USDCHF has bounced toward the mid-Bollinger band after testing the 50-period simple moving average (SMA) currently around the 0.9700 mark. The soaring simple moving averages (SMAs) are defending the more than one-month uptrend in the Read more…
AUDUSD is extending today’s losses and is currently trading below the two-week high of 0.7265 hit on Wednesday. The RSI turned lower after the pullback off the 50 level. At the moment, it continues to Read more…
The Fed raised interest rates by 50 bps and announced the start of QT on Wednesday as largely expected. Less anticipated were Fed Chair Powell’s comments discounting the near-term prospects of hikes greater than 50 Read more…
The euro is under pressure and is trading at 1.0557, down 0.58% on the day. This follows a spectacular session on Wednesday, when EUR/USD jumped 0.94%, its best one-day showing since March. German Factory Orders Read more…
This credit “gives back” a portion of the money you spend on care for children or household members, and can significantly reduce your tax bill. For information on the third coronavirus relief package, please visit Read more…
The beauty of EE bonds is that their face value increases by 100% when held long-term. NoDerog from Getty Images Signature; Canva What Are EE Bonds? The United States Treasury offers investors several low-risk bonds Read more…
Shopify followed eBay is posting weaker-than-expected first quarter earnings as e-commerce platforms navigate what company president Harley Finkelstein called “massive macro shifts” in consumer behavior. Shopify SHOP shares tumbled Thursday after the e-commerce platform posted weaker-than-expected Read more…
BoE raises Bank Rate by 25bps to 1.00% as widely expected. The decision was made by 6-3 vote, with three members voted for 50bps hike, including Jonathan Haskel, Catherine Mann and Michael Saunders. In the Read more…
Wall Street looks set for a weaker open Thursday as yesterday’s Fed-induced rally flames out and investors focus on jobs and growth prospects amid the central bank’s inflation fight. U.S. equity moved lower Thursday, easing Read more…
The MPC sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 4 May 2022, the MPC voted by a Read more…