US initial jobless claims dropped -1k to 217k in the week ending October 29, slightly above expectation of 215k. Four-week moving average of initial claims dropped -500 to 219k. Continuing claims rose 47k to 1485k Read more…
The Euro extend a steep fall from 1.0090 zone double top, falling around 0.8% on Thursday, in extension of post-Fed acceleration. The sentiment soured further after the US central bank delivered the fourth straight 75 Read more…
The progressive politician challenged billionaire’s decision to charge for verification on Twitter. Elon Musk’s decision to charge for the blue badge indicating a person is who they say they are on Twitter (TWTR) – Get Read more…
BoE raises Bank Rate by 75bps to 3.00%. The decision was made by 7-2 votes. Swati Dhingra voted for 50bps hike while Silvana Tenreyro voted for just 25bps hike. Tightening bias is maintained as “should Read more…
Seemingly mixed messages from the Fed whipsawed stocks yesterday, and look to extend declines again Thursday as traders re-set rate hike forecasts in the wake of Chair Powell’s hawkish press conference. Updated at 8:48 am Read more…
Monetary Policy Summary, November 2022 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its Read more…
Moderna cautioned Thursday that $2 billion to $3 billion of its vaccine sales could be pushed into next year amid broader supply chain challenges. Moderna (MRNA) – Get Moderna Inc. Report shares slumped lower Thursday after Read more…
EURUSD under bearish pressure Likely to fall to support level 0.9700 EURUSD currency pair under the bearish pressure after the price broke the support trendline of the daily up channel from October. The breakout of Read more…
GBPUSD reversed from resistance area Likely to fall to support level 1.1200 GBPUSD currency pair recently reversed down from the resistance area located between the pivotal resistance level 1.1660 (which stopped wave 4 in September), Read more…
AUDUSD broke the support level 0.6300 Likely to fall to support level 0.6200 AUDUSD currency pair under the bearish pressure after the pair failed to break back above the key resistance level 0.6500 (which has Read more…