The cruise industry faces challenges that other travel companies don’t have to deal with. When you check into a hotel you don’t need to go through Customs or have your bags go through security. A hotel Read more…
Dollar dips mildly in the wake of the latest PCE inflation data, which largely met market expectations without delivering any significant surprises. Notably, headline inflation saw a slight uptick, primarily driven by rising energy costs. Read more…
Sometimes when a big brand buys an up-and-coming rival it can’t make the marriage work. Sometimes it’s a clash of cultures and, in other cases, it turns out that the growth potential for the product Read more…
The Federal Reserve’s preferred inflation gauge eased modestly last month, data indicated Friday, but offered a mixed picture of spending and price pressures that could further complicate the central bank’s interest rate forecasting. The Bureau Read more…
Market picture The cryptocurrency market is up 0.3% in 24 hours to $2.66 trillion, but it’s not due to reduced volatility. Bitcoin and Ethereum are trading close to the previous day’s levels. Among the top Read more…
Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday. Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly bearish Read more…
The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% Read more…
US personal income rose 0.3% mom or USD 66.5B in February, below expectation of 0.4% mom. Personal spending rose 0.8% mom or USD 145.5B, above expectation of 0.8% mom. PCE price index rose 0.3% mom Read more…
USDCAD pauses bearish correction near support area Technical signals are weak amid holiday-thinned liquidity conditions All eyes turn to the US core PCE inflation due at 12:30 GMT USDCAD was trading with soft positive momentum Read more…
On Friday, the price of gold reached an unprecedented peak, soaring above 2,230 USD. The global capital market experienced low activity due to the observance of Good Friday in many Catholic countries, leading to abrupt Read more…