Major US bank earnings prove largely resilient, but warnings of possible credit pressures send the S&P 500 lower on Friday as banks bolster cash reserves. more...
The recent sell-off in the US dollar can be clearly seen in a born-again EUR/USD which continues to probe higher. more...
Euro area jobless rate remained unchanged at a record low in November despite the economy moving closer to a recession, official data revealed Monday. The jobless rate came in at 6.5 percent, as expected, unchanged from October, the statistical office Eurostat said. This was notably down from 7.1 percent in the same period last year. more...
The daily price is located near and above Ichimoku cloud: the price is breaking the bearish triangle pattern to below for the daily bearish reversal to be started. more...
The Institute for Supply Management released a report on Wednesday showing U.S. manufacturing activity contracted at a slightly faster rate in the month of December. The ISM said its manufacturing PMI edged down to 48.4 in December from 49.0 in November, with a reading below 50 indicating a contraction. Economists had expected the index to slip to 48.5. more...
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