The stock market has rebounded from earlier declines lately, with the S&P 500 jumping 13% since June 16. The stock market has been on a roll lately, with the S&P 500 soaring 13% since June Read more…
BoE: high inflation but rising recession risk In line with expectations, the Bank of England (BoE) hiked the Bank Rate by 50bp to 1.75% (the largest hike in 27 years) with only member voting for Read more…
The euro is showing little movement for a second straight day. In the North American session, EUR/USD is trading at 1.0187, up 0.14% on the day. With a light economic calendar today in both the Read more…
Cruise ships are just emerging from the covid pandemic and beginning to operate normally. Is the industry ready for Monkeypox? Just as the world starts experiencing a return to normalcy of some sort in 2022 Read more…
Markets The Bank of England did what it was expected to do. After delivering a 50 bps rate hike in a 8-1 vote, the biggest in 27 years, the policy rate now stands at 1.75%. Read more…
The leading indicators point to a slightly below-expectations reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 150K-250K range NFP Insight In last month’s NFP preview report, we Read more…
…But there’s hope for GBP/USD bulls – the dollar and bond yields are weakening again. The pound slumped after the Bank of England provided a very grim forecast on growth and predicted inflation would hit Read more…
The company has made clear what it plans on the Las Vegas Strip, but it has a fast-approaching deadline. Caesars Entertainment (CZR) – Get Caesars Entertainment Inc. Report and MGM Resorts (MGM) – Get MGM Read more…
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Daily Pivots: (S1) 132.58; (P) 133.57; (R1) 134.84; More… Intraday bias in USD/JPY remains neutral for the moment. Correction from 139.37 could still extend through 130.38. But downside should be contained above 126.35 support, at Read more…