Lost or delayed? Apple’s supply chain woes raise questions over holiday iPhone sales as investors await its December quarter earnings after the closing bell. Apple Inc (AAPL) – Get Free Report shares moved firmly higher Thursday Read more…
Daily Pivots: (S1) 0.9042; (P) 0.9113; (R1) 0.9155; More… No change in USD/CHF’s outlook and intraday bias stays on the downside. Sustained break of 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056 will Read more…
Daily Pivots: (S1) 141.15; (P) 141.49; (R1) 142.07; More…. EUR/JPY drops sharply today but stays in range of 155.33/161.80. Intraday bias remains neutral first. On the downside, firm break of 155.33 will resume the whole Read more…
Euro retreats notably even after ECB hikes 50bps and expresses the intention to do the same in March. Sterling is also trading lower after BoE hikes by 50bps as expected. Yen is currently the stronger Read more…
The billionaire is a vocal supporter of Ukraine in the war, but his support also earns him fierce criticism from both sides. Russia’s war in Ukraine, which started on Feb. 24 with Moscow invading Kyiv, Read more…
Meta’s new discipline, paired with Powell’s new dovishness, has tech stocks surging Thursday ahead of a a triple-set of mega cap earnings after the closing bell. U.S. equity futures extended gains Thursday, while the dollar Read more…
US initial jobless claims dropped -3k to 183k in the week ending January 28, below expectation of 196. Four-week moving average of initial claims dropped -6k to 192k. Continuing claims dropped -11k to 1655k in Read more…
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At the post meeting press conference, BoE Governor Andrew Bailey said, “since the November monetary policy report we’ve seen the first signs that inflation has turned the corner.” “We have done a lot on rates Read more…
Emily Leveille, manager of a Thornburg mutual fund, says easing inflation and a falling dollar could boost foreign stocks. Foreign stocks have lagged U.S. equities in recent years, putting overseas stocks at attractive valuations compared Read more…