Daily Pivots: (S1) 0.6276; (P) 0.6292; (R1) 0.6309; More… AUD/USD’s breach of 0.6252 minor support argues that corrective rebound from 0.6130 has completed at 0.6329 already. Intraday bias is now mildly on the downside for Read more…
Daily Pivots: (S1) 1.4337; (P) 1.4370; (R1) 1.4405; More… Range trading continues in USD/CAD and intraday bias remains neutral. Further rally is expected as long as 1.4260 support holds. On the upside, firm break of Read more…
Daily Pivots: (S1) 0.9421; (P) 0.9470; (R1) 0.9512; More…. Intraday bias in EUR/CHF stays neutral at this point. On the downside, firm break of 0.9242 support will indicate rejection by 38.2% retracement of 0.9928 to Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. With so many advances in personal electronics and streaming services, it Read more…
Daily Pivots: (S1) 191.98; (P) 193.31; (R1) 194.47; More… GBP/JPY recovered above 192.05 minor support and intraday bias stays neutral for the moment. Overall outlook is unchanged that corrective pattern from 180.00 might extend. On Read more…
The sharp selloff in equities sparked by AI competition concerns appears to have run its course for now. While NASDAQ dropped more than -3% yesterday, the selling pressure did not intensify as the session progressed. Read more…
Australia’s NAB Business Confidence showed slight improvement in December, rising from -3 to -2, but remains below the long-term average since early 2023. Business Conditions, on the other hand, posted a stronger gain, climbing from Read more…
SNB Chair Martin Schlegel said on Monday that while the central bank is reluctant to reintroduce negative interest rates, it cannot rule them out entirely. He stated, “negative interest rates have served their purpose, but Read more…
Markets China’s DeepSeek R1 AI model sparked risk-off across the board. It was yesterday’s main trading theme in absence of other major news. Trained at a significantly lower cost and with inferior chip technology, R1 Read more…
In focus today From the US, December durable goods orders and January consumer confidence index from Conference Board are due for release. We will follow the latter for gauging how consumers feel about the economy Read more…