ECB is expected to commence its monetary policy loosening cycle today, with market anticipating a 25 basis point reduction in deposit rate to 3.75% and an adjustment of main refinancing rate to 4.25% correspondingly. Key Read more…
BoJ board member Toyoaki Nakamura, known for his dovish stance, cautioned in a speech today that “inflation may not reach 2 per cent from fiscal 2025 onward” if households reduce spending, which would discourage companies Read more…
The US stock markets continued to display diverged performance. While DOW continued to struggle to bounce, S&P 500 and NASDAQ surged to new record highs. In the background, investor confidence is growing that Fed will Read more…
Talking Points ECB Main Refinance Rate and EU Inflation EUR/USD Technical Analysis – Daily Chart ECB Main Refinance Rate and EU Inflation The European Central Bank is scheduled to announce its main refinancing rate on Read more…
EURCHF reversed from support level 0.9675 Likely to rise to resistance level 0.9800 EURCHF currency pair recently reversed up from the pivotal support level 0.9675 (former resistance from November and strong support from April). The Read more…
AUDJPY reversed from support level 103.00 Likely to rise to resistance level 104.50 AUDJPY currency pair recently reversed up from the key support level 103.00 (which has been reversing the price from the middle of Read more…
The dollar index accelerated higher on Wednesday, following much stronger than expected US services PMI data (May 53.8 vs 51.0 f/c and Apr 49.4) which signaled that services sector returned to growth (May figure hit Read more…
Like many contemporary automakers, the future of Stellantis’ (STLA) iconic Jeep brand is an electric one. But as a brand whose roots date back nearly 80 years, it may have to make some exceptions in Read more…
The housing market is still a mess for prospective homebuyers. So what needs to happen in order for them to see some relief? Celebrity real estate agent Ryan Serhant joined TheStreet to share what has Read more…
Zoom (ZM) CEO Eric Yuan knows that employees despise long meetings, so he is creating an unconventional solution to solve the problem. The CEO is developing a “digital twin,” an avatar powered by artificial intelligence, Read more…