The euro has edged lower on Thursday. Early in the North American session, EUR/USD is trading at 1.0919, down 0.18% on the day. The euro hasn’t posted a losing day since July 9, gaining 1% Read more…
Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… USD/JPY’s fall from 161.94 is seen as correcting whole rally from 140.25. Deeper decline is expected as long as 158.85 resistance holds, to 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8790; (P) 0.8871; (R1) 0.8915; More… USD/CHF’s decline is still in progress and intraday bias stays on the downside. Fall from 0.9223 should target 60% retracement of 0.8332 to 0.9223 at 0.8672 Read more…
Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… A temporary top should be formed at 1.3043 as GBP/USD retreated after hitting rising channel resistance. Intraday bias is turned neutral for some consolidations first. Downside Read more…
Daily Pivots: (S1) 1.0907; (P) 1.0928; (R1) 1.0960; More…. Intraday bias in EUR/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.0947 temporary top. But downside should be contained by Read more…
Trading in the forex markets has been relatively subdued today. ECB’s decision to hold interest rates steady was widely expected, and President Christine Lagarde’s press conference did not introduce any significant new information. ECB’s accompanying Read more…
Netflix shares nudged higher Thursday ahead of the streaming group’s second-quarter earnings report, set for after the closing bell, with investors focused on the revenue impact of its new ad-supported offering. Netflix (NFLX) is Read more…
US initial jobless claims rose 20k to 243k in the week ending July 13, above expectation of 225k. Four-week moving average of initial claims rose 1k to 235k. Continuing claims rose 20k to 1867k in Read more…
ECB left interest rates unchanged as wildly expected. Interest rates on the marginal lending facility and the deposit facility are held at 4.25%, 4.50% and 3.75% respectively. In the accompanying statement, ECB noted that incoming Read more…
18 July 2024 The Governing Council today decided to keep the three key ECB interest rates unchanged. The incoming information broadly supports the Governing Council’s previous assessment of the medium-term inflation outlook. While some measures Read more…