There are plenty of old sayings about things changing, things not changing, things changing by not changing — you get the picture. It’s tough to tell which applies to Samsung’s Galaxy Z Flip 4 because Read more…
Dollar is staying soft in consolidation today, as traders are clearly still cautiously waiting for rate clues from Fed Chair Jerome Powell’s Jackson Hole speech tomorrow. Yen is also mixed despite surging benchmark treasury yields. Read more…
While Dollar is consolidating ahead of Jackson Hole Symposium, Australian Dollar is taking up some buying, in particular against Europeans. The Aussie is apparently given a lift after China unveiled new stimulus package of RMB Read more…
Based on the second estimate, US GDP contracted at -0.6% annualized rate in Q2, comparing to first estimate of -0.9%, PCE price index and core PCE price index were left unchanged at 7.1% and 4.4% Read more…
US initial jobless claims dropped -2k to 243k in the week ending August 2, below expectation of 256k. Four-week moving average of initial claims rose 1.5k to 247. Continuing claims dropped -19k to 1415k in Read more…
“Q4 will be the high water mark for write-offs and restructuring charges related to inventory and supply chain issues and the beginning of the comeback story for Peloton.” said CEO Barry McCarthy. Peloton Interactive (PTON) Read more…
In the accounts of ECB’s July 20-21 meeting, it’s noted that “a very large number of members” agreed that it was appropriate to hike interest rates by 50bps. The 50bps hike was seen as “warranted Read more…
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 20-21 July 2022 1. Review of financial, economic and monetary developments Read more…
The markets are slow with stocks stabilized a bit ahead of the Jackson Hole event. The USD bulls also slowed down for a pullback, but technically and fundamentally we do not expect any changes till Read more…
Stocks are holding onto gains amid a pullback the U.S. dollar and softer Treasury yields, even as Fed rate bets creep higher ahead of tomorrow’s Jackson Hole opening. U.S. equity futures extended gains Thursday, while Read more…