The Facebook parent will also require proof of a Covid booster shot for all employees returning for in-person work. Tech giant Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report, formerly known as Read more…
Powell testimony in focus; Bundesbank’s new chief warns on inflation Markets are anticipating Fed Chair Jerome Powell’s renomination hearing in Congress later today, waiting to find out his current views on inflation ahead of the CPI Read more…
American Airlines said fourth quarter revenues would remain well below pre-pandemic levels, but should come in firmly ahead of their autumn forecasts. American Airline (AAL) – Get American Airlines Group, Inc. Report shares moved higher Tuesday Read more…
Daily Pivots: (S1) 1.1290; (P) 1.1325; (R1) 1.1366; More… EUR/USD is still bounded in sideway consolidation and intraday bias remains neutral. On the upside, sustained trading above 55 day EMA (now at 1.1385) will bring Read more…
Daily Pivots: (S1) 1.3541; (P) 1.3572; (R1) 1.3612; More… Intraday bias in GBP/USD is back on the upside as rise from 1.3158 extends, despite weak upside momentum. Corrective fall from 1.4248 could have completed with Read more…
Daily Pivots: (S1) 0.9214; (P) 0.9244; (R1) 0.9303; More…. Intraday bias in USD/CHF remains on the upside, as rise from 0.9101 is in progress for 0.9293 resistance. As noted before, with 0.9084 support intact, choppy Read more…
Daily Pivots: (S1) 114.89; (P) 115.37; (R1) 115.69; More… USD/JPY is staying in consolidation from 116.34 and intraday bias remains neutral. Downside of retreat should be contained well well above 114.26 resistance turned support to Read more…
Overall mood in the market is positive today, major European indexes and US futures trading up. The question is whether US stocks, in particular NASDAQ, could build on yesterday’s strong rebound for some more gains. Read more…
It continues to be quiet week for the euro, which is trading around 1.1340 in the European session. The currency markets are nervous and continue to be marked by range trading. For the euro, the Read more…
U.S. stocks are holding onto cautious early gains ahead of Fed Chairman Jerome Powell confirmation heading on Capitol Hill later this morning. U.S. equity futures nudged higher Tuesday, following on from the strongest late-session rally Read more…