Daily Pivots: (S1) 0.9314; (P) 0.9341; (R1) 0.9376; More…. Intraday bias in EUR/CHF stays neutral first. On the downside, break of 0.9303 will revive the case that triangle consolidation pattern 0.9305 has already completed. Intraday Read more…
Euro continues to trade on the softer side in an otherwise directionless market. Yet it’s holding above its low against Dollar, lacking sufficient momentum for a decisive breakout. Market participants and ECB policymakers are grappling Read more…
Key Highlights AUD/USD extended losses and tested the 0.6440 support. It recovered above a connecting bearish trend line with resistance at 0.6480 on the 4-hour chart. Bitcoin extended gains and traded to a new all-time Read more…
Stanley Druckenmiller’s basket is missing a golden egg. You may remember that the billion investor caused a bit of stir not too long ago when he revealed that he had reduced his position in AI Read more…
We have revised our view of the most likely scenario for the path of the RBA’s cash rate, pushing out the start date of the rate-cutting cycle from February to May, but more front-loaded than Read more…
Boston Fed President Susan Collins stated in a speech that “additional policy easing is needed” as monetary policy remains “at least somewhat restrictive.” She acknowledged that the “final destination” of policy adjustments is “uncertain”, and Read more…
Fed Governor Lisa Cook said in a speech that the US economy is in a “good position”. She remains “confident” that inflation is moving sustainably toward Fed’s 2% objective, while acknowledging that the path may Read more…
After a rough year marred by negative news about how easy its cars were to steal, South Korean automaker Hyundai and its sister brand Kia have been recovering from their negative reputation and moving towards Read more…
Although the nation has been hit with various challenges, like the uncertain state of a constantly evolving economy, inflation, the U.S. port strikes, and two devastating hurricanes, Walmart still prevailed in its most recent quarter Read more…
Fed Governor Michelle Bowman expressed concerns over the recent slowdown in inflation reduction efforts, emphasizing that while there has been “considerable progress in lowering inflation since early 2023,” this progress “seems to have stalled in Read more…