(Reuters) – More than hundreds of Hilton hotel workers in Seattle have walked off the job calling for higher wages, fair staffing and workloads, and the reversal of COVID-19 era cuts, the Unite Here union said on Saturday. “The weeklong strikes by 374 workers at the DoubleTree by Hilton Hotel Seattle Airport and Hilton Seattle…
The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference…
Global financial markets last week were influenced by a combination of clarity and uncertainty. In the US, economic data reinforced expectations of a gradual and measured policy easing path by Fed. Investors embraced the prospect that Fed would not repeat the aggressive 50 bps rate cut implemented in September. This optimism regarding a soft landing…
EUR/USD’s fall from 1.1213 extended to as low as 1.0899 last week, but lost momentum after hitting 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 1.1036 resistance holds. Sustained trading below 1.0920 will argue that fall from…
USD/JPY’s rise from 139.57 extended to 149.58 last week but turned sideway. Initial bias remains neutral this week first, and some more consolidations could be seen. But further rally is expected as long as 145.91 support holds. Above 149.58 will resume the rise to 61.8% retracement of 161.94 to 139.57 at 153.39. In the bigger…
GBP/USD lost downside momentum last week, as seen in 4H MACD, even though fall from 1.3433 short term top extended lower. Initial bias stays neutral this week first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias…
Newsquawk Week Ahead Highlights October 14-18 Week Ahead: 14-18th October 2024Newquawk.com Highlights include: US retail sales, ECB, Aussie jobs, inflation data from China, Japan, New Zealand and Canada SUN: Chinese Inflation MON: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday TUE: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep),…
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EUR/USD: Doves Outplay Hawks, Score 76:24 ● Last week, four key events attracted the attention of the markets. The week began on Monday, 7th October, with the release of eurozone retail sales data. According to the statistics, retail sales in August grew by 0.2% month-on-month and by 0.8% year-on-year, which was almost in line with…
Lucky Block Price Prediction- October 12 The Lucky Block rising pattern may continue as the coin price eyes a potential breakout to the upper resistance level amid whale buying pressure. The market price is experiencing a bullish wave and may continue its rising pattern. Thus, if a renewed surge in buying pressure arises, the crypto…