Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… Intraday bias in GBP/USD remains on the downside despite some volatility during today. Recovery from 1.2486 should have completed at 1.2810. Retest of 1.2486 should be Read more…
Both Sterling and Japanese yen are among the weakest-performing currencies today, following their respective central banks meetings. BoE left rates unchanged at 4.75%, but the surprise came from a dovish shift in the MPC, with Read more…
US initial jobless claims fell -22k to 220k in the week ending December 14, below expectation of 240k. Four-week moving average of initial claims rose 1k to 224k. Continuing claims fell -5k to 1874k in Read more…
If you look at the gains among the Magnificent 7 tech stocks, you might be surprised to see that Microsoft (MSFT) ranks last, up 16%, which underperforms both the S&P 500 (up 23%) and Nasdaq Read more…
Although car brands like Chrysler, Dodge, Jeep, and Ram Trucks are familiar names known to many American buyers from Stellantis’s 14 brands, some brands are considered protected institutions in other countries. While four of Stellantis’s Read more…
Cruise lines usually do a good job communicating changes to passengers. Sometimes there’s not much time to communicate, such as when weather forces a change of port. In such cases the cruise line will make an Read more…
Image: One NZ SpaceX’s satellite-to-cell Starlink service has hit a nationwide coverage milestone in New Zealand — albeit with a few limitations. One NZ says it’s the first telecommunications company globally to power a nationwide Read more…
USDJPY spiked to new multi-month high on Thursday, after Bank of Japan kept interest rates unchanged in today’s policy meeting, adding to positive signals for dollar from Fed’s hawkish rate cut on Wednesday. Although BoJ’s Read more…
The New Zealand dollar had a miserable Wednesday, plummeting 2.3%. NZD/USD has reversed directions Thursday and is trading at 0.5659 in the European session, up 0.66% on the day at the time of writing. The Read more…
Market picture The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial markets following comments from the Federal Reserve. Capitalisation fell to $3.51 trillion, and at the low it dipped below $3.48 Read more…