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…
Daily Pivots: (S1) 0.9040; (P) 0.9074; (R1) 0.9139; More…. Despite current retreat, intraday bias in USD/CHF stays on the upside first. Sustained trading above 0.9086 resistance will pave the way back to 0.9342 resistance next. Read more…
US 10-year yields is seeing a notable drop after Treasury unveiled its auction plan. In a closely monitored move, the department announced a USD 2B/month increase in 10-year bond sales. This increment was below market’s Read more…
The U.S. Treasury will sell around $112 billion in coupon-bearing bonds in auctions this quarter, a modestly lower total than forecast, as it looks to fund record government deficits in a market replete with fixed Read more…
While the 2023 holiday season will be an expensive one, that is not keeping many from taking trips. Numbers from Deloitte’s annual Holiday Travel Survey show that 48% of Americans plans to travel between Thanksgiving and the Read more…
We’re seeing some trepidation in markets on Wednesday ahead of the Federal Reserve meeting later in the session and the jobs report on Friday. The Fed meeting should be quite straightforward, with policymakers having come Read more…
Yen steadies after intervention warning Fed widely expected to pause at today’s meeting The Japanese yen has steadied on Wednesday, following massive losses a day earlier. In the European session, USD/JPY is trading at 151.19, Read more…
Gold remains at the back foot for the third consecutive day, following another failure to sustain gains above psychological $2000 level. Yellow metal ‘s price hit new multi-month high at $2009 last Friday, but subsequent Read more…
US ADP private sector employment gains in October fell short of expectations, with an addition of 113k jobs as opposed to the anticipated 135k. A breakdown by industry shows a modest increase of 6k in Read more…
The Phantom V Fold, from Transsion brand Tecno. | Image: Tecno / Transsion Transsion, a Chinese smartphone manufacturer whose brands include Tecno, Itel, and Infinix, has quietly grown to become the world’s fifth largest smartphone Read more…