Markets: After yesterday’s US-driven decline in bond yields (poor US data), the market focus turned to ECB communication. ECB’s Knot, admittedly a member of the hawkish wing, set the tone by warning that the market Read more…
BTCUSD (Bitcoin) has been edging higher after breaking above its prolonged sideways pattern in early 2023. However, the king of cryptocurrencies is currently trading within a range as its rebound got rejected at the four-month Read more…
The cable and internet giant advertises one price, then tacks on a stack of mandatory extra fees. Imagine that when you leased a car, the dealer advertised a price of $199 a month but when Read more…
Cable keeps firm tone on Thursday, but holding within about 70-pips range, with little impact from today’s better than expected US data. Sterling was inflated on Wednesday by UK inflation data which showed persisting inflationary Read more…
Boston Fed President Susan Collins said, “I anticipate the need for further rate increases, likely to just above 5%, and then holding rates at that level for some time.” But she also added, “more measured rate Read more…
US futures Dow futures -0.84% at 32996 S&P futures -0.82% at 3894 Nasdaq futures -0.9% at 11302 In Europe FTSE -1.21% at 7731 Dax -1.88% at 14930 US jobless claims beat forecasts US stocks are Read more…
Daily Pivots: (S1) 127.13; (P) 129.35; (R1) 131.14; More… Intraday bias in USD/JPY remains neutral at this point. Outlook remains bearish with 133.61 support turned resistance intact. Break of 127.20 will resume larger fall from Read more…
Daily Pivots: (S1) 0.9086; (P) 0.9166; (R1) 0.9246; More… Intraday bias in USD/CHF stays on the downside for 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056. Sustained break there will pave the way Read more…
Daily Pivots: (S1) 1.2255; (P) 1.2345; (R1) 1.2436; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 1.2445 resistance will confirm resumption of whole rise from 1.0351. Next target Read more…
The first payment stemming from the $13 billion debt Musk took on to finance the Twitter deal is due soon. Will he pay or won’t he? This is the question everyone is asking currently regarding Read more…