US Conference Board Consumer Confidence dropped from 107.8 to 102.5 in October, below expectation of 105.6. Present Situation index declined sharply from 150.2 to 138.9. Expectations index fell slightly from 79.5 to 78.1. “Consumer confidence Read more…
With the Japanese yen in freefall and direct FX intervention unable to stop the bleeding, the spotlight is squarely on the Bank of Japan’s upcoming meeting on Friday. While the central bank is expected to Read more…
What to expect from ECB rate decision How will EUR/USD and European stocks react to ECB decision Can the ECB surprise the markets Eurozone economy on its knees When is the ECB’s meeting The European Read more…
The pound has posted sharp gains today. In the European session, GBP/USD is trading at 1.1353, up 0.66%. Will Sunak be up to the job? Rashi Sunak is the new Prime Minister of the UK, Read more…
The consensus among analysts is that the BOC will raise rates another 75bps, leaving the target rate at 4.0%. Lately, Canada has been “leading” the Fed since its meetings are scheduled before its southern neighbor’s. Read more…
Daily Pivots: (S1) 146.49; (P) 148.10; (R1) 150.62; More… USD/JPY is staying in consolidation from 151.93 and intraday bias stays neutral. More consolidation would be seen for the near term. In case of another fall, Read more…
Daily Pivots: (S1) 0.9961; (P) 0.9996; (R1) 1.0047; More… Range trading continues in USD/CHF and intraday bias stays neutral first. Deeper retreat cannot be ruled out, but downside should be contained above 0.9799 support. On Read more…
Daily Pivots: (S1) 0.9821; (P) 0.9860; (R1) 0.9913; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, break of 0.9630 bring retest of 0.9534 first. Firm break there will resume Read more…
Catch the latest Wall Street news live at the market open as Adidas drops its partnership with Ye West, Rishi Sunak takes office and big tech prepares to report earnings. Watch TheStreet’s Market Open: More Read more…
Daily Pivots: (S1) 1.1222; (P) 1.1316; (R1) 1.1373; More… GBP/USD rises mildly today but stays inside range of 1.0922/1494. Intraday bias remains neutral for the moment. Further rally is in favor with 1.0922 minor support Read more…