Updated at 9:53 am EDT Rupert Murdoch, perhaps the most important media owner of his generation, will step down as chairman of Fox, the company he founded nearly seven decades ago, later this year. Murdoch Read more…
Daily Pivots: (S1) 147.76; (P) 148.06; (R1) 148.65; More… Further rise is mildly in favor in USD/JPY as long as 147.49 minor support intact. Current rally would target 151.93 high. However, break of 147.49 will Read more…
Daily Pivots: (S1) 1.0628; (P) 1.0683; (R1) 1.0715; More… Intraday bias in EUR/USD remains on the downside for the moment. Sustained break of 1.0609/34 support zone will carry larger bearish implication. Fall from 1.1274 should Read more…
SNB surprises and holds interest rates Fed delivers a ‘hawkish hold’ The Swiss franc has fallen sharply on Thursday. In the European session, USD/CHF is trading at 0.9060, up 0.80%. Earlier, USD/CHF hit a high Read more…
The Swiss National Bank left its key interest rate unchanged at 1.75%. On average, markets had been predicting a 25-basis point hike, contrary to our expectations. Most likely, market participants’ forecasts were influenced by the Read more…
Daily Pivots: (S1) 1.2310; (P) 1.2366; (R1) 1.2399; More… GBP/USD falls to as low as 1.2232 so far today and intraday bias stays on the downside. 100% projection of 1.3141 to 1.2618 from 1.2799 at Read more…
The currency markets faced significant shifts today, notably with Sterling and Swiss Franc, which are enduring considerable selloffs. Both BoE and SNB opted to maintain their current interest rates, prompting speculation that these institutions might Read more…
US initial jobless claims fell -20k to 201k in the week ending September 16, well below expectation of 222k. Four-week moving average of initial claims dropped -8k to 217k. Continuing claims fell -21k to 1662 Read more…
We’re certainly seeing plenty of different approaches from central banks as they wrap up their tightening cycles, with the Bank of England today surprising with a hold while not adopting a particularly hawkish tone alongside Read more…
Updated at 8:20 am EDT Splunk (SPLK) – Get Free Report shares surged on the Nasdaq Thursday after the AI and data-focused cloud computing group agreed to a $28 billion takeover by Cisco Systems (CSCO) – Get Read more…