Yen’s selloff resumes in Asian session with USD/JPY making new recent high. The ruling coalition of Liberal Democratic Party and its junior partner Komeito scored a strong victory in Japan’s upper house elections. There might Read more…
At its meeting on Wednesday, the Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 50 basis points taking the cash rate to 2.50%. It will be the RBNZ’s Read more…
Canadian Dollar has been outperforming other commodity currencies recently and stays generally firm. There is prospect of further rally in the Loonie if BoC opts for a 75bps rate hike this week, instead of 50bps. Read more…
NZD/USD is staying in tight range above 0.6123 temporary low, looking forward to RBNZ rate hike later in the week. There is prospect of a rebound from medium term projection level at 0.6098 (100% projection Read more…
BoJ Governor Haruhiko Kuroda warned of the “very high uncertainty” on economic outlook due to surging commodity prices. While the economy is showing some signs of weakness, overall it’s still picking up as a trend. Read more…
Last week the risk bulls found some belief that the recession trade had moved a bit too far. Case in point, for those calling for an imminent recession, the fact US businesses added 372k jobs Read more…
Ford has recalled a total of 215,834 vehicles in three safety recalls over the last two months. Ford Motor Co. (F) – Get Ford Motor Company Report would probably like to hide under the hood of Read more…
Long-awaited new ride at Disney comes soon after its inspiration’s 40th year anniversary. Walt Disney DIS theme parks have been busy this year launching new rides and attractions to stave off competition from their top Read more…
One billionaire wants to take on Caesars, MGM, Wynn, and the other big boy on the Strip. For decades downtown Las Vegas, the Fremont Street area, served as a grittier alternative the the glitz and Read more…