US initial jobless claims rose 4k to 229k in the week ending May 20, below expectation of 253k. Four-week moving average of initial claims was unchanged at 232k. Continuing claims dropped -5k to 1794k in Read more…
The Euro extends fresh bear-leg after ending a brief consolidation and hit two-month low in European session on Thursday. Rising dollar on expectations that the Fed would remain in a hawkish mode and debt ceiling Read more…
Daily Pivots: (S1) 171.53; (P) 172.16; (R1) 173.10; More… No change in GBP/JPY’s outlook and further rise is expected with 171.26 minor support intact. Current rally should target 100% projection of 148.93 to 172.11 from Read more…
Daily Pivots: (S1) 171.53; (P) 172.16; (R1) 173.10; More… No change in GBP/JPY’s outlook and further rise is expected with 171.26 minor support intact. Current rally should target 100% projection of 148.93 to 172.11 from Read more…
Daily Pivots: (S1) 1.6315; (P) 1.6394; (R1) 1.6506; More… Intraday bias in EUR/AUD stays on the upside at this point. Pull back from 1.6785 should have completed at at 1.6134, after drawing support from 55 Read more…
Market movers today Today in the US, we have revised Q1 GDP data. It will also be interesting to see if initial jobless claims continue higher. The Swedish National Debt Office releases a new borrowing Read more…
Market movers today Today in the US, we have revised Q1 GDP data. It will also be interesting to see if initial jobless claims continue higher. The Swedish National Debt Office releases a new borrowing Read more…
Observations over the years reveal that hedge fund managers tend to extrapolate current trends of financial markets into the future — just like most Main Street investors. In other words, hedge fund managers are just Read more…
Atlanta Fed President Raphael Bostic recently made some forward-looking remarks on monetary policy in an interview with MarketPlace, stating that the likelihood of a rate cut before 2024 is low given the current inflation levels. Read more…