Market movers today This morning, focus turns to the release of UK monthly GDP figures for September and likewise the preliminary Q3 figure. Consensus expects the monthly figure at 0.0% m/m (down from 0.2% in Read more…
UK’s economy displayed unexpected resilience in today’s data releases, GDP figures surpassed market expectations both on a monthly and quarterly basis. In September, GDP grew by 0.2% mom, defying the stagnation prediction of 0.0% mom. Read more…
Daily Pivots: (S1) 0.6344; (P) 0.6387; (R1) 0.6409; More… AUD/USD’s steep decline now suggests that rebound from 0.6269 has completed at 0.6521. The development also indicates rejection by 0.6510 cluster resistance (38.2% retracement of 0.6894 Read more…
In today’s currency markets, Australian Dollar is notably weaker across the board, a development that comes as a surprise considering the hawkish tone of the latest RBA Statement on Monetary Policy. The statement, which leaned Read more…
AUDJPY has a higher high bullish sequence from 7.28.2023 low favoring further upside with 100% – 161.8% target towards 98.08 – 101.23. Short term, the rally from 10.3.2023 low is unfolding as a 5 waves Read more…
Key Highlights USD/JPY started a fresh increase from the 149.20 support. It broke a major bearish trend line with resistance near 150.00 on the 4-hour chart. EUR/USD recovered toward 1.0750 before it started a consolidation Read more…
The U.S. government is cracking down on digital discrimination in the broadband internet service industry, and internet providers aren’t too happy about it. AT&T, Verizon, Charter and Comcast, along with a few other service providers, Read more…
Tesla TSLA has enjoyed a historical run-up over the past decade, but that hasn’t kept it from becoming one of the biggest battleground stocks. Investors either love or hate CEO Elon Musk’s mercurial personality. Bulls view his Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Cold and flu season is here, which means now is the Read more…
RBA’s latest Statement on Monetary Policy presents a more hawkish picture than market observers anticipated, with upward revisions in both headline and underlying inflation projections, alongside stronger growth outlook. More importantly, these projections rest on Read more…