Dearborn automaker CEO Jim Farley wants to reduce the cost structure and focus on electric vehicles. Ford Motor (F) – Get Ford Motor Company Report should be making some big announcements soon. The veteran vehicle maker is Read more…
The European Central Bank increased its key rate by 50 points to 0.50%. This is more than average analyst forecasts, based mainly on old comments from Bank members. However, rumours of a more decisive move Read more…
Summary The European Central Bank (ECB) joined the global rate hike cycle at today’s announcement, delivering a larger-than-expected 50 bps Deposit Rate increase, to 0.00%. The ECB said a further normalization of interest rates would Read more…
As mentioned earlier, there was a great deal of uncertainty over whether the European Central Bank would opt for a 25- or 50-basis point rate hike today, which meant that the euro would move sharply based on Read more…
Euro rises broadly after ECB raising interest rate by 50bps, and front-loads the exit from negative deposit rate. The central bank also maintains tightening bias. Swiss Franc is taken up by Euro too. Meanwhile, New Read more…
What are Elon Musk’s intentions? That’s the question agitating young traders after Tesla sold 75% of its bitcoin. It’s an understatement to say that Tesla’s (TSLA) – Get Tesla Inc. Report July 20 announcement that the Read more…
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB Frankfurt am Main, 21 July 2022 Good afternoon, the Vice-President and I welcome you to our press conference. Today, in line with Read more…
Daily Pivots: (S1) 1.0135; (P) 1.0204; (R1) 1.0252; More… EUR/USD’s rebound from 0.9951 resumes after brief retreat. Intraday bias is back on the upside for 1.0348 1.0348 support turned resistance, and then channel resistance at Read more…
Daily Pivots: (S1) 0.9679; (P) 0.9708; (R1) 0.9739; More… Intraday bias in USD/CHF remains neutral for the moment. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Below 0.9652 will Read more…
Daily Pivots: (S1) 1.1942; (P) 1.1990; (R1) 1.2027; More… Range trading continues in GBP/USD and intraday bias remains neutral first. Focus remains on 1.2055 minor resistance. Firm break there will confirm short term bottoming at Read more…