Kansas City Fed president Esther George said, “this is already a historically swift pace of rate increases for households and businesses to adapt to, and more abrupt changes in interest rates could create strains, either Read more…
The dollar index is making new highs, rising to 107.6 on Friday afternoon, and by the start of active trading in Europe, trading at 107.45. This is the highest rate since October 2002. The dollar Read more…
A rise in Treasury yields and solid US labor data on Friday boosted the dollar, which climbed against the basket of major currencies. The yen fell to a fresh 24-year low after Japan’s ruling coalition Read more…
WTI oil price eases on Monday, after last Thu/Fri strong recovery stalled on attempts through daily Tenkan-sen (104.55). Oil came under pressure on renewed demand concerns after China had discovered first cases of Omicron variant Read more…
GBP/USD is balancing at 1.1987 on Monday. The Pound Sterling remains under pressure despite a recent rebound caused by political news. British Prime Minister Boris Johnson resignation drama seems to be gathering pace – it’s Read more…
Costco CEO Craig Jelinek said a membership price increase is “not on the table” for the bulk-discount retailer. Costco (COST) – Get Costco Wholesale Corporation Report shares edged lower Monday after CEO Craig Jelinek said it’s Read more…
Find out who the front-runners are in the contest to become the next prime minister of the UK after Boris Johnson resigned. Boris Johnson resigns as prime minister Boris Johnson has resigned as prime minister Read more…
Daily Pivots: (S1) 1.0108; (P) 1.0150 (R1) 1.0227; More… EUR/USD’s fall resumes after brief consolidations. Intraday bias is back on the downside. Current down trend should target 100% projection of 1.1184 to 1.0348 from 1.0773 Read more…
Daily Pivots: (S1) 1.1951; (P) 1.2004; (R1) 1.2087; More… Intraday bias in GBP/USD remains neutral and more consolidation could be seen above 1.1874. Outlook remains bearish with 1.2405 resistance intact. On the downside, break of Read more…
Daily Pivots: (S1) 0.9727; (P) 0.9762; (R1) 0.9803; More… Intraday bias in USD/CHF stays on the upside for the moment. Consolidation pattern from 1.0063 should have completed with three waves down to 0.9493 already. Further Read more…