A worldwide slowdown, particularly in China, is alleviating inflationary pressures, particularly for essential imports and commodities. The Chinese CPI data will come out on Friday at 01:30 GMT, giving some signs of the aussie’s next Read more…
The iPhone is officially the most popular smartphone in the U.S, good news for Apple as it readies to roll out its next slate of mobile hardware Wednesday. What kind of smartphone is in your Read more…
Russia accelerated Europe’s historic energy crisis with the ‘indefinite’ shutdown of the Nordstream natural gas pipeline, heaping further pressure on the beaten-down single currency. U.S. equity futures moved higher Tuesday, while the dollar traded near Read more…
The Japanese yen is renewing 24-year lows against the dollar, and so far, policymakers have no safe tools to stop this decline. The USDJPY was above 141 on Tuesday morning, last seen in the first Read more…
GBPUSD charted a 30-month low just above the pandemic low of 1.1408 on Monday before turning green for the first time after a week. The price managed to rise as high as 1.1600 earlier today Read more…
ECB preview: The big question this month is not if the ECB will hike but whether it be by 50 or 75 basis points? A 50 or 75 basis points hike? The ECB raised interest Read more…
Cable edged higher in Asian / European trading on Tuesday, boosted by cautious optimism that new UK Prime Minister Liz Truss will manage handle deepening crisis, though market will look for a much more evidence Read more…
The Australian dollar is in negative territory today. In the European session, AUD/USD is trading at 0.6763, down 0.51%. RBA raises by 50bp The RBA isn’t getting much love, even after raising rates by 50 Read more…
The merger between Donald Trump’s media group and Digital World Acquisition could collapse this week without a shareholder-approved extension, Reuters reported Monday. Digital World Acquisition (DWAC) , the so-called blank check company that is planning Read more…
Good morning and welcome to Tuesday’s Daily Authority. I’m feeling accomplished this week after managing to snag a bed, mattress, fridge, and sofa for my new apartment without breaking a sweat. Ok, that last bit Read more…