After a period of some improvement in US-China relations since the Xi-Biden meeting in November, the relationship took yet another turn for the worse following the shoot-down of a Chinese ‘spy balloon’ over the Atlantic. Read more…
The Euro is consolidating in early Monday after suffering heavy losses last Thu/Fri (down 1.8%) but remains at the back foot and warning of further weakness. Stronger than expected January US labor data on Friday Read more…
Bears are taking a breather in European trading on Monday after strong acceleration on Thu/Fri which resulted in a weekly loss of 1.7% (the biggest weekly fall since the third week of September). Formation of Read more…
The USDJPY is standing at the front foot, following last Friday’s nearly 2% daily advance and Monday’s opening with a gap-higher. The dollar was boosted by strong US labor figures which signal that the central Read more…
The AUDUSD is consolidating above new three-week low in European session on Monday, but remains at the back foot, weighed by Friday’s large bearish daily candle (down 2.1%). Much stronger US Jan NFP numbers on Read more…
Aussie is coming down very sharply and impulsively, ahead of RBA this week, so looks like technically are pointing down, but RBA hawks can be back after latest jump in CPI figures. Any hawkish view Read more…
Dell is planning big job cuts as PC market conditions “continue to erode with an uncertain future”. Updated at 6:11 am EST Dell Technologies (DELL) – Get Free Report is set to slash around 5% of Read more…
With more cars now eligible for the Treasury’s $7,500 tax credit, Tesla is raising U.S. prices amid what Elon Musk has called ‘historic’2023 demand. Tesla (TSLA) – Get Free Report shares edged higher Monday trading following Read more…
BoE MPC member Catherine Mann, a known hawk, said in a speech that “we need to stay the course, and in my view the next step in Bank Rate is still more likely to be Read more…
Stock futures lower as market re-set Fed rate bets; Week Ahead: Powell speech tops light earnings, data calendar; Tesla share edge higher following Model Y price hikes; Dell set to slash 6,600 jobs amid PC Read more…