Asia FX firm, dollar edges lower with US-China trade, Fed meeting in focus

SPX daily The S&P 500 is above 6000 for the first time since February. I think there are economic risks out there but the price action right now is telling. There is a strong inclination to buy the dip and a belief in a Trump put. Call it at TACO trade or a belief that…

GBP/JPY has been trending upward since February 7, fueled by Yen weakness and GBP strength. A symmetrical triangle pattern on the daily chart suggests a potential breakout and bullish rally, possibly to 222.00. Key support levels are 194.00, 193.50, 192.00, while resistance levels are 197.50, 198.96, 200.00. Most Read: Gold Price Forecast: Will Tariffs and…

The $300 level has proven psychologically significant for McDonald’s (MCD) stock: → In summer 2023, bullish investors failed to push the price above this mark, leading to a decline from $298 in July to $246 by October. → Again, in January 2024, the price briefly surpassed $300 but quickly dropped, eventually falling to $245 by…

By Dietrich Knauth and Mike Spector NEW YORK (Reuters) – Johnson & Johnson (NYSE:) said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal.  J&J has announced plans to finalize…