San Francisco Fed President Mary Daly, speaking at a conference overnight, expressed optimism about the Fed’s progress in controlling inflation. “Confidence is growing that we are getting nearer a sustainable pace of getting inflation back Read more…
Fed Chair Jerome Powell, speaking at an event overnight, highlighted that in Q2, the economy made “some more progress” on taming inflation. He noted that there have been “three better readings” on inflation, averaging them Read more…
Key Highlights Gold is gaining bullish momentum above the $2,400 support zone. A key bullish trend line is forming with support at $2,395 on the 4-hour chart. EUR/USD could continue to rise toward the 1.1000 Read more…
China’s Q2 activity data again highlighted disparate conditions across the economy. New industry continues to surge ahead, but the consumer is being left behind. China GDP disappointed in Q2, gaining 0.7% after a 1.6% increase Read more…
Increased investor confidence fueled by a $1.04 billion inflow into Bitcoin Spot ETFs. Bitcoin miners, particularly in the US, are accumulating Bitcoin in anticipation of another potential rally, with Marathon Digital Holdings aiming to significantly Read more…
Natural gas broke key support level 2.200 Likely to fall to support level 2.00 Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from Read more…
GBPNZD broke pivotal resistance level 2.1190 Likely to fall to support level 2.00 GBPNZD recently broke above the pivotal resistance level 2.1190, which reversed the price multiple times from March to May. The breakout of Read more…
According to the Bank of Canada Business Outlook Survey (BOS), Canadian business sentiment remained unchanged and somewhat downbeat in the second quarter of 2024. The BOS indicator, a statistical summary of survey results, was -2.90 Read more…
Over its storied history, Japanese automaker Nissan (NSANY) has gained a reputation alongside native rivals like Toyota (TM) and Honda for providing inexpensive and reliable cars that enabled Americans and their families to get around. Read more…
Leaked documents revealed last month that a call center for Amazon’s (AMZN) One Medical primary care clinic failed to encourage patients to seek immediate medical attention after they disclosed urgent symptoms. The incidents involved elderly patients Read more…