The Consumer Price Index (CPI) rose 0.1% month-on-month (m/m) in November, a tick above the consensus forecast and a modest uptick from October. On a twelve-month basis, headline inflation slipped to 3.1% (from 3.2%). Energy Read more…
Daily Pivots: (S1) 0.8770; (P) 0.8793; (R1) 0.8807; More…. Intraday bias in USD/CHF stays neutral at this point. Further rise remains in favor with 0.8727 minor support intact. Above 0.8819 will resume the rebound from Read more…
In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly Read more…
After securing record contracts with the Big Three Detroit automakers in October, the United Auto Workers union, keen to build upon its momentum, last month launched an organizing drive across 13 nonunioniz automakers. Union President Shawn Read more…
Elon Musk has become a divisive personality: Nobody questions his genius, but many have questioned his choices. Most recently, the owner of X, the former Twitter, has put the future of that brand in serious doubt Read more…
U.S. inflation pressures slowed again in November, but core price pressures held steady for a second month, potentially enabling the Federal Reserve to maintain its “higher-for-longer” interest-rate stance well into 2024. The headline consumer price Read more…
EURJPY pauses sharp downfall near 200-day SMA Oversold, but trend signals remain discouraging EURJPY turned oversold near its 200-day simple moving average (SMA) after a heavy bearish storm squeezed the pair from fifteen-year highs to a Read more…
The latest CPI data for US in November aligns closely with market expectations. CPI rose 0.1% mom while CPI core ex food and energy) rose 0.3% mom. Energy index down -2.3% mom, food index rose Read more…
Updated at 7:16 AM EST Oracle (ORCL) – Get Free Report shares moved sharply lower Tuesday after the cloud-focused enterprise-software group issued another tepid near-term sales forecast, citing increased competition and a pullback in enterprise spending offset Read more…
The UK labour market is cooling, showing an increase in claims from claimants. In addition, wage growth is slowing. The data provided further evidence that the UK economy has moved into a new phase of Read more…