SNB Chair Martin Schlegel indicated that “further interest rate reductions” might be necessary in the coming quarters to uphold “price stability” over the medium term. At an event overnight, Schlegel highlighted that SNB’s current priority Read more…
Addressing the House of Commons Standing Committee on Finance, BoC Governor Tiff Macklem explained the rationale behind last week’s 50bps rate cut, highlighting that “inflation is now back to the 2% target”. He emphasized that Read more…
UK Autumn Budget anticipation mounts as markets remain calm, unlike during the ‘Trussonomics’ era. GBP/USD faces a critical juncture at the 1.3000 level, with potential for both upside and downside breaks. GBP/JPY nears the 200.00 Read more…
Gold broke resistance level 2750.00 Likely to rise to resistance level 2800.00 Gold recently broke above the minor resistance level 2750.00 (which stopped the previous minor impulse wave 1 earlier this month). The breakout of Read more…
GBPAUD broke resistance zone Likely to rise to resistance level 2.0000 GBPAUD currency pair recently broke the resistance zone located between the resistance level 1.9700 (former multi-month high from September) and the 61.8% Fibonacci correction Read more…
McDonald’s (MCD) is facing a lot of headwinds, and the gusts are making it more challenging for the company to significantly repair its weak sales. The fast-food chain just recently revealed its third-quarter earnings report Read more…
What had once been Adidas’ biggest collaboration soon turned into its biggest regret, leading to a tumultuous multi-year feud. However, the company has finally woken up from its nightmare and is seeing the fruits of Read more…
Consumer attitudes toward spending have been volatile since the summer months. Confidence deteriorated last month, according to the Conference Board’s Consumer Confidence Index, as the index declined by over 6 points, from 105.6 in August Read more…
Hardly a day goes by when you don’t read or hear about a store closing. Or maybe even an entire retail chain. It’s been going on for years, but the picture today is actually quite Read more…