Cryptocurrencies
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0924; (P) 1.0944; (R1) 1.0968; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0904) holds. Above 1.0980 Read more…
Daily Pivots: (S1) 1.0924; (P) 1.0944; (R1) 1.0968; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0904) holds. Above 1.0980 Read more…
Super Micro Computer (SMCI) is movin’ on up. On Monday, the San Jose, Calif.-based tech company will be leaving the S&P MidCap 400 and heading over to the greener pasturers the S&P 500. And when Read more…
Daily Pivots: (S1) 1.2778; (P) 1.2794; (R1) 1.2814; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further rally will remain in favor as long as 55 4H EMA (now at 1.2764) holds. Read more…
Consolidative trading continues in the forex markets in general. There is little reaction to the batch of economic data released from there US. Comments from ECB officials were also largely ignored. For now, commodity currencies Read more…
Fast Facts Elon Musk canceled X’s commercial partnership with Don Lemon, hours after an interview between the two men. OpenAI’s CTO is not interested in speaking about Sora’s training data. SpaceX’s Starship is set to attempt a Read more…
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Updated at 8:59 AM EDT U.S. retail sales rebounded modestly last month, while producer price inflation ticked higher, suggesting the Federal Reserve’s path to early-summer rate cuts remains fraught with risks tied to the resilient Read more…
US initial jobless claims fell -1k to 209k in the week ending March 9, below expectation of 218k. Four-week moving average of initial claims fell -500 to 208k. Continuing claims rose 17k to 1811k in Read more…
US PPI rose 0.6% mom in February above expectation of 0.3% mom. PPI goods rose 1.2% while PPI services rose 0.3% mom. PPI ex-food, energy and trade services rose 0.4% mom. For the 12-month period, Read more…
US retail sales grew 0.6% mom to USD 700.7B in February, above expectation of 0.5% mom. Ex-auto sales rose 0.3% mom to USD 566.8B, below expecetation of 0.4% mom. Ex-gasoline sales rose 0.6% mom to Read more…