Powell signals a rate hike in March The first FOMC meeting of 2022 was concluded on Wednesday, with the Fed Chair Jerome Powell setting the stage for a March rate hike, declining to rule out Read more…
Daily Pivots: (S1) 114.07; (P) 114.38; (R1) 114.99; More… USD/JPY’s break of 115.05 resistance suggests that pull back from 116.34 has already completed. The development also revives near term bullishness. Intraday bias is back on Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More…. USD/CHF’s break of 0.9276 resistance suggests that pull back from 0.8925 has completed already. Intraday bias is on the upside for 0.9372 first. Firm break there Read more…
Caesars plans to add another legendary brand to its lineup of Las Vegas Strip properties. The Las Vegas Strip has been ever-changing. Hotels come and go in a never-ending attempt to lure visitors in with Read more…
Daily Pivots: (S1) 1.3431; (P) 1.3478; (R1) 1.3511; More… Intraday bias in GBP/USD remains on the downside at this point. As noted before, rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger Read more…
Daily Pivots: (S1) 1.1216; (P) 1.1263; (R1) 1.1291; More… EUR/USD’s break of 1.1185 support confirms resumption of whole down trend from 1.2348. Intraday bias stays on the downside for 61.8% projection of 1.1908 to 1.1185 Read more…
Dollar’s strong post-FOMC rally is given another boost in early US session by much better than expected Q4 GDP data. Latest jobless claims figures also suggest stabilization from the impact of Omicron. But for now, Read more…
Home-improvement giant Lowe’s is teaming with Petco to open shops inside stores in a bid to lure in homebodies and their pandemic furry friends. Lowe’s (LOW) – Get Lowe’s Companies, Inc. Report is going to the Read more…
US initial jobless claims dropped -30k to 260k in the week ending January 22, matched expectations. Four-week moving average of initial claims rose 15k to 247k. Continuing claims rose 51k to 1675k in the week Read more…
US durable goods orders dropped -0.9% mom, or USD -2.4B to USD 267.6B in December, worse than expectation of -0.5%. Ex-transport orders rose 0.4% mom, above expectation of 0.5% mom. Ex-defense orders rose 0.1%. Transportation Read more…