Markets At last! At last a below-consensus US inflation number. At last a below-consensus US inflation number at the right time, coming on the heels of last week’s Fed meeting. Recall how markets initially interpreted Read more…
BTCUSD (Bitcoin) has fallen sharply in the last couple of sessions on news that one of the largest crypto exchanges, FTX, is on the brink of default. The king of cryptocurrencies recorded a fresh two-year low of 15,620 before Read more…
Two days after the close of the polls in the US, and officially which party has won control of the Congress is still not known. However, given the trends and projections, the results are pretty Read more…
US futures Dow futures +2.35% at 33270 S&P futures +3.6% at 3868 Nasdaq futures +4.2% at 11252 In Europe FTSE +0.9% at 7285 Dax +2.41% at 14000 Inflation & core inflation fall US stocks are Read more…
Consumer price inflation increased by 0.4% month-on-month (m/m) in October, matching the gain in September. On a year-over-year (y/y) basis, headline inflation edged lower by 0.5 percentage points (pp) from September, slowing to 7.7%. Energy Read more…
Daily Pivots: (S1) 0.6390; (P) 0.6456; (R1) 0.6497; More… Break of 0.6550 resistance indicate resumption of rise from 0.6169. Intraday bias is back on the upside. Sustained trading above 55 day EMA will be a Read more…
Daily Pivots: (S1) 1.3444; (P) 1.3493; (R1) 1.3575; More…. USD/CAD’s decline from 1.3976 resumed after brief recovery and intraday bias is back on the downside. Strong support should be seen at 1.3207 cluster support (61.8% Read more…
Daily Pivots: (S1) 145.45; (P) 146.12; (R1) 147.07; More… USD/JPY’s decline from 151.93 accelerated lower today Break of 38.2% retracement of 130.38 to 151.93 at 143.69 argues that fall form 151.93 is correcting larger up Read more…
As markets soar on a softer than expected read on the consumer price index, here’s why we’re keeping a close eye on FTX and more changes at Twitter. Watch TheStreet’s Market Open: More on Today’s Read more…
Daily Pivots: (S1) 0.9802; (P) 0.9838; (R1) 0.9876; More… USD/CHF’s fall from 1.0146 accelerates lower today and intraday bias stays on the downside. Next target is 61.8% retracement of 0.9369 to 1.0146 at 0.9666. Sustained Read more…