Another decline in the Fed’s preferred inflation gauge, alongside Chairman Jerome Powell’s recent dovish tilt, has stocks moving higher again Thursday. U.S. equity futures turned higher Thursday, following on from one of the strongest rallies Read more…
Daily Pivots: (S1) 1.1944; (P) 1.2015; (R1) 1.2130; More… GBP/USD’s rally resumed by breaking 1.2152 and intraday bias is back on the upside. Current rise from 1.0351 should target 100% projection of 1.0351 to 1.1494 Read more…
Dollar’s selloff picks up momentum in early US session after PCE inflation slowed more than expected in October, while core PCE also declined. The data give a nod to Fed Chair Jerome Powell’s comment that Read more…
Further slowing in the Fed’s preferred inflation gauge is adding heft to Chairman Jerome Powell’s signals of smaller rate hikes. The Federal Reserve‘s preferred measure of U.S. inflation slowed again in October, data published Thursday Read more…
US initial jobless claims dropped -16k to 225k in the week ending November 26, below expectation of 245k. Four-week moving average of initial claims rose 2k to 229k. Continuing claims rose 57k to 1608k in Read more…
US personal income rose 0.7% mom to USD 155.3B in October, above expectation of 0.4% mom. Personal spending rose 0.8% mom to USD 147.9B, matched expectations. For the month, PCE price index rose 0.3% mom, Read more…
An iconic cruise line brand is offering “Heritage Cruises” as it relives its past and shares it with passengers. Founded in 1873, Holland America observes its 150th anniversary this season. And it’s offering passengers a Read more…
“We believe the majority of these and other gross margin pressures are largely temporary, and we are confident in our plans to drive greater supply chain efficiencies moving forward,’ said CEO Jeff Owen. Dollar General Read more…
Silver staged an exciting rally to re-enter the 22.00 region on the back of Powell’s dovish tone on Wednesday. The 50% Fibonacci retracement of the 26.93-17.54 downtrend at 22.25 is again under the spotlight, pushing Read more…
The US 30 cash index posted a notable bullish day yesterday, jumping above a key level of 34,280, adding to the optimism for further positive movements. The index hit a fresh more-than-seven-month high of 34,600; Read more…