Australia PMI Manufacturing dropped from 57.7 to 55.3 in January. PMI Services tumbled sharply from 55.1 to 45.0. PMI Composite also dropped from 54.9 to 45.3, first contraction follow three months of growth. All are Read more…
ECB Governing Council member Olli Rehn said over the weekend, “personally, I expect the economic data to remain relatively good despite being affected by the Omicron variant.” He added that rate hikes in 2023 would Read more…
Flash PMI data is released across Asia, Europe and the US. And on the back of last week’s risk-off week then markets may be more sensitive to soft data should it disappoint. US equities suffered Read more…
What began as a short-covering rally is now seeing increased bullish activity on the British pound futures contract. Traders reduced net-long exposure to the US by -$6.9 billion last week, according to IMM Euro futures Read more…
Cryptocurrency traders have been suffering a slow painful death after the Fed ran out of excuses in tackling inflation. In just a few months, Wall Street had to reprice a much more aggressive Fed tightening Read more…
EUR/USD: FOMC Meeting: the Day the Markets Are Waiting For The main event not only of the next week, but of the whole month will certainly be the meeting of the FOMC (Federal Open Market Read more…
Apple dropped its verification requirement for education discounts offered to students, teachers and school staff. Apple (AAPL) – Get Apple Inc. Report had second thoughts about students, teachers and school staff proving their status for education Read more…
Many mainstream investors, often young, who have enjoyed the rise of cryptocurrencies experience their first crash. For Wall Street veterans, the recent cryptocurrency crash is deja vu. Markets go up and markets go down, they Read more…
The fast-food giant has tried healthy before, and it failed. McDonald’s (MCD) – Get McDonald’s Corporation Report wants customers who care about healthy eating, and it wants options for its existing customers when they want Read more…