Markets The Japanese Cabinet Office downgraded its growth assessment for the first time since November in today’s monthly report. Weakness in private consumption and production are to blame. The economic recovery is likely to remain Read more…
Daily Pivots: (S1) 1.0767; (P) 1.0803; (R1) 1.0844; More… EUR/USD’s rebound from 1.0694 is still in progress and intraday bias stays mildly on the upside. Sustained trading above above 55 D EMA (now at 1.0832) Read more…
Daily Pivots: (S1) 1.2578; (P) 1.2623; (R1) 1.2668; More… Outlook in GBP/USD is unchanged as range trading continues. Intraday bias stays neutral at this point. On the upside, break of 1.2691 resistance will indicate that Read more…
Daily Pivots: (S1) 149.65; (P) 150.04; (R1) 150.40; More… No change in USD/JPY’s outlook as consolidation from 150.87 is still in progress. Intraday bias remains neutral at this point. In case of another retreat, downside Read more…
The damage from the covid pandemic continues to wreak havoc on companies that had otherwise been successful. In retail, that effect was obvious. People could not/did not shop at certain types of stores for many Read more…
Good morning and welcome to Tech News Now, TheStreet’s daily tech rundown. In today’s edition, we’re covering Wall Street’s harsh reaction to Palo Alto Networks’ Tuesday earnings, a new open letter calling for strong deepfake Read more…
Daily Pivots: (S1) 0.8791; (P) 0.8814; (R1) 0.8843; More…. USD/CHF dips mildly today but stays in range of 0.8727/8884. Intraday bias remains neutral and more consolidations could be seen. With 0.8727 resistance turned support intact, Read more…
Trading activity is relatively subdued today, with most major currency pairs and crosses hovering within the previous day’s range. Australian and New Zealand Dollars are showing some resilience, maintaining their position as the firmer currencies, Read more…
Richmond Fed President Thomas Barkin characterized the stronger-than-expected inflation data for January as a significant challenge. At an interview, Barkin acknowledged that the recent date “definitely did not make things easier” for Fed. Instead, “it Read more…
In American business, you can feel good if your company is successful. Jeff Bezos, who founded Amazon.com (AMZN) in 1994, does. You can feel better if your successful company joins the Nasdaq-100 Index and the Read more…