For generations, Americans have loved going to Italy to eat pasta and gelato, roam through cobblestone streets, take in art from different periods at the country’s endless museums and toss a coin into Rome’s Trevi Read more…
Dollar shines after inflation surprise, awaits latest Fed minutes In Europe, business surveys will be crucial for euro and sterling Canadian and Australian data releases also on the agenda Fired up dollar turns to FOMC Read more…
The first Canadian inflation reading of 2024 out next Tuesday should edge lower on falling energy prices and slower food price growth. We expect the consumer price index to rise 3.2% year-over-year, lower than 3.4% Read more…
The overall theme for markets this week continued to be the scaling back of expectations of rate cuts especially in the US as the economy looks stronger, and inflation higher, than expected. However, the change Read more…
Markets This week’s market story was all about US price data which dashed investors hope on a May Fed policy rate cut. January CPI delivered the first and biggest blow on Tuesday by unexpectedly accelerating Read more…
The past year has been brutal for both traditional and disruptive retail brands. A number of companies simply never recovered from the covid-pandemic-era shutdowns, while others saw orders pull forward during that period, leaving them Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, February 16. Related: Beloved Warren Buffett company takes on a surprising new Read more…
The Las Vegas Strip smells like a 1980s Grateful Dead concert. That’s because Nevada legalized cannabis without providing any place to legally consume it. Under current law dispensaries are plentiful. They can’t be located within Read more…
Daily Pivots: (S1) 1.0737; (P) 1.0761; (R1) 1.0797; More… EUR/USD dips mildly in early US session as consolidation from 1.0694 extends. Intraday bias remains neutral and outlook stays bearish with 1.0804 resistance intact. Below 1.0694 Read more…
Daily Pivots: (S1) 1.2561; (P) 1.2581; (R1) 1.2621; More… Range trading continues in GBP/USD and intraday bias stays neutral. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday Read more…