As expected, the ECB kept rates unchanged and did not provide new guidance. At the press conference, President Lagarde said that she stands by her earlier comments that rate cuts could come in the summer. Read more…
The Euro rose to the upper side of near-term congestion on Friday, after hitting new marginally lower low of larger downtrend from 1.1139 (Dec 28 peak). Today’s bounce points to still strong bids, although without Read more…
Markets European bond markets still opened stronger in the wake of yesterday’s unconvincing press conference by ECB President Lagarde. The move lacked momentum though with first individual ECB members sounding more hawkish than Lagarde did. 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, January 26. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin – reporting Read more…
The big airlines generally think bottom line over customers. That’s gotten worse in recent years as new airfare classes have been created and strip away things that used to be included. That attitude created a Read more…
Personal income grew 0.3% month-on-month (m/m) in December, a small step down from November’s 0.4% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.1% m/m, a Read more…
GBPUSD picks up steam, heads towards important resistance Technical signals improve, but market structure is still neutral GBPUSD has been trading with stronger positive momentum over the past couple of hours, aiming to reach July’s Read more…
The British pound is higher on Friday. In the North American session, GBP/USD is trading at 1.2751, up 0.34%. UK consumer confidence rises The UK consumer remains in a sour mood but the pessimism eased Read more…
Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY stays neutral, as consolidation from 148.79 is extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, Read more…
Daily Pivots: (S1) 0.8636; (P) 0.8661; (R1) 0.8695; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there Read more…