The Australian dollar has reversed directions on Wednesday and climbed sharply. In the European session, AUD/USD is trading at 0.6937, up 0.98% on the day. If your fancy is a currency with wild swings, then Read more…
The dollar eases on Wednesday, as traders collected profits from the past four-day rally but also look for better levels to -re-enter bullish market, as outlook for the dollar, according to latest expectations for tomorrow’s Read more…
“If the Fed were to deviate from the market discount, logically it should then be going for a 100 basis point hike,” said ING rate strategists. The Federal Reserve is likely to deliver its most Read more…
Petroleum is the top import into 12 states, while some states’ unique imports and exports include catgut, coin games and brewing dregs. Most Americans have become painfully aware of the supply chain in the past Read more…
Stock futures higher as Fed rate bets accelerate; Fed set for bold rate move after weeks of softer guidance; Tech bosses urge Congress to pass bill boosting chip sector support; Biden calls on oil companies Read more…
As daunting as a 75-bps hike may seem, it could be argued that if they didn’t hike so aggressively today then they’re still not doing enough to fight inflation. It’s been a turbulent few days Read more…
Eurozone goods exports rose 12.6% yoy in April to EUR 223.9B. Imports rose 39.4% yoy to EUR 256.4B. Trade deficit came in at EUR -32.4B. Intra-Eurozone trade rose 20.8% yoy to EUR 212.1B. In seasonally Read more…
Eurozone industrial production rose 0.4% mom in April, below expectation of 0.5% mom. Production of energy rose by 5.4%, intermediate goods by 0.7%, non-durable consumer goods by 0.4% and durable consumer goods by 0.2%, while Read more…
The cryptocurrency market is in disarray. It lost over $2 trillion in eight months. Bill Gates has never hidden that he was not a fan of Bitcoin and cryptocurrencies. The co-founder of software giant Microsoft Read more…
Daily Pivots: (S1) 161.10; (P) 162.71; (R1) 164.09; More… GBP/JPY’s fall from 168.67 is still in progress and intraday bias stays on the downside. Sustained break of 55 day EMA (now at 161.63) will bring Read more…