Daily Pivots: (S1) 1.0852; (P) 1.0891; (R1) 1.0931; More… Further rise is still expected in EUR/USD with 1.0765 support intact. Above 1.0928 will resume larger rise to 61.8% projection of 0.9630 to 1.0733 from 1.0482 Read more…
The January Flash PMIs painted a somewhat less negative growth outlook, reflecting lower energy prices and generally easing financial conditions. Both manufacturing and services indices recovered in the euro area, bringing the composite index above Read more…
With lingering questions on how much of an impact China’s reopening will have on the global economy, there’s likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, Read more…
Intel’s grim December quarter, and weak near-term outlook, is holding down tech stocks Friday as traders look to build gains from last night’s rally. Updated at 9:38 am EST U.S. stocks edged lower Friday, with Read more…
Daily Pivots: (S1) 1.2360; (P) 1.2396; (R1) 1.2446; More… GBP/USD is still gyrating in very tight range and intraday bias remains neutral. On the downside, firm break of 1.2252 minor support will turn bias to Read more…
The markets are steady after US data showed further cooling in headline and core PCE inflation. While the decline in Dollar has been slowing somewhat, there is no committed buying for a sustainable rebound. The Read more…
The PlayStation 5 version of God of War Ragnarök is on sale for just $47.99. | Image: Santa Monica Studio Winter is an ideal time for many things — gaming included. And if you’re currently Read more…
Personal spending fell most than expected in December, according to data from the Fed’s preferred inflation gauge, helping price pressure ease over the final month of the year. The Federal Reserve‘s preferred measure of U.S. Read more…
US personal income rose 0.2% mom or USD 49.5B in December, matched expectations. Spending dropped -0.2% mom or USD -41.6B. PCE price index rose 0.1% mom while core PCE price index (excluding food and energy) Read more…
“Our performance to date and the opportunities ahead position us well to deliver on our longer-term growth plan for double-digit annual revenue growth and mid-teens EPS growth,” said CEO Stephen Squeri. American Express (AXP) – Read more…