Markets The ECB kept its policy rates unchanged. A few members were already inclined to lower rates, but they eventually rallied behind the consensus. In it policy statement, the central bank altered its forward guidance Read more…
Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, April 11. Full Video Transcript Below: CAROLINE WOODS: I’m Caroline Woods reporting from Read more…
Daily Pivots: (S1) 152.09; (P) 152.66; (R1) 153.73; More… No change in USD/JPY’s outlook and intraday bias remains on the upside. Sustained break of 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03 will Read more…
Daily Pivots: (S1) 0.9051; (P) 0.9100; (R1) 0.9177; More…. As long as 0.8996 support holds, further rally is expected in USD/CHF. Current rise is part of the whole rally from 0.8332. Next target is 161.8% Read more…
Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target Read more…
Daily Pivots: (S1) 1.0692; (P) 1.0779; (R1) 1.0830; More… Intraday bias in EUR/USD remains on the downside at this point. Decisive break of 1.0694/0723 support zone will resume whole fall from 1.1138. Next target is Read more…
Euro weakens broadly following ECB’s decision to maintain interest rates unchanged, coupled with explicit suggestions of a potential rate cut ahead. However, selloff has been relatively mild, primarily because ECB’s statement didn’t serve as a Read more…
US PPI for final demand rose 0.2% mom in March, below expectation of 0.3% mom. PPI final demand services rose 0.3% mom while final demand goods fell -0.1% mom. For the 12-month period, PPI jumped Read more…
US initial jobless claims fell -11k to 211k in the week ending April 6, below expectation of 215k. Four week moving average of initial claims fell -250 to 214k. Continuing claims rose 28k to 1817k Read more…
ECB maintained its interest rates as widely expected, holding main refinancing rate and deposit rate at 4.50% and 4.00%. Most importantly, for the first time, the central bank explicitly indicated the possibility for future interest Read more…