Yen weakens broadly in Asian session, albeit in a subdued market environment due to Japan’s holiday. Despite this, the selloff in the Japanese currency remains relatively contained, with traders vigilant of market intervention by Japan. Read more…
ECB’s Chief Economist Philip Lane, in an interview with Spanish newspaper El Confidencial, expressed growing confidence regarding return of inflation to 2% target, thereby increasing the likelihood of an interest rate cut in June. Lane Read more…
Key Highlights EUR/USD started a recovery wave above the 1.0650 resistance. It broke a major bearish trend line with resistance at 1.0720 on the 4-hour chart. GBP/USD rallied and tested the 1.2620 resistance zone. Oil Read more…
OECD said the persistence of inflationary pressures within New Zealand would limiting the flexibility for monetary policy easing this year. According to the 2024 Economic Surveys report, “Inflation is likely to be persistent,” thus constraining Read more…
China’s Caixin PMI Services for April, while dipping slightly from 52.7 to 52.5 as expected, maintains a growth streak for the 16th consecutive month. The sector sees robust expansion in new business, marking its fastest Read more…
EURGBP reversed from support zone Likely to rise to resistance level 0.8625 EURGBP recently reversed up from the support zone lying between the key support levels 0.8500, 0.8550 and the lower daily Bollinger Band. The Read more…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over 4.5% from a peak of 160.2 at the start of trading on Monday. Behind the pair’s rise is a long-term Read more…
MSC Cruises has been expanding its presence in Florida, steadily adding more ships including some of its higher-end hardware. The company isn’t as well known as its rivals including Royal Caribbean, Carnival, and Norwegian. With Read more…
Glen Taylor bought the Minnesota Timberwolves in 1994 and has been at the helm ever since. But there have been a lot of ownership changes in the NBA since then. Taylor sat down with TheStreet Read more…