Earnings season is now in full swing, with mega-cap tech giants Microsoft (MSFT) – Get Free Report and Google (GOOGL) – Get Free Report having simultaneously reported third-quarter earnings after the bell Tuesday. Despite Google 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…
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, October 24. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin – Read more…
Daily Pivots: (S1) 1.0551; (P) 1.0623; (R1) 1.0662; More… Intraday bias in EUR/USD is remains neutral and outlook is unchanged. On the upside, above 1.0693 will resume the rebound from 1.0447 to 1.0764 cluster resistance Read more…
Daily Pivots: (S1) 1.2113; (P) 1.2201; (R1) 1.2249; More No change in GBP/USD’s outlook as consolidation from 1.2036 is extending. Downside breakout is still mildly in favor. On the downside, decisive break of 1.2036 will Read more…
U.S. mortgage rates neared the 8% mark last week, an industry lobby group said Wednesday, taking home borrowing costs to a fresh 23-year high, as the bond market meltdown continues to influence consumer demand across a Read more…
Daily Pivots: (S1) 0.8895; (P) 0.8924; (R1) 0.8960; More…. USD/CHF is extending the consolidation from 0.8886 and intraday bias remains neutral. Further decline is expected as long as 0.9000 resistance holds. Below 0.8886 will resume Read more…
Daily Pivots: (S1) 149.51; (P) 149.72; (R1) 150.12; More… USD/JPY is still extending the consolidation from 150.15 and intraday bias stays neutral. On the downside, below 148.94 minor support will turn bias to the downside Read more…
The White House is on a mission to cut what it calls credit card “junk fees” out of circulation, but some business leaders say the legislation goes too far. On October 11, President Biden presided Read more…
Australian inflation surprised on the upside, reigniting expectations of another rate hike as early as November. However, the Aussie could not enjoy the buying momentum for long as the US dollar strengthened. In the third Read more…