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Forex
Japanese Yen gains momentum above 155.00 as Fed rate cut looms
The USD/JPY pair loses ground to near 155.25 during the early Asian session on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as traders brace for the Federal…
Japan says Chinese fighter jets targeted its aircraft near Okinawa
Japan said that Chinese fighter jets twice directed fire-control radar at its F-15 aircraft over international waters near Okinawa, calling the incidents highly unsafe, Reuters…
Decade-long resistance finally gives way
After more than ten years of disappointment, Wynn Resorts (WYNN) has finally done something that seemed almost impossible—it broke above a descending resistance trendline that's…
Nasdaq futures hold key structure as price compresses toward major resistance zones
Daily projections and intraday micro-structure converge as futures compress inside key zones.Nasdaq futures respect key structural zones ahead of the next expansion moveFriday's…
Stocks survive PCE and consumer data – FOMC too?
S&P 500 took a dive 75min before the opening bell, retail enthusiastically bought into PCE and UoM data release, and prices then settled little changed on the pre-flush level.…
US UoM Consumer Sentiment Index rises to 53.3 in December
American consumer confidence edged higher in early December, as households grew more optimistic about current conditions and the broader economic outlook, according to preliminary…
US PCE Price Index rises 2.8% in September as expected
The Personal Consumption Expenditures (PCE) Price Index rose 2.8% on a yearly basis in September, the US Bureau of Economic Analysis (BEA) reported on Friday. This print followed…
GBP/USD rises as Fed rate cut odds boost Sterling
GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s losses as the US Dollar (USD) recovers some ground. Inflation data in the US kept steady the chances of a Federal…
GBP/USD rises as Fed rate cut odds boost Sterling
GBP/USD rises as Fed rate cut odds boost SterlingGBP/USD resumes its uptrend on Friday, trimming some of Thursday’s 0.21% losses as the Greenback recovered some ground. Inflation…
Fed poised for 25bp cut to 3.50–3.75% – Rabobank
The FOMC is expected to deliver a 25bp rate cut with potential dissents, reflecting the tension between inflation risks and weakening employment. Federal Reserve (Fed) Gov. Jerome…