As Wall Street reacts to the December PPI data, find the latest analysis on the first hour of trading live at 10:30 ET from the New York Stock Exchange. More on Today’s Top Stories: Retail Read more…
The Euro was underperforming yesterday after press reports that the ECB was planning to hike by 25bps in March. That’s quite a long time away, and it’s just a rumor. But it could have an Read more…
Markets The Bank of Japan stuck to its ultra-easy monetary policy this morning, pushing back against heavy market speculation that the central bank would take or at least announce further steps towards policy normalization. Japanese Read more…
The software giant is the latest tech company to drastically cut costs to adapt to the economic downturn. For the technology sector the focus at the beginning of 2023 looks much like that of the Read more…
US futures Dow futures +0.04% at 33926 S&P futures +0.2% at 3999 Nasdaq futures +0.3% at 11597 In Europe FTSE -0.01% at 7845 Dax +0.18% at 15200 Hawkish Fed bets ease after soft data US Read more…
The British pound is in full flight on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%. UK inflation slows UK inflation eased for a second straight month in December. Headline Read more…
Retail sales fell by 1.1% in December from a downwardly revised decline of 1.0% in November – below the consensus forecast for a -0.9% pullback. Motor vehicle & parts dealers reported a 1.2% m/m decline Read more…
Daily Pivots: (S1) 0.6945; (P) 0.6971; (R1) 0.7013; More… AUD/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rally from 0.6169 should target 61.8% projection of 0.6169 to 0.6892 Read more…
Daily Pivots: (S1) 0.8743; (P) 0.8815; (R1) 0.8852; More… EUR/GBP’s break of 0.8768 support and 38.2% retracement of 0.8545 to 0.8896 at 0.8762 now argues that whole rebound form 0.8545 has completed at 0.8996. Intraday Read more…
Daily Pivots: (S1) 0.9181; (P) 0.9228; (R1) 0.9269; More… USD/CHF’s decline resumed by breaking through 0.9165 today and intraday bias is back on the downside. Next target is 61.8% projection of 1.0146 to 0.9355 from Read more…