Dollar ended as the worst performer, followed by Yen and Swiss Franc. The US stock markets traded with risk-on sentiment, on talks that Fed would start slowing down tightening pace after one more 75bps hike. But it should be noted that such sentiment was not seen everywhere in the world, in particular China. Thus, rally […]
Sterling Jumped on Political Stabilization, Dollar Lost Ground ahead of Fed Read More »
Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC. Drew Angerer | Getty Images An economic gauge that the Federal Reserve follows closely showed that inflation stayed strong in September but mostly within expectations, the Bureau of Economic Analysis reported Friday. The core personal consumption expenditures
Key inflation gauge for the Fed rose 0.5% in September, in line with expectations Read More »
In this article PINS Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest shares soared over 12% in extended trading after the company reported third-quarter earnings. Here’s how the company did. Earnings: 11 cents per
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The US Dollar got bolstered by US core PCE but weakened towards the close of Wall Street. GDP in France and Spain weakened, while inflation in Germany continued its uptrend, above 10%. EURUSD is neutral-to-downward biased, though slightly tilted to the upside, facing strong resistance at the 100-DMA. The EURUSD finished Friday’s session almost flat
EURUSD recovered ground towards the end of the NY session, despite hot US Core PCE Read More »
GBP/USD bulls are trying to take back control. Bulls are building up outside of key trendline resistances. The bulls have been moving in slowly over the course of the month and reached a milestone in a critical break of a dynamic trendline. GBP/USD is trying to catch a breakout from the trendline resistance as the
Overall market sentiment is mixed today. European stocks are trading up together with US futures. But heavy selling was seen in Hong Kong and China stocks earlier. Commodity currencies appear to be weighed down by the negative side of the picture, while Dollar is firmer with European majors. Sterling is so far the better performer
Euro and Sterling Shrug Poor PMIs, Overall Sentiment Mixed Read More »