Investors hopes of a clear Fed ‘pivot’ face a stern test Wednesday as Chairman Powell prepares yet another jumbo rate hike amid stubborn inflation pressures and a tight jobs market. Investors looking for a clear Read more…
USDJPY has been in a prolonged uptrend for almost two years, crossing above its historical resistance levels to reach consecutive multi-year highs. However, the pair has been trading sideways in the last few daily sessions as its rally appears to Read more…
The US Dollar started a fresh decline from well above the 150.00 zone against the Japanese Yen. The USD/JPY pair traded below the 149.50 level to move into a short-term bearish zone. The pair traded Read more…
Apple faces further disruption at its key iPhone factory in China after city officials in Zhengzhou ordered a seven-day lockdown to tame a fresh Covid outbreak. Apple (AAPL) – Get Apple Inc. Report shares moved lower Read more…
The mounting system attaches a Leica M-series lens to Xiaomi’s phone. | Image: Agatha Tang Xiaomi’s new concept phone allows a full size Leica camera lens to be attached to the back of a prototype Read more…
“I do think the PC business will recover as we go into 2023, but we’ll have to work through these dynamics over the next quarter or so,” said CEO Lisa Su. Advanced Micro Devices (AMD) Read more…
Eurozone PMI Manufacturing was finalized at 46.4 in October, down from September’s 48.4. Manufacturing Output Index was finalized at 43.8, down from prior month’s 46.3. Both were the lowest reading in 29 months. Looking at Read more…
Stock futures edge higher as fed decision looms; Fed Preview: pivot unlikely as Powell stays focused on inflation fight; AMD leaps as gaming, data center chip sales impress in Q3; Mondelez higher on Q3 earnings Read more…
The USDJPY chart shows the formation of a global impulse trend, which consists of cycle waves. In recent months, we have seen the price creeping up in the cycle wave V, more precisely in its Read more…
NZDUSD rebounded off the 31-month low of 0.5510 in the mid-October. Currently, the market is advancing above the 50-day simple moving average (SMA) with the technical oscillators showing positive signs as well. The MACD is Read more…