Powell calms the markets Fears that the US economic expansion could be jeopardized by tighter monetary policy have been alleviated for now, as the Fed Chair Jerome Powell reassured investors that the central bank would Read more…
Consumer prices surged 7% last year, the biggest 12-month gain in 39 years. The Fed may raise rates as soon as March. And three hikes might not suffice. U.S. inflation continues to rage, with the Read more…
Consumer prices were up a solid 0.5% month-on-month (m/m) in December, slightly slower than November’s 0.8% jump, but a tenth higher than markets were expecting. That took the year-on-year (y/y) pace of inflation to 7% Read more…
Stock markets remain in positive territory on Wednesday after a reassuring appearance from the Chairman of the Federal Reserve and some inflation data. Jerome Powell put in a decent performance on Tuesday but sentiment is Read more…
Daily Pivots: (S1) 0.9219; (P) 0.9249; (R1) 0.9264; More…. USD/CHF’s break of 0.9199 support suggests that rebound form 0.9101 has completed at 0.9276. Intraday bias is turned back to the downside for 0.9084/9101 support zone. Read more…
Daily Pivots: (S1) 115.05; (P) 115.37; (R1) 115.60; More… USD/JPY is staying in consolidation from 116.34 and intraday bias remains neutral first. Downside of retreat should be contained well well above 114.26 resistance turned support Read more…
Daily Pivots: (S1) 1.3586; (P) 1.3611; (R1) 1.3661; More… GBP/USD’s rally from 1.3158 continues today and intraday bias remains on the upside. As noted before, corrective fall from 1.4282 should have completed with three waves Read more…
Analyst and investor enthusiasm for Apple’s prospects in the metaverse has helped push the stock to a record. Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report may be the company with half the Read more…
Daily Pivots: (S1) 1.1330; (P) 1.1352; (R1) 1.1392; More… EUR/USD finally breaks out of established range today and hits as high as 1.1414 so far. Intraday bias is now on the upside, and rebound from Read more…
Dollar tumbles broadly in early US session even though consumer inflation data hit multi-decade highs. The move could be seen as a result of clearing the risk of even worse inflation reading that could force Read more…