A jam-packed week for central banks and economic releases is coming up as the inflation story continues to grip the markets. With the price data pointing up and bond yields fired up, investors are expecting Read more…
Risk sentiment remained on the back foot this week, with market focus centring on a continued rise in global yields. US 10Y Treasury yields closed in on 1.9% – up 35bp since the start of Read more…
Following a solid increase in October, retail sales continued to rise in November gaining 0.7% on the month. Looking ahead, the picture appears less bright, with Statistics Canada’s flash estimate projecting a 2.1% decline in Read more…
Markets European stock markets can’t escape the rot today. Main indices lose up to 2% and more. The EuroStoxx 50 trades below first support at 4231. A sustained break paves the way to the low Read more…
People buying Walt Disney World tickets may pay more, but they’ll also get more. Walt Disney (DIS) – Get Walt Disney Company Report regularly raises prices because higher prices never seem to damp demand for tickets Read more…
Twitter is offering special profile pictures for NFT holders, meanwhile Musk wants the company to focus on crypto scammers Tesla (TSLA) – Get Tesla Inc Report CEO, and infrequent cryptocurrency evangelist, Elon Musk is taking Twitter Read more…
Daily Pivots: (S1) 1.1286; (P) 1.1327; (R1) 1.1352; More… Intraday bias in EUR/USD remains neutral first. As noted before, rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger down Read more…
Daily Pivots: (S1) 1.3569; (P) 1.3616; (R1) 1.3644; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support Read more…
Daily Pivots: (S1) 113.89; (P) 114.22; (R1) 114.47; More… Intraday bias in USD/JPY stays on the downside for 113.47. Break will resume the fall from 112.52 structural support. Considering bearish divergence condition in in daily Read more…
Shares of half the companies that finished SPAC deals in the past two years are down 40% or more, The Wall Street Journal reports. The bloom appears to be off the rose for special purpose Read more…