Markets US producer price inflation rose by 0.1% M/M in July for the headline number and stabilized for the gauge excluding food and energy. Both were below consensus (+0.2% M/M), resulting in sharper-than-expected drops in Read more…
Target is reducing prices on basic items this summer. The retail giant announced in May that it had made price cuts on 1,500 frequently shopped items and was planning additional price cuts on “thousand more Read more…
Daily Pivots: (S1) 146.43; (P) 147.32; (R1) 148.11; More… Intraday bias in USD/JPY stays neutral and outlook remains bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below Read more…
Daily Pivots: (S1) 0.8623; (P) 0.8667; (R1) 0.8697; More… Intraday bias in USD/CHF stays neutral first. Outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor Read more…
Daily Pivots: (S1) 1.2743; (P) 1.2769; (R1) 1.2790; More… GBP/USD is still capped below 1.2839 resistance despite today’s rally. Intraday bias stays neutral first. On the downside, break of 1.2664 will resume the fall from Read more…
In recent years, the multi-level marketing (MLM) business model has fallen under intense scrutiny. Under this system, people pay to become representatives of a company, essentially salespeople, and they make a commission on selling products. Read more…
Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. Immediate focus is on 1.0944 minor resistance in EUR/USD. Firm break there will indicate that pullback from 1.1007 has completed at 1.0880 already. Retest of 1.1007 Read more…
Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury Read more…
Tesla CEO Elon Musk on Nov. 21, 2019, unveiled the electric brand’s attempt at a pickup truck. Among the features that Musk boasted about his polygon-shaped pickup included “bulletproof” glass, up to 500 miles of range, Read more…
A key business sector could challenge Wall Street’s recession forecasts over the coming months, a closely tracked report indicated Wednesday, as the broader economy continues to outperform in the face of sticky inflation and elevated Read more…