New York Fed President John Williams told Bloomberg TV that a 50bps rate hike in May is a “reasonable option” because the “federal funds rate is very low”. He added, “we do need to move policy Read more…
Daily Pivots: (S1) 125.23; (P) 125.78; (R1) 126.20; More… Intraday bias in USD/JPY remains neutral for the moment but further rise is expected with 124.75 support holds. On the upside, sustained break of 125.85 will Read more…
Meta plans to take a big chunks sales made by its metaverse creators as fees. Life lesson for today: there ain’t no such thing as a free metaverse. Meta Platforms (FB) – Get Meta Platforms Read more…
Daily Pivots: (S1) 0.9322; (P) 0.9340; (R1) 0.9365; More…. USD/CHF’s strong rally and break of 0.9380 resistance suggests that correction from 0.9459 has completed with three waves down to 0.9193. Intraday bias is back on Read more…
Daily Pivots: (S1) 1.3021; (P) 1.3069; (R1) 1.3165; More… Intraday bias in GBP/USD remains neutral for the moment. Another fall will remain in favor as long as 1.3165 resistance holds. Break of 1.2971 will resume Read more…
Daily Pivots: (S1) 1.0836; (P) 1.0865 (R1) 1.0921; More… EUR/USD retreats sharply after failing to break through 1.0937 minor resistance. Intraday bias remains neutral first. On the downside, sustained break of 1.0805 low will resume Read more…
Euro is knocked down in early US session after ECB left interest rates unchanged. The central bank leaves the option to continue the asset purchases program after June, even though it will be concluded in Read more…
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB Frankfurt am Main, 14 April 2022 Good afternoon, the Vice-President and I welcome you to our press conference. Russia’s aggression towards Ukraine Read more…
US retail sales rose 0.5% mom to USD 665.7B in March, slightly below expectation of 0.5% mom. Ex-auto sales rose 1.1% mom, above expectation of 0.7% mom. Ex-gasoline sales dropped -0.3% mom. Ex-auto, ex-gasoline sales Read more…
US initial jobless claims rose 18k to 185k in the week ending April 9, above expectation of 175k. Four-week moving average of initial claims rose 2k to 172k. Continuing claims dropped -48k to 1475k in Read more…