Daily Pivots: (S1) 1.0706; (P) 1.0990; (R1) 1.1140; More… Break of 1.0844 minor resistance suggests that a temporary low is formed at 1.0351, ahead of 100% projection of 1.3748 to 1.1759 from 1.2292 at 1.0303. Read more…
Watch the latest news on the continued stock selloff, fresh housing data and Elon Musk’s Twitter deposition on TheStreet’s Market Open, Monday, September 26. Check back later for a full video transcript. TheStreet is live Read more…
Dollar is extending its broad-based rally today. But other positions are somewhat changing. Sterling is now recovering as traders take profit, while awaiting an unconfirmed statement from BoE. Euro is also paring some recent losses. Read more…
In the hearing of a European Parliament committee, ECB President Christine Lagarde said, “most measures of longer-term inflation expectations currently stand at around two per cent. However, signs of recent above-target revisions to some indicators Read more…
Last week, we said there has not yet been a final capitulation in many markets. However, we have seen such a capitulation in the pound, often followed by global market reversals. We could see both Read more…
USDJPY has been in a recovery mode since Thursday, just hours after it tumbled more than 500 pips due to the BoJ’s intervention. The pair triggered some buy orders near 140.35, and it has since Read more…
The dollar is consolidating under new 20-year high, hit in Asia on Monday, as Fed signaled it will maintain its hawkish stance and go for another large rate hikes, that makes the greenback attractive, while Read more…
With currency markets in turmoil, the dollar is riding fresh twenty year highs and piling more inflationary pressures on major global economies. U.S. equity futures deepened their recent declines Monday, while the dollar extended its Read more…
The Aussie Dollar started a fresh decline from the 0.6660 resistance zone against the US Dollar. The AUD/USD pair declined below the 0.6600 level to move into a bearish zone. There was a clear move Read more…
Britain’s new government said it will continue focusing on tax cuts and new borrowing to boost growth even as markets push the pound to a record low against the U.S. dollar. The British pound slumped Read more…