Wall Street just lived through one of its wildest 48 hours of the year. On Wednesday, the Fed held rates steady at 3.50%-3.75%, but three FOMC members broke ranks to demand a hike—an unusually hawkish Read more…
Dow Jones Futures (YM) is pulling back to correct the cycle from the 45,430 low in wave 2. The Elliott Wave structure suggests that the index remains vulnerable to further downside in the near term, Read more…
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There will be no KBC Sunrise from Monday August 3 until Monday August 10. We resume our publication on Tuesday August 12. Markets Markets yesterday had plenty of data to keep an eye on. Despite Read more…
TL;DR: A weaker Dollar usually lifts Gold and Silver, but this week’s decline is being driven by fading Fed hike bets and a stock rally rather than falling real yields or safe-haven demand — leaving 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. Why we love this deal With summer here, you might be Read more…
Bank of Japan left its policy rate unchanged at 1.00%, as widely expected, but delivered a policy package that reinforced its gradual normalization message. The decision was approved by an 8-1 vote, with Takata Hajime Read more…
China’s manufacturing activity slipped back into contraction in July, suggesting the recovery seen during the second quarter has lost momentum. The official NBS Manufacturing PMI fell from 50.3 to 49.2, below market expectations of 49.9 Read more…
Japan’s industrial sector delivered another encouraging performance in June, while household spending showed signs of losing momentum. Industrial production rose 1.3% m/m, accelerating from 0.1% in May and comfortably beating expectations of 0.7%. It marked Read more…
Tokyo inflation accelerated more than expected in July, offering fresh evidence that underlying price pressures remain resilient ahead of the Bank of Japan’s policy decision later today. Headline consumer inflation rose from 1.7% to 2.0% Read more…