Retail sales rose 0.4% month-on-month (m/m) in October, down from the upwardly revised September 2024 gain of 0.8%, but ahead of the consensus forecast calling for an increase of 0.3% m/m. Trade in the auto Read more…
Cisco and rival Arista Networks share a historical connection. Arista (ANET) was co-founded in 2004 by Andreas Bechtolsheim and David Cheriton, who also co-founded Granite Systems in 1995 — a company focused on gigabit ethernet Read more…
It has been a rough season for transatlantic (TA) cruises. These are sailings where ships reposition either from Florida, New York, or Texas to Europe or ships moving to an East Coast port from a Read more…
Updated at 9:23 AM EST U.S. retail sales rose firmly again last month, Commerce Department data indicated Friday, suggesting consumer spending and sentiment remains healthy into the final stretch of 2024 and should support broader Read more…
Daily Pivots: (S1) 155.60; (P) 156.01; (R1) 156.68; More… Intraday bias in USD/JPY is turned neutral first with current retreat, and some consolidations could be seen below 156.74 temporary top. Outlook will stay bullish as Read more…
Daily Pivots: (S1) 0.8861; (P) 0.8890; (R1) 0.8932; More… Intraday bias in USD/CHF is turned neutral first with current recovery. Some consolidations would be seen first but outlook will stay bullish as long as 0.8773 Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2674; (R1) 1.2719; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. CUrrent fall from 1.3433 should target 100% projection of 1.3433 to 1.2842 to 1.3047 Read more…
Daily Pivots: (S1) 1.0490; (P) 1.0536; (R1) 1.0576; More… Intraday bias in EUR/USD stays neutral for consolidations above 1.0495 temporary low. But outlook will remain bearish as long as 1.0760 support turned resistance holds. On Read more…
Dollar is trading slightly lower as the market enters the final US session of the week, with mixed US retail sales data failing to provide fresh momentum for the greenback. The currency appears to be Read more…
Applied Materials shares moved firmly lower in early Friday trading as analysts weighed in on the chip-equipment maker’s stronger-than-expected fiscal-fourth-quarter earnings report and what they saw as a muted outlook for non-AI-chip demand heading into next year. Read more…