Daily Pivots: (S1) 1.0692; (P) 1.0745; (R1) 1.0781; More… EUR/USD’s decline from 1.1032 short term top extends to 1.0685 so far. Intraday bias stays on the downside to 1.0482 support, which is close to 38.2% Read more…
Jerome Powell takes center stage in D.C. and in the markets today, while Bed Bath & Beyond attempts to raise capital. It’s a busy day for the markets, with Federal Reserve chairman Jerome Powell set Read more…
While Dollar is now the strongest one for the week, buying remains not too committed, except versus the weak Pound. The greenback is indeed mixed, awaiting more guidance from Fed Chair Jerome Powell’s speech. Yen Read more…
Daily Pivots: (S1) 1.1993; (P) 1.2035; (R1) 1.2064; More… GBP/USD’s fall from 1.2446 extends further to 1.1960 so far today. Intraday bias stays on the downside for 1.1840 support and possibly below. Nevertheless, such decline Read more…
US international trade deficit widened from USD -61.0B to USD -67.4B in December, smaller than expectation of USD -68.5B. Goods deficit widened by USD 7.4B to USD -90.6B. Services surplus widened to USD 1.0B to Read more…
Wall Street is set to open modestly lower Tuesday ahead of a key question-and-answer session from Fed Chair Jerome Powell later in the session. Updated at 8:42 am EST U.S. equity futures traded lower Tuesday, Read more…
Minneapolis Fed President Neel Kashkari told CNBC, “We have a job to do. We know that raising rates can put a lid on inflation. We need to raise rates aggressively to put a ceiling on Read more…
ECB Governing Council member Francois Villeroy de Galhau said the improved economic situation in Eurozone makes it easy to fight inflation with monetary policy. “I don’t think we have to choose between fighting inflation and Read more…
The billionaire was asked to provide Starlink to Turkey, which was struck by an earthquake that has killed more than 2,300 people. It’s becoming a habit. When a human or natural disaster occurs somewhere in Read more…
The US dollar’s sharp recovery has not shown any major signs of a reversal yet, and this is keeping precious metals under pressure. While gold eked out a small gain on Monday and was holding Read more…