EUR/USD is unchanged today after a nasty two-day slide, trading at 0.9792 in the European session. The euro flirted with the symbolic parity line on Wednesday, but then plunged 200 points. German retail sales underperforms Read more…
Daily Pivots: (S1) 0.9745; (P) 0.9835; (R1) 0.9883; More… Immediate focus is now on 0.9734 minor support in EUR/USD. Firm break there will argue that larger down trend is ready to resume through 0.9534. Next Read more…
Dollar rises broadly after US published another set of robust non-farm payroll job data. As Fed got a nod from the report for continuing its aggressive tightening, US stock futures are trading knocked down while Read more…
US non-farm payroll employment grew 263k in September, just slightly below expectation of 265k. Monthly job growth has averaged 420k in 2022, comparing with 562k in 2021. Unemployment rate rose dropped from 3.7% to 3.5%, Read more…
BoE Deputy Governor Dave Ramsden said in a speech that before the November MPC meeting, policymakers will be seeking answers to “a range of questions” to assess how quickly inflation will return to target. For Read more…
Stock futures mixed ahead of key jobs data that investors hope will provide more clues on whether the Fed will continue its inflation-fighting rate-hike campaign. Stock futures were mixed on Friday after posting declines for Read more…
Stock futures are down after the release of key jobs data as the slump that has plagued Wall Street goes into its third day. Stock were falling on Friday as Wall Street reacted to September’s Read more…
The EV maker currently markets four models but will add a fifth before the end of the year. It’s a hectic week that is about to end for Elon Musk. The charismatic and visionary CEO Read more…
According to ECB’s Consumer Expectations Survey (CES) in August, inflation expectations were largely unchanged comparing with July. Nevertheless, mean inflation expectations for the 12 month ahead dropped slightly, and could have peaked. Growth expectations also Read more…
GBPJPY is posting a bearish correction after the 11% gain and the rebound off the 26-month low of 148.80. Currently, the price is testing the 20- and 50-day simple moving averages (SMAs) and slightly lower Read more…