Personal income rose 0.6% month-on-month (m/m) in June, one tick above the consensus estimate and matching May’s pace. The gain was led by employee compensation of employees (+0.4% m/m) and proprietors’ income (+1.4% m/m). However, with inflation running hot – the PCE deflator rose 1.0% m/m in June – real disposable income fell 0.3% m/m. […]
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…