Fed Governor Christopher Waller expressed growing confidence bring inflation down to target. He noted in a speech overnight that Fed is “within striking distance of achieving a sustainable level of 2 percent PCE inflation”. However, Read more…
In November, average pay growth in the UK slowed to 6.5%, down from 7.2% in the previous month, according to the Office for National Statistics. This decline suggests that inflationary pressures have weakened more than Read more…
Key Highlights GBP/USD is struggling to stay above the key 1.2620 support zone. It broke a major bullish trend line with support at 1.2685 on the 4-hour chart. EUR/USD is showing a few bearish signs Read more…
GBPAUD broke weekly down channel Likely to rise to resistance level 1.9265 GBPAUD currency pair recently broke the resistance trendline of the weekly down channel from last September. The breakout of this this down channel Read more…
USDCHF reversed from support level 0.8400 Likely to rise to resistance level 0.8700 USDCHF currency pair recently reversed up with the weekly Piercing Line from the key support level 0.8400. The support level 0.8400 was Read more…
Gold lost 0.8% on Tuesday to $2037 due to the impact of a rising dollar after policymakers in Davos flagged overly optimistic expectations for an interest rate easing cycle. Commentators are trying to find a Read more…
Crude oil prices fell in the fourth quarter due to weakening global economies, declining gasoline demand after Labor Day, and the typical fall swap to winter-grade gas, causing many to become bearish. However, oil prices Read more…
U.S. beer sales had a rollercoaster year in 2023, led by a huge drop in sales of Anheuser-Busch In-Bev’s (BUD) – Get Free Report Bud Light product after rock star Kid Rock in April 2023 called Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Tuesday, January 16th. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin, reporting from Read more…