Sometimes a retailer shows clear signs that it’s headed for bankruptcy. The shelves begin to get bare and the inventory starts to get weird. In the lead-up to its bankruptcy filing, for example, Bed Bath Read more…
Daily Pivots: (S1) 144.28; (P) 144.92; (R1) 145.61; More… Outlook in USD/JPY is unchanged. Intraday bias remains neutral and further fall is in favor with 146.47 minor resistance intact. Break of 143.43 will bring retest Read more…
Daily Pivots: (S1) 1.3133; (P) 1.3180; (R1) 1.3215; More… GBP/USD is extending the consolidation from 1.3265 and intraday bias stays neutral for now. Downside of retreat should be contained well above 1.3043 resistance turned support Read more…
The Canadian economy grew by 2.1% quarter/quarter annualized (q/q) in 2024 Q2, while 2024 Q1 was revised higher (+0.1% q/q from +1.7%). Stripping out external factors, final domestic demand came in at a very strong Read more…
Car insurance is required to drive legally in almost every state. Liability insurance is a must, but full coverage — which is optional and includes comprehensive and collision insurance — could be worth the added Read more…
Daily Pivots: (S1) 1.1043; (P) 1.1091; (R1) 1.1127; More…. EUR/USD’s retreat continues to extend lower today, but downside is contained well above 1.1007 resistance turned support. Intraday bias remains neutral and larger rally is still Read more…
Dollar is showing mild strength in early US session despite slightly disappointing PCE inflation data. While the data reinforces the likelihood of a 25bps rate cut by the Fed in September, it does little to Read more…
“It’s Glowtime,” Apple (AAPL) said in the invitation to its September 9 event when it will release its iPhone 16 series. As usual, the invitation did not reveal much information about Apple’s new products. But Read more…
The Federal Reserve’s preferred measure of inflation held steady in July, suggesting the central bank can continue to shift its focus to the cooling job market as price pressures ease into the autumn months. The Read more…
Canada’s economy posted growth of 0.5% qoq in Q2, slightly up from the 0.4% seen in Q1. This growth was driven by higher government consumption, increased business investment in engineering structures and machinery, and a Read more…