Amazon AMZN is the undisputed online retail Goliath of the U.S., and Americans account for around 80% of the shopping site’s users worldwide. The Jeff Bezos-founded e-commerce behemoth shipped around 4.75 billion packages in 2021, and Read more…
After four days in the tropics and lots of AI talk, I’m still unclear about the future. I left Qualcomm’s annual tech summit in Maui lightly sunburnt, cautiously optimistic, and confused as hell. Continue reading…
The rate decision and the Fed’s comments promise to be the highlight in a week full of releases. The market is in no doubt that the pause in policy tightening is here to stay, with Read more…
Market picture October was the second best-performance month for Bitcoin this year after January. BTC soared 27% to highs over the past year and a half above $34K. Regarding seasonality, November is considered a moderately Read more…
Just as Texas Attorney General Ken Paxton accused travel company Booking Holdings BKNG of “deceiving” customers by omitting hidden fees from the total hotel price in August 2022, two U.S. senators are now coming after what they Read more…
The British pound faces a crucial test as the Bank of England (BoE) prepares to announce its November interest rate decision. The outcome could significantly influence the pound’s value, but several factors come into play. Read more…
Daily Pivots: (S1) 1.0531; (P) 1.0603; (R1) 1.0648; More… Immediate focus is now on 1.0522 support in EUR/USD. Firm break there will argue that larger fall from 1.1274 is resumed to ready. Intraday bias will Read more…
Daily Pivots: (S1) 1.2112; (P) 1.2157; (R1) 1.2193; More No change in GBP/USD’s outlook as range trading continues. Intraday bias stays neutral first. With 1.2336 resistance intact, downside breakout is expected. On the downside, firm Read more…
Daily Pivots: (S1) 149.87; (P) 150.80; (R1) 152.56; More… Intraday bias in USD/JPY stays on the upside despite current retreat. Further rise should be seen to 151.93 key resistance. Firm break there will target 100% Read more…
In the wake of the United Auto Workers strikes, both General Motors GM and Ford F, noting a pullback in consumer interest in electric vehicles, have changed up their EV plans. After canceling a plan with Honda to Read more…