EURCHF tumbled to a fresh seven-and-a-half year low of 0.9875 on Wednesday, extending the sharp selloff that began on June 9. The momentum indicators are deep in negative territory so further losses are likely in Read more…
The AUDUSD remains in red and pressuring key supports at 0.6761/58 (new two-year low, posted yesterday / 50% retracement of 0.5509/0.8007 rally). Soured risk sentiment on growing recession fears that boosted demand for safe-haven dollar, Read more…
The ISM Services Index continued to grow but at slower pace, shedding 0.6 percentage points (ppts) in June with a reading of 55.3, which is higher than the 54 expected by the consensus estimate. Combined Read more…
The New Zealand dollar continues to lose ground on Wednesday and is trading at 0.6139, down 0.49%. NZD/USD touched a low of 0.6124 on Tuesday, its lowest level since May 2020. The US dollar has Read more…
The Fremont Street area has become nearly as hot as the Las Vegas Strip. While the Las Vegas Strip has been known for the glitz and glamour of casino operators, including Wynn Resorts (WYNN) – Read more…
US ISM Services PMI dropped from 55.9 to 55.3 in June but beat expectation of 54.5. Looking at some details, business activity/production rose 1.6 to 56.1. New orders dropped -2.0 to 55.6. Employment dropped -2.8 Read more…
Markets There’s no letting-up in the euro sell-off. Yesterday’s steep decline met with follow-through losses today, even as risk sentiment, for example on equities, turned for the better. The likes of the EuroStoxx50 are adding Read more…
Fears over a recession continues to drive financial markets, with commodities feeling the heat Commodities: industrial demand concerns intensify Crude, Copper, Gold and Silver all sink Stocks: Respite for techs but outlook negative Dollar at Read more…
The pandemic caused a lot of food-service changes at the Disney World theme park in Florida, and one beloved experience has slowly been brought back. When people pay thousands of dollars to visit Disney World, Read more…
The month of July has been an unmitigated disaster for the euro – with only three trading sessions in the books, EUR/USD has declined a staggering 2.73%. Earlier in the day, the euro dropped to Read more…