The Bank of Canada cut the overnight rate to 4.75% (from 5.0%), while stating that it will continue with Quantitative Tightening (QT). The Bank spoke confidently about the economy, stating “economic growth resumed in the Read more…
US ISM Services PMI jumped from 49.4 to 53.8 in May, well above expectation of 51.0. Looking at some details, business activity/production rose sharply from 50.9 to 61.2, highest since November 2022. New orders rose Read more…
BoC cuts overnight rate by 25 bps to 4.75%, as anticipated. The central bank stated that recent data has bolstered confidence that inflation will continue to move towards 2% target, despite ongoing risks to the Read more…
The 16-inch MacBook Pro is one of several of Apple’s newest computers and iPads that FCC reports indicate have a Thread radio. | Photo by Amelia Holowaty Krales / The Verge When Apple announced the Read more…
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet Read more…
AUDCAD is trading sideways, above upside channel RSI and MACD corroborate the lack of momentum A break above 0.9125 could shift the bias to the upside A dip below 0.9000 may only confirm a larger Read more…
In most cases a company files Chapter 11 when it realizes it can’t pay all its bills but believes it can find new funding or make deals with its creditors if it gains some breathing Read more…
TheStreet’s Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Tuesday, June 4. Related: Stock Market Today: Stocks higher on Fed rate cut Read more…
Daily Pivots: (S1) 1.0853; (P) 1.0885; (R1) 1.0910; More… Intraday bias in EUR/USD remains neutral for the moment, as consolidation continues below 1.0915. Further rally is expected as long as 1.0788 support holds. Break of Read more…
Daily Pivots: (S1) 0.8867; (P) 0.8919; (R1) 0.8954; More…. Intraday bias in USD/CHF is turned neutral with 4H MACD crossed above signal line. Strong rebound from current level, followed by break of 0.8987 support turned Read more…