In an interview with MarketWatch, Chicago Fed President Austan Goolsbee indicated that the current economic data justifies multiple interest rate cuts, with the process beginning soon. Goolsbee pointed out that inflation is coming down “very Read more…
Forecasting is hard when even the past does not stand still. Local markets were heavily focused this week on the June quarter national accounts. Our note (PDF 712KB) on the subject highlighted the key points. Read more…
Key Highlights USD/JPY extended losses and traded below the 145.00 level. It traded below a key bullish trend line with support at 144.80 on the 4-hour chart. EUR/USD is attempting a fresh increase above the Read more…
Short Term Elliott Wave in Dow Futures (YM) suggests that pullback to 38532 low on 8.5.2024 ended wave ((4)). The Index then turned higher and made a new all-time high in wave ((5)) as an Read more…
AUDUSD reversed from support level 0.6700 Likely to rise to resistance level 0.6800 AUDUSD currency pair recently reversed up from the support level 0.6700 (which also reversed the price at the end of August) standing Read more…
Gold reversed from support level 2475.00 Likely to rise to resistance level 2535.00 Gold recently reversed up from the support level 2475.00 (former monthly high from July, which has been reversing the price from August) Read more…
The number of Americans looking to retire overseas has tripled over the past three decades — and over 760,000 retirees living internationally received Social Security payments in 2022. Many retirees seek greener pastures and lower Read more…
Another major company is hopping on a controversial trend in corporate America in order to avoid a Bud Light-style boycott. Molson Coors (TAP.A) a top U.S. beer company, has caved under pressure from its conservative Read more…
Battery-electric vehicles such as those made by Tesla are becoming the poster child for zero-emissions motoring and the focus of attention by some lawmakers when it comes to rules and regulations that dictate the kind of cars Read more…