Richmond Fed President Thomas Barkin expressed a cautiously optimistic outlook during remarks today, highlighting economic growth upside while noting inflation risks tied to labor market strength. “How economic policy uncertainty resolves will matter. But, with Read more…
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Canadian and U.S. job market reports for December on Friday will mark the first major data releases of the year ahead of interest rate decisions later in the month for both the Bank of Canada Read more…
The ISM Manufacturing Index firmed to 49.3 in December from 48.4 last month, and ahead of the step back to 48.2 expected. The deceleration in the manufacturing sector slowed again, as a broader segment of Read more…
Daily Pivots: (S1) 1.0203; (P) 1.0289; (R1) 1.0353;More… Intraday bias in EUR/USD remains neutral for the moment. Fall from 1.1213 is in progress to 1.0199 fibonacci level. Decisive break there will solidify the case of Read more…
Daily Pivots: (S1) 1.2309; (P) 1.2425; (R1) 1.2497; More… GBP/USD’s fall is still in progress and intraday bias remains neutral. Decline from 1.3433 should target 1.2256/98 cluster support zone. Strong support is expected there to Read more…
Daily Pivots: (S1) 156.69; (P) 157.27; (R1) 158.10; More… No change in USD/JPY’s outlook as consolidation continues in tight range below 158.06. While another retreat cannot be ruled out, outlook will stay bullish as long Read more…
Palantir and Nvidia were among the top five winners of the Nasdaq 100 Index for 2024, up roughly 340% and 171%, respectively. The two companies are leaders in their industry. Nvidia focuses on artificial intelligence Read more…
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Dollar strengthened modestly following the latest ISM Manufacturing PMI, which indicated some stabilization in the US manufacturing sector toward the end of 2024. Despite the improvement, the sector continues to face challenges, with half of Read more…