Transcript: CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Investors are reacting to key inflation data – the personal consumption expenditures index was unchanged in Read more…
Personal income grew 0.5% month-on-month (m/m) in May, up from April’s 0.3% gain, and ahead of market expectations (0.4%). Accounting for inflation and taxes, real personal disposable was also up 0.5% m/m in May, relative Read more…
Daily Pivots: (S1) 1.0678; (P) 1.0703; (R1) 1.0728; More…. Intraday bias in EUR/USD stays neutral as sideway trading continues. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in Read more…
Daily Pivots: (S1) 1.2612; (P) 1.2641; (R1) 1.2670; More… Further decline is still expected in GBP/USD with 1.2702 resistance intact. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has Read more…
Daily Pivots: (S1) 0.8968; (P) 0.8979; (R1) 0.9000; More… Intraday bias in USD/CHF remains mildly on the upside at this point. Fall from 0.9223 could have completed a three-wave corrective move to 0.8825. Intraday bias Read more…
The Canadian economy bounced back in April, up 0.3% month-on-month (m/m). This print landed in line with Statistics Canada’s advanced guidance and market expectations. The flash estimate for May points to a slight advance of Read more…
Target (TGT) is going viral on TikTok for all the wrong reasons. A woman, who posted a video on the platform, is accusing the retail giant of being deceptive with the coupons it offers in Read more…
Daily Pivots: (S1) 160.43; (P) 160.63; (R1) 160.98; More… Intraday bias in USD/JPY is turned neutral again with current retreat. Some consolidations could be seen first and deeper pullback cannot be ruled out. But near Read more…
Dollar dips slightly in early US session, following the release of May’s PCE core inflation data. This Fed’s preferred measure of inflation indicated a continued, though modest, progress in disinflation. However, the financial market’s response Read more…
Canada’s GDP grew 0.3% mom in April, matched expectations. Both goods-producing (+0.3%) and services-producing (+0.3%) industries contributed to the growth with 15 of 20 sectors increasing in the month. Advance information indicates that real GDP rose 0.1% mom in May. Read more…