Daily Pivots: (S1) 154.68; (P) 155.28; (R1) 156.04; More… USD/JPY dips notably today but stays in range of 153.27/156.74. Intraday bias remains neutral at this point. On the upside, break of 156.74 will resume the Read more…
Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next Read more…
The Japanese yen has posted strong gains on Thursday. In the European session, USD/JPY is trading at 154.34, down 0.70% on the day. Ueda says rate decision will depend on data Bank of Japan Governor Read more…
US initial jobless claims fell -6k to 213k in the week ending November 16, below expectation of 220k. Four-week moving average of initial claims fell -4k to 218k. Continuing claims rose 36k to 1908k in Read more…
Richmond Fed President Tom Barkin told the Financial Times he would not “prejudge” the rate decision at the December meeting. He acknowledged the dual challenges of elevated inflation and labor market strains. “If you’ve got Read more…
Greek ECB Governing Council member Yannis Stournaras expressed strong support for further monetary easing, suggesting a rate cut at every meeting moving forward until the policy rate reaches the “neutral rate,” estimated at around 2%. Read more…
EUR/USD remains biased lower as near term action stays within extended consolidation range above 13-month low (1.0495), with the upside being capped by solid barriers at 1.0600 zone (former low of Apr 16 / Fibo Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Creating a stylish living room doesn’t have to be expensive. There Read more…
As shown in the XAU/USD chart, last Thursday, the price of gold dropped below $2,540. Today, however, the precious metal has surged above $2,660 per ounce. The more than 5% weekly increase was driven by Read more…
Nvidia shares slipped lower in early Thursday trading after the world’s biggest company posted another impressive set of quarterly earnings figures, tied to what it called “staggering” demand for its AI-powering chips, that was somewhat Read more…