Month: September 2024

The Federal Reserve’s surprising 0.5% cut to the federal funds rate will have trickle-down effects on consumer lending and the stock, labor, and housing markets. While lower interest rates aim to increase consumer confidence, spending, Read more…

Starbucks  (SBUX) CEO Brian Niccol has a stern message for his employees, and many may not be too thrilled about it. As companies across the country are starting to cut back on remote work, with Read more…

Dollar finished last week on the back foot, reacting to Fed’s decision to cut rates by 50 bps. While the greenback lost ground to most major rivals, its decline was relatively modest. Notably, Dollar managed Read more…

EUR/USD’s strong rebound last week suggests that correction from 1.1200 has completed at 1.1001 already. Initial bias stays mildly on the upside this week. Decisive break of 1.1200 will resume whole rally fro 1.0665 to Read more…

USD/JPY’s rebound last week suggests short term bottoming at 139.57. just ahead of 139.26 key fibonacci level. Initial bias remains mildly on the upside this week. Further rise would be seen to 38.2% retracement of Read more…

GBP/USD’s up trend resumed last week by breaking through 1.3265. Initial bias stays on the upside this week for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break there will pave the Read more…

USD/CHF stayed in range of 0.8374/8548 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Read more…

AUD/USD’s rally from 0.6438 resumed by breaking through 0.6823 last week. Initial bias stays on the upside this week for 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915 next. On the downside, below Read more…

USD/CAD edged higher to 1.3646 last week but failed to sustain above 38.2% retracement of 1.3946 to 1.3439 at 1.3633. Yet, subsequent retreat was contained at 1.3532. Initial bias remains neutral this week first. On Read more…