The forex markets are generally staying inside yesterday’s range so far today. Stocks in Europe and US futures are recovering while treasury yields retreat. Traders are clearly turning cautious ahead of FOMC rate decision. The Read more…
Record high prices boosted gasoline sales, but the extra cash needed to fill American tanks was pulled from discretionary spending in the world’s biggest economy. U.S. retail sales fell last month May, Commerce Department indicated Read more…
US retail sales dropped -0.3% mom to USD 672.9B in May, worse than expectation of 0.2% mom rise. Ex-auto sales rose 0.5% mom, below expectation of 0.8% mom. Ex-gasoline sales dropped -0.7% mom. Ex-auto, ex-gasoline Read more…
ECB said the Governing Council in an ad hoc meeting today to “exchange views on the current market situation” and reiterated the pledged to “act against resurgent fragmentation risks”. The council decided to “apply flexibility Read more…
Used Toyota Tacoma buyers in Seattle-Tacoma are paying almost 9% over average, and stay away from Salt Lake City if you want a deal on a Ford F-150. Opting for a good used car over Read more…
The British Pound started a fresh decline from the 1.2550 resistance against the US Dollar. The GBP/USD pair traded below the 1.2420 support zone to enter a bearish zone. The pair even declined below 1.2200 Read more…
Lenovo’s new Chromebook Duet 3 doesn’t work with older USI styluses. | Image: Lenovo A new report has uncovered compatibility issues with version 2.0 of the Universal Stylus Initiative (USI) standard that means older USI Read more…
US stocks head higher and the USD lower ahead of the Fed rate decision. Will the Fed hike by 50 or 75 basis points? US futures Dow futures +0.3% at 30480 S&P futures +0.4% at Read more…
The Fed will deliver perhaps its most important rate decision in decades Wednesday as markets debate the merits of tighter monetary policy into a looming domestic recession. U.S. equity futures moved firmly higher Wednesday, following Read more…
AUDUSD has been experiencing a sharp downtrend after it failed to jump above the 0.7282 level in early June. Although the pair has managed to find its feet in the last couple of four-hour sessions, Read more…