The central bank torch will pass to the Bank of Japan next week. Even though the consensus is for no policy changes, the prospects for the yen have started to improve heading into a potentially Read more…
Here’s how to fight back against a tough economy. The Conference Board is predicting, with 96% certainty, the U.S. economy will fall into recession in 2023. That scenario has Americans anxious about their own financial Read more…
Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. Read more…
In a week dominated by central bank meetings, the end result was a more hawkish impression despite inflation data for November generally surprising to the downside. In the US, the Fed hiked by 50bp as Read more…
BoE raised rates yesterday by 50bp as expected, but speculators look towards the end of the hiking cycle due to recession risk which was highlighted by BoE’s Tenreyro & Dhingra. They said that 3% bank Read more…
Stocks are down substantially this year, even including indices which had a bit of a rally through the last month or so. There has been a split in trend, which is worthy of note. The Read more…
As the market looks to finish another busy week on the downside, catch the biggest stock stories live at 9:30 a.m. ET. Watch TheStreet’s Market Open: More on today’s top stories: Stock Market Live: Stocks Read more…
Daily Pivots: (S1) 1.0568; (P) 1.0652; (R1) 1.0711; More… EUR/USD is staying in consolidation from 1.0733 and intraday bias remains neutral. Further rally is expected as long as 1.0481 resistance turned support holds. Firm break Read more…
Daily Pivots: (S1) 0.9236; (P) 0.9276; (R1) 0.9326; More… Further decline is still expected in USD/CHF with 0.9378 resistance intact. Fall from 1.0146 would target 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056. Read more…
Daily Pivots: (S1) 135.97; (P) 137.07; (R1) 138.90; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 133.61 should extend higher to 142.24 resistance. On the downside, however, firm Read more…