International Business Machines (IBM) – Get Free Report shares edged higher Wednesday ahead of the group’s fourth-quarter earnings, slated for after the close of trading, as investors look to a new AI outlook from the old-school Read more…
BoC kept overnight rate unchanged at 5.00% as widely expected. In the accompanying statement, BoC expressed that it’s “still concerned about risks to the outlook for inflation”, in particular the “persistence in underlying inflation”. The 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 Wednesday, January 24. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin – reporting Read more…
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Read more…
Eurozone data remains recessionary EURUSD rebounds after surveys Is it just a corrective rally? The data from the eurozone isn’t improving early in the new year, with the latest PMI surveys all remaining firmly in Read more…
Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. USD/CHF’s break of 0.8632 minor support suggests initial rejection by 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D EMA (now at 0.8686). Intraday Read more…
Daily Pivots: (S1) 147.34; (P) 148.02; (R1) 149.05; More… USD/JPY’s retreat from 148.79 extends lower today but stays well above 145.97 resistance turned support. Intraday bias remains neutral at this point, and further rally remains Read more…
Daily Pivots: (S1) 1.0812; (P) 1.0864; (R1) 1.0906; More… Intraday bias in EUR/USD is turned neutral with current recovery. On the upside, firm break of 1.0915 minor resistance will indicate short term bottom at 1.0821, Read more…
Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… Immediate focus is now on 1.2784 minor resistance in GBP/USD. Decisive break there will suggest that consolidation pattern from 1.2826 has completed. Further rise should be Read more…
Sterling rises notably against Euro and Dollar today, buoyed by encouraging UK PMI data that pointed to a strong start for the year with renewed growth momentum. More importantly, this data suggests that BoE might Read more…