Daily Pivots: (S1) 0.8767; (P) 0.8816; (R1) 0.8850; More…. USD/CHF recovers mildly in early US session as consolidation from 0.8885 continues. Intraday bias remains neutral first. Downside of retreat should be contained by 0.8727 resistance Read more…
Daily Pivots: (S1) 149.47; (P) 150.02; (R1) 150.50; More… USD/JPY recovers in early US sessions but stays in range below 150.87. Intraday bias remains neutral and more consolidation would be seen. But in case of Read more…
Dollar stages a notable recovery in the early US session, buoyed by stronger than expected January PPI figures. The highlight was PPI excluding foods, energy, and trade services, which saw its largest monthly increase in Read more…
The New Zealand dollar is drifting on Friday. In the European session, NZD/USD is trading at 0.6110, up 0.08%. Orr pushes back against rate cut expectations The Reserve Bank of New Zealand has made inflation Read more…
US PPI rose 0.3% mom in January above expectation of 0.1% mom. PPI goods declined -0.2% mom while PPI services rose 0.6% mom. PPI less foods, energy, and trade services rose 0.6% mom, the largest Read more…
Applied Materials (AMAT) shares powered higher in early Friday trading as analysts weighed in on the chip-equipment maker’s stronger-than-expected fiscal-first-quarter-earnings report, which underscored the long-term potential of AI-related demand. Advances in artificial intelligence are finding their Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher Friday, following on from a record high close for the S&P 500, as stocks reclaim their early-week losses and investors eye a Read more…
In a speech today, ECB Executive Board member Isabel Schnabel noted the role of “persistently low, and recently even negative, productivity growth” in exacerbating the inflationary pressures from the current strong growth in nominal wages. Read more…
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2578, down 0.17%. UK retail sales rebound with 3.4% gain UK retail sales were more than impressive, surging 3.4% Read more…
Natural gas futures reach pandemic lows Oversold signals present; confirmation above 1.65 Natural gas futures (March delivery) experienced another painful week, plummeting towards the pandemic floor of 1.50, which halted the 2014-2016 downtrend too. The Read more…