News

Gannett Co. Inc. GCI, -3.93% informed staff on Wednesday that it’s temporarily suspending its 401(k) match from Oct. 24 and mandating five days of unpaid leave in December, as part of a latest round of cost cuts. In a memo circulated by Editor & Publisher, Chief Executive Mike Reed said the publisher is also offering […]

USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the ascending trendline. In this case, the pair is expected to break 6/8 (1.0009) and then continue growing towards the […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending wave. In this case, the downside correctional target may be at 1.3745. Later, the market may rebound from the […]

Barclays lifted its expectations for the next few rate hikes by the Federal Reserve on Thursday following September’s hotter-than-expected consumer-price-index report. The firm now expects 75 basis point rate hikes each at the Fed’s November and December meetings, versus a prior expectation for a 50-basis-point move in the final month of the year, according to […]

Traders see a 42.6% likelihood that the fed-funds rate target will get to between 5% and 5.25%, or even higher, by next March after Thursday’s hotter-than-expected consumer-price index report for September. That’s up from 6.1% on Wednesday, according to the CME FedWatch Tool. The CPI report also cemented a 95.8% chance of a 75-basis-point rate […]

U.S. stocks opened sharply lower Thursday, with the Dow Jones Industrial Average falling more than 500 points, after the consumer-price index showed that inflation in September was hotter than forecast. The Dow DJIA, +2.31% was down 1.7% soon after the opening bell, while the S&P 500 SPX, +2.22% fell about 2.2% and the Nasdaq Composite […]