Daily Pivots: (S1) 1.2679; (P) 1.2711; (R1) 1.2740; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further Read more…
Dollar falls mildly in early US trading hours, following the release of core PCE inflation data which indicated a slightly sharper than expected slowdown. However, this weakness in Dollar is somewhat counterbalanced by unexpectedly robust Read more…
Updated at 9:03 AM EST The Federal Reserve’s preferred inflation gauge last month slowed to the lowest pace in nearly three years, although a big jump in consumer spending left at least some concern that Read more…
US personal income rose 0.3% mom or USD 60.0B in December, matched expectations. Personal spending rose 0.7% mom or USD 133.9B, above expectation of 0.4% mom. PCE price index rose 0.2% mom, matched expectations. Core Read more…
Intel (INTC) – Get Free Report shares moved sharply lower in early Friday trading after the chipmaker cautioned that slumping demand for its PC and server chips would clip near-term sales, clouding a stronger-than-expected fourth-quarter earnings Read more…
In the latest ECB Survey of Professional Forecasters for Q1 2024, inflation expectations have been revised downwards across all horizons. For the immediate years, headline HICP inflation is projected to decrease from 2.4% in 2024 Read more…
ECB Governing Council members Boris Vujcic and Gediminas Simkus have underscored the importance of a cautious approach to future interest rate reductions. In separate interviews occasions, both officials emphasized the need for patience in evaluating Read more…
Check back for updates throughout the trading day U.S. equity futures slipped lower Friday, potentially snapping a run of five consecutive record high closes on Wall Street, as investors looked to a key inflation reading Read more…
The Canadian Dollar faces a confluence of challenges, from the unexpected BoC stance on interest rates to mixed economic data and the traditionally impactful fluctuations in oil prices. As investors grapple with uncertainty regarding future Read more…
As artificial intelligence continues to grow, so do the calls to regulate the technology. Despite its potential for positive, numerous experts and legislators are raising concerns about the possible risks. Ian Bremmer, president and founder of The Read more…