In a speech overnight, Fed Governor Michelle Bowman reiterated that Fed is “still not yet at the point where it is appropriate to lower the policy rate.” She emphasized that several upside risks to inflation Read more…
This week’s inflation data was in line with Westpac’s expectations. But what matters is whether the RBA was surprised. We do not think it was, and note that despite personnel changes, the RBA’s analysis and Read more…
Key Highlights USD/JPY rallied and tested the 160.80 zone. A major bullish trend line is forming with support at 159.80 on the 4-hour chart. EUR/USD is consolidating above the 1.0670 support zone. GBP/USD spiked lower Read more…
Natural gas reversed from resistance zone Likely to fall to support level 2.6000 Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the Read more…
Gold reversed from support level 2300.00 Likely to rise to resistance level 2365.00 Gold recently reversed up from the pivotal support level 2300.00, which has been steadily reversing the price from the end of April, Read more…
The Japanese yen has fallen to its lowest since 1986 against the dollar and a historic low against the euro. Its YTD loss is 12.5%, the third-worst performance after the Nigerian naira and the Egyptian Read more…
The electric vehicle industry has had plenty of bad news through the first half of this year. The worst news may have been Manhattan Beach, Calif.-based electric vehicle maker Fisker Inc. filing for Chapter 11 Read more…
There’s just one more day left in June, and one more day in the second quarter. And you may find a few surprises in the stocks leading the Standard & Poor’s 500 index this month. Read more…
Over the past few years, consumers have fallen in love with the online shopping app Temu. The app sells a wide range of items at low prices that almost seem criminal. However, according to Arkansas Read more…