The Reserve Bank of Australia (RBA) is widely expected to roll out another 50bps rate increase when it concludes its meeting at 04:30 GMT Tuesday. Inflation is high and unemployment is at record lows, so Read more…
Carnival Cruise Line is building an answer to Royal Caribbean’s CocoCay and its new Nassau project. The cruise lines’ private islands used to be stretches of sand with some bars, a few eating areas, and Read more…
US ISM Manufacturing PMI dropped from 53.0 to 52.8 in July, above expectation of 52.0. Looking at some details, new orders dropped -1.2 to 48.0. Production dropped -1.4 to 53.5. Employment rose 2.6 to 49.9. Read more…
I hope you had a nice weekend and that you are ready on more volatile markets with plenty of important data on this week’s schedule. However, August is known as one of the slowest months Read more…
Markets Core bond yields on Monday kicked off the new month in good spirits. German yields rose as much as 7 bps and a little less in the US. That happened even against the backdrop Read more…
The Australian dollar has posted strong gains today. In the North American session, AUD/USD is trading at 0.7030, up 0.57% on the day. RBA expected to hike by 50 bp The Reserve Bank of Australia Read more…
Avita Medical expects a big second half. Will that set the stage for a multiyear growth runway? The standard of care for treating serious burns hasn’t changed much in decades. When a large patch of Read more…
Daily Pivots: (S1) 132.27; (P) 133.47; (R1) 134.44; More… Intraday bias in USD/JPY stays on the downside as fall from 139.37 is still in progress. Deeper decline should be seen to 131.34 resistance turned support Read more…
Daily Pivots: (S1) 0.9480; (P) 0.9537; (R1) 0.9572; More… USD/CHF’s decline resumes today and focus stays on 0.9471 resistance turned support. Stronger support should be seen from there to bring rebound. On the upside, above Read more…
Daily Pivots: (S1) 1.0164; (P) 1.0209; (R1) 1.0272; More… Range trading continues in EUR/USD and intraday bias stays neutral at this point. On the upside, above 1.0277 minor resistance will target 1.0348 resistance first. Break Read more…