Daily Pivots: (S1) 0.8967; (P) 0.8982; (R1) 0.9010; More…. Intraday bias in USD/CHF stays neutral as range trading continues above 0.8952 temporary low. On the downside, below 0.8952 will target a test on 0.8886 support Read more…
Daily Pivots: (S1) 150.01; (P) 150.35; (R1) 150.77; More… USD/JPY’s rebound continues today but it’s still bounded in range of 148.79/151.69. Intraday bias stays neutral and outlook is unchanged. Further rally is expected as long Read more…
Warner Bros. Discovery WBD posted a wider-than-expected third quarter loss Wednesday as the impact of Hollywood strikes hit both the top and bottom lines of the entertainment and studio group. Warner Bros. said its adjusted loss for the Read more…
Eurozone retail sales decline by 2.9% The euro is down on Wednesday, after a two-day losing streak. In the European session, EUR/USD is trading at 1.0675, down 0.23%. Eurozone retail sales slide The eurozone economy Read more…
It’s a Thanksgiving tradition that’s almost as important as the turkey roasting in the oven: The Macy’s M Thanksgiving Day parade. Presented by the Macy’s department store for 97 years and counting, it’s the biggest parade on Read more…
Market Picture The crypto market cap added another 1.5% overnight to $1.34 trillion as the corrective reset quickly turned to buying. Bitcoin is up 2%, while Solana and Chainlink are up 6%. This pair also Read more…
Inflation expectations ease to a two-year low The New Zealand dollar is slightly lower on Wednesday. In the European session, NZD/USD is trading at 0.5924, down 0.19%. NZ inflation expectations dip New Zealand’s inflation rate Read more…
Rivian Automotive RIVN shares jumped higher in pre-market trading Wednesday after the EV truckmaker defied industry concerns for a pullback in demand with upgrade production rates and an improved profit forecast. Amazon-backed AMZN Rivian, which makes electrified Read more…
ECB Chief Economist Philip Lane indicated that although there is “some progress” in mitigating underlying inflationary, he is not fully convinced of the sufficiency of these efforts to date. “This is why we are in Read more…
ECB’s latest Consumer Expectations Survey has provided a snapshot of the current economic mood, characterized a heightened anticipation of inflation pressures in the near term juxtaposed with a more pessimistic outlook on economic growth. The Read more…