In a speech, BoE Governor Andrew Bailey said, ” 50 basis point increase will be among the choices on the table when we next meet”. But “50 basis points is not locked in, and anyone who Read more…
Veteran carmaker GM introduces a new electric model to compete with two of Tesla and Ford’s best-selling models. General Motors (GM) – Get General Motors Company Report is pulling out all the stops to catch up Read more…
The European Central Bank is expected to embark on its first rate hike cycle in more than a decade on Thursday. The Bank will announce its decision at the new time of 12:15 GMT, followed Read more…
There is a level of uncertainty in terms of whether it will be 25 or 50 basis point rate hike. This week’s most eagerly anticipated macro event is the European Central Bank policy decision, which Read more…
Lithium is a key metal used in powering electric vehicles, and demand may increase alongside electric car sales. Canva Why Is Lithium Important? Lithium is an important raw material used to power devices that have Read more…
Markets The debate about a 25 or 50 bps ECB rate hike is at least as hot as temperatures outside today. It is the central bank itself, or rather “people familiar with the discussions”, that Read more…
The CDC has dropped its voluntary program to monitor cruise ships. Does that mean covid-testing requirements and vaccine mandates will be dropped? The Centers for Disease Control and Prevention kept Royal Caribbean (RCL) – Get Read more…
Daily Pivots: (S1) 0.6783; (P) 0.6819; (R1) 0.6848; More… AUD/USD’s break of 0.6873 minor resistance confirms short term bottoming at 0.6680, on bullish convergence condition in 4 hour MACD. Intraday bias back on the upside Read more…
Apple and Meta Platforms have just taken new measures that show they are worried about the economy. Big tech seems convinced that the global economy is headed for a recession. Silicon Valley seems to be Read more…
Daily Pivots: (S1) 138.20; (P) 138.67; (R1) 138.94; More… Intraday bias in USD/JPY remains neutral as correction from 139.37 is extending. Downside of retreat should be contained by 134.73 support. On the upside, break of Read more…