“It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break,” said President Biden President Joe Biden has taken another short across the bow Read more…
GBPUSD has been in a prolonged downtrend since the beginning of the year, plummeting to an all-time low of 1.0324 in mid-September. Although the pair has been in a recovery mode since then and lately crossed above Read more…
UK PMI Manufacturing was finalized at 46.2 in October, down from September’s 48.4. That’s the lowest level in 29 months, and the reading has been below 50 mark for three consecutive months. S&P Global noted Read more…
Stock futures higher as dollar retreats, Fed in sight; Toyota slides as world’s biggest carmaker cuts 2023 profit guide; President Biden threatens ‘windfall tax’ on big oil profits; AMD higher ahead of Q3 earnings amid Read more…
RBA Governor Philip Lowe said in a speech that the earlier large 50bps rate hikes wereto “move interest rates quickly away from their pandemic levels to address the rapidly emerging inflation problem.” As interest rates Read more…
Swiss SECO Consumer Confidence fell further from -42 to -47 in Q4, below expectation of -43. That’s the record low level since the survey began in 1972. Looking at some details, expected economic development dropped Read more…
EURJPY is moving sideways after the jump to the eight-year high of 148.40, failing to endorse the bullish outlook in the long-term. The RSI indicator is moving lower in the positive region, while the MACD Read more…
The structure of the GBPUSD currency suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The Read more…
The Dow Jones 30 inches higher as investors await the Fed’s policy meeting. A short squeeze above the September high at 32600 has put the bears on the defensive. Heightened volatility shows that wrong-footed traders Read more…
Silver slips as the dollar index recoups recent losses. The price has stabilised over the daily support and psychological level of 18.00. A series of higher highs led sellers to cover their positions. The market Read more…