Headline CPI inflation jumped up to 2.4% year-on-year (y/y) in March, slightly less than consensus expectations. Higher energy prices were a big part of the story, with inflation ex-energy up a more modest 2.2% y/y. Read more…
Daily Pivots: (S1) 1.1733; (P) 1.1792; (R1) 1.1823; More…. EUR/USD is still extending consolidations below 1.1848 and intraday bias remains neutral. Further rally is in favor as long as 1.1662 support holds. On the upside, Read more…
Daily Pivots: (S1) 1.3480; (P) 1.3540; (R1) 1.3575; More… GBP/USD is still extending consolidations below 1.3598 and intraday bias remains neutral. Further rise is in favor as long as 1.3379 support holds. Sustained break of Read more…
Daily Pivots: (S1) 157.63; (P) 158.58; (R1) 159.56; More… Intraday bias in USD/JPY remains neutral at this point, as consolidations continue below 160.45 short term top. Further rise is expected with 157.49 cluster support (38.2% Read more…
Your pain at the pump may finally be easing, but not as quickly as many had hoped. You can feel it every time you pull in to fill up. Prices aren’t surging like they were Read more…
Daily Pivots: (S1) 0.7780; (P) 0.7811; (R1) 0.7847; More…. USD/CHF is staying consolidations above 0.7774 temporary low and intraday bias remains neutral. Upside of recovery should be limited below 0.7933 resistance to bring another fall. Read more…
Arvind Krishna is sending a clear message on the next phase of the artificial intelligence race. The chief of International Business Machines (IBM) said that the bigger risk for companies right now isn’t moving too Read more…
Markets are broadly steady today as traders hold back from taking directional positions, waiting for clarity on whether a second round of US–Iran talks will take place in Islamabad before the April 22 ceasefire deadline. Read more…
A familiar name in retail is quietly reshaping its footprint, closing stores, slowing expansion, and rethinking how it connects with customers in a rapidly changing shopping environment. This isn’t a reaction to a single weak Read more…
It was just weeks ago when the market bears had their happy moment in the sun. A big chunk of the stock market felt like it was falling apart. Headlines were heavy, everyone was fearful, Read more…