Check back for updates throughout the trading day U.S. equity futures powered firmly higher in early Thursday trading, putting the S&P 500 on pace for another record high, as investors reacted to reports of new Read more…
Germany’s economic prospects have deteriorated further as the Joint Economic Forecast Project Group revised its GDP forecasts downward. The group now expects the German economy to contract by -0.1% in 2024, a downgrade from the Read more…
The Dollar Index keeps firm tone early Thursday following 0.7% bounce previous day, on another failure to sustain break below psychological 100 support. The greenback was lifted by headwinds from 100 zone and improving sentiment, Read more…
EUR/USD came higher during summer, possibly breaking out of a triangle on higher time frame charts, as the market breaks above 1.1140, so it seems that some big moves can be coming. In fact, there Read more…
SNB lowered its policy rate by 25 basis points to 1.00%, citing that inflationary pressure “has again decreased significantly”, largely driven by the recent appreciation of Swiss Franc. SNB’s statement also indicated that further rate Read more…
The Swiss National Bank is lowering the SNB policy rate by 0.25 percentage points to 1.0%. The change applies from tomorrow, 27 September 2024. Banks’ sight deposits held at the SNB will be remunerated at Read more…
WTI dives 7% from 73.30 200-day SMA moves horizontally MACD and stochastics confirm bearish outlook WTI crude oil prices have lost more than 7% over the last couple of days after the pullback from the Read more…
Daily Pivots: (S1) 192.00; (P) 192.64; (R1) 193.49; More… GBP/JPY’s rise from 183.70, as the third leg of the corrective pattern from 180.00, is in progress and breached 193.45 resistance. Intraday bias stays on the Read more…
Daily Pivots: (S1) 160.12; (P) 160.89; (R1) 161.93; More…. EUR/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Rise from 155.14, as the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 0.8335; (P) 0.8354; (R1) 0.8374; More… Intraday bias in EUR/GBP remains neutral for consolidation above 0.8316 temporary low. Outlook will remain bearish as long as 0.8399 support turned resistance holds. On the Read more…