BoE MPC member Catherine Mann said in a speech that the key topics for her for the May meeting was on “how much and when the expected consumption drag (from high energy inflation) materialises”. And, Read more…
Musk says he has $46.5 billion in funding to buy Twitter, but notes the board has yet to respond to his unsolicited take-private proposal. Twitter (TWTR) – Get Twitter, Inc. Report shares moved lower Thursday after Read more…
Investors have welcomed Macron’s performance in the French election debate, while Ukraine conflict is no longer having the same impact on asset prices Risk ON fuels EU stocks rally Euro gains on hawkish ECB commentary Read more…
Daily Pivots: (S1) 127.09; (P) 128.24; (R1) 129.03; More… USD/JPY is staying in consolidation from 129.39 and intraday bias remains neutral first. Deeper retreat cannot be ruled out but downside should be contained above 125.09 Read more…
Daily Pivots: (S1) 0.9447; (P) 0.9492; (R1) 0.9528; More…. USD/CHF is staying in consolidation from 0.9535 and intraday bias remains neutral. Deeper retreat could be seen but downside should be contained by 0.9372 resistance turned Read more…
Daily Pivots: (S1) 1.3017; (P) 1.3044; (R1) 1.3096; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2971 is still extending. Outlook is unchanged that further fall is expected with 1.3165 resistance intact. On Read more…
Daily Pivots: (S1) 1.0804; (P) 1.0835 (R1) 1.0887; More… EUR/USD breached 1.0922 earlier today but quickly retreated. Intraday bias remains neutral for the moment. On the upside, firm break of 1.0922 should confirm short term Read more…
Euro rebounds strongly today as some ECB policymakers continued to talk up the chance of a July rate hike. Canadian Dollar is following as second strongest, continuing to be supported by strong inflation data. Dollar Read more…
Stocks rise, boosted by upbeat corporate earnings. Tesla drives higher on record profits. US futures Dow futures +0.71 % at 35404 S&P futures +0.82% at 4497 Nasdaq futures +1.1% at 14167 In Europe FTSE +0.4% Read more…
US initial jobless claims dropped -2k to 184k in the week ending April 16, above expectation of 177k. Four-week moving average of initial claims rose 4.5k to 177k. Continuing claims dropped -58k to 1417k in Read more…