen continues to gain ground against the US dollar. USD/JPY is trading at 153.68 early in the North American session, down 0.14% on the day. Earlier today, USD/JPY fell as low as 151.93 Read more…
Markets Risk off quickly spread from the US yesterday to Asian and later European dealings today. Triggered by AI/tech companies on Wall Street yesterday, the equity sell-off broadened in the likes of the EuroStoxx50 amid Read more…
Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays on the downside, and fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break Read more…
Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… Intraday bias in GBP/USD remains neutral first. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. Read more…
Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. Read more…