Daily Pivots: (S1) 165.15; (P) 166.18; (R1) 167.34; More… GBP?JPY’s rally continues today and intraday bias stays on the upside for 169.10. Firm break there will target 61.8% projection of 148.93 to 165.69 from 159.71 Read more…
Sterling is trading as the strongest one for today so far, even though there is not clear follow through buying except versus Yen. The Pound is supported by UK Finance Minister Jeremy Hunt’s decision that Read more…
US Empire State Manufacturing index dropped sharply from 1.5 to -9.1 in October. 23% of respondents reported that conditions had improved while 32% said worsened. After falling significantly over the prior three months, the prices Read more…
Bond market volatility eased overnight as Britain backed away from its controversial tax and borrowing plans, giving Wall Street a firm leg up heading into a busy earnings week. U.S. equity futures moved firmly higher Read more…
“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” said CEO Brian Moynihan. Bank of America (BAC) – Get Bank of America Corporation Report posted better-than-expected Read more…
In the carbon offset market, a pricing benchmark has proven elusive. Futures contracts with surging trading volume could be the answer. Fixing a price on carbon is the Everest of challenges in the effort to Read more…
News Corp shares got a late Friday boost from plans to potentially rejoin Fox Corp under a new media company lead by Rupert Murdoch. News Corp (NWSA) – Get News Corporation Report shares are set for Read more…
COT data is very important for gold as it’s tracked closely by a lot investors and speculators, especially for a longer-term approach. Looking at the Non-Commercials or Large Speculators, we can see that those are Read more…
WTI oil remains under pressure at the beginning of the week, following Friday’s 4% drop (the biggest one-day loss since Sep 23) and continuing to pressure pivotal support at $84.92 (daily Kijun-sen/50% retracement of $76.25/$93.60 Read more…
Stock futures higher as bond market volatility eases; Week Ahead: Earnings and housing data in focus; News Corp shares leap on plans to re-combine with Fox; Bank of America shares higher ahead of Q3 earnings Read more…