Competing with electric vehicle industry leader Tesla TSLA for deliveries has been a major challenge for all automakers in the EV market. Tesla led all EV makers with 435,059 vehicles delivered in the third quarter, though it Read more…
US inflation numbers the next event to shake up Fed bets Pound traders lock gaze on CPIs after BoE’s hawkish hold Aussie awaits jobs report and Chinese data, Japan’s GDP also on tap Can US Read more…
The “higher for longer” narrative about interest rates was toned down in a week with little concrete news about the economy, based on recent indicators that inflation is coming down. Not least last Friday’s US Read more…
After a hard month, Tesla TSLA shares fell further on Thursday when HSBC initiated coverage of the electric-vehicle leader with a reduce rating and price target of $146, a roughly 30% drop from the stock’s current Read more…
So, the USD turned up recently as investors again looking to sell it as Powell signaled that more hikes can be needed in the future, but it will depend on the data. As a result, Read more…
Alien life has lately become the center of a more concerted effort of study by several U.S. government agencies. In the wake of whistleblower complaints over the summer regarding the presence of UFOs in U.S. Read more…
ECB President Christine Lagarde, speaking at a Financial Times event, warned that the recent phase of quick disinflation might be nearing its end, with the potential for near-term inflation re-acceleration. This caution comes amid the Read more…
Daily Pivots: (S1) 150.94; (P) 151.17; (R1) 151.56; More… Range trading continues in USD/JPY and intraday bias remains neutral at this point. Another falling leg could be seen as consolidation from 151.69 extends, but further Read more…
Daily Pivots: (S1) 0.8992; (P) 0.9017; (R1) 0.9053; More…. Intraday bias in USD/CHF stays neutral as range trading continues. On the downside, below 0.8952 will target a test on 0.8886 support first. Break there will Read more…
Daily Pivots: (S1) 1.2187; (P) 1.2248; (R1) 1.2283; More Intraday bias in GBP/USD remains on the downside at this point. Corrective rebound from 1.2036 could have completed at 1.2426 already, just ahead of 38.2% retracement Read more…