The British pound is in positive territory, as the currency tries to break a four-day losing streak. In the European session, GBP/USD is trading at 1.2355, up 0.36% on the day. US inflation slows, but Read more…
Markets Another series of ECB speeches made it all but certain now: a July rate hike is coming. This was not only confirmed by usual suspects including German ECB governor Nagel. The middle/neutral camp in Read more…
After the downturn of hard-line retail stocks, ‘we reassess valuations and growth outlooks for auto parts stocks,’ Bank of America said. Bank of America is bullish on auto-parts stocks. “In light of the recent downturn Read more…
A major move by MGM Resorts International means the end of a beloved Strip attraction. Las Vegas Strip casinos offer so much more than hotel rooms, casinos, restaurants, and shows. The massive properties owned by Read more…
Cable fell below 1.23 handle after US CPI data came above expectations in April, but dip stayed above new 2022 low (1.2260) posted on Monday and subsequent bounce pushed the price to the mid-point of Read more…
Daily Pivots: (S1) 1.2976; (P) 1.3014; (R1) 1.3067; More… A temporary top should be formed at 1.3050 with current retreat. Intraday bias in USD/CAD is turned neutral first. But still, further rally will remain in Read more…
Daily Pivots: (S1) 0.6905; (P) 0.6946; (R1) 0.6980; More… AUD/USD’s break of 0.7027 minor resistance indicates temporary bottoming at 0.6910. Intraday bias is turned neutral for some consolidations first. But still, near term outlook will Read more…
Elon Musk, the world’s richest man, takes his role as global CEO seriously. Elon Musk no longer sees himself solely as the chief executive of Tesla (TSLA) – Get Tesla Inc Report. The manufacturer of Read more…
Inflation is becoming more widespread across a broad swathe of consumer spending categories, raising the risk that it could become entrenched. As we noted in our CPI preview report on Monday, a reading near economists’ Read more…
Consumer price inflation decelerated in April, rising by 0.3% month-on-month (m/m) – a meaningful slowdown from March’s 1.2% m/m gain. On a year-over-year (y/y) basis, inflation was up 8.3% – down 0.2 percentage points (pp) Read more…