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TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Chances are you already have a Read more…
The USD/JPY pair climbed to a nine-month high on Friday, approaching the key 154.00 level. The yen concluded October with losses of approximately 4%, marking a highly unsuccessful month. The currency’s decline was exacerbated by Read more…
Key insights from the week that was. In Australia, the long-awaited Q3 CPI printed materially above market expectations, both on a headline (1.3%qtr/3.2%yr) and trimmed mean (1.0%qtr/3.0%yr) basis. This does not look to be isolated Read more…
It will likely take more than one quarter to undo the shock of the September quarter CPI. Two cash rate cuts expected, in May and August; a later start would induce additional easing. As flagged Read more…
Markets Yesterday’s ECB meeting was a non-event that, if anything, further raised the bar for rate cuts as downside risks to growth abated. ECB president Lagarde was referring to the US-EU trade deal, the ceasefire Read more…
US markets fell yesterday as investors questioned the wave of higher AI spending pledged by Big Tech, even though every major name that reported this week beat lofty expectations on earnings, revenue and cloud growth. Read more…
In focus today In the euro area, flash inflation data for October is set to be released. Yesterday, inflation in Germany and Spain surprised to the upside, with headline inflation reaching 2.3% y/y and 3.2%, Read more…
Daily Pivots: (S1) 201.38; (P) 202.33; (R1) 203.65; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 204.22 will affirm near term bullishness and target 205.30 high next. Nevertheless, Read more…
Daily Pivots: (S1) 177.14; (P) 177.98; (R1) 179.14; More… Intraday bias in EUR/JPY stays on the upside for the moment. Current up trend should target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 Read more…