Daily Pivots: (S1) 0.9214; (P) 0.9244; (R1) 0.9303; More…. Intraday bias in USD/CHF remains on the upside, as rise from 0.9101 is in progress for 0.9293 resistance. As noted before, with 0.9084 support intact, choppy Read more…
Daily Pivots: (S1) 114.89; (P) 115.37; (R1) 115.69; More… USD/JPY is staying in consolidation from 116.34 and intraday bias remains neutral. Downside of retreat should be contained well well above 114.26 resistance turned support to Read more…
Overall mood in the market is positive today, major European indexes and US futures trading up. The question is whether US stocks, in particular NASDAQ, could build on yesterday’s strong rebound for some more gains. Read more…
It continues to be quiet week for the euro, which is trading around 1.1340 in the European session. The currency markets are nervous and continue to be marked by range trading. For the euro, the Read more…
U.S. stocks are holding onto cautious early gains ahead of Fed Chairman Jerome Powell confirmation heading on Capitol Hill later this morning. U.S. equity futures nudged higher Tuesday, following on from the strongest late-session rally Read more…
The debate over cryptocurrencies and their inherent value rages on as bitcoin loses 40% of its value since touching an all-time high of $67,553.95 on November 8. They say something is only worth what someone Read more…
Data center demand, blue-chip clients and the $35 billion takeover of Xilinx should drive meaningful gains for AMD this year, KeyBanc analysts said Tuesday. Advanced Micro Devices (AMD) – Get Advanced Micro Devices, Inc. Report shares Read more…
Atlanta Fed President Raphael Bostic said today, “there is a risk inflation is likely to be elevated for an extended period of time and we need to respond directly, clearly and aggressively.” “If things continue Read more…
New Bundesbank President Joachim Nagel said in his swearing in ceremony, “it’s true that high inflation rates can be attributed to special effects that expire automatically. But not entirely. I see a danger that inflation Read more…
Nasdaq out of correction territory following late-session rally Asia mixed amid China lockdowns, but European stocks and US futures up Powell testimony eyed as March rate hike speculation intensifies Dip buyers return to save the Read more…