New York Fed President John Williams told CNBC today, “A recession is not my base case right now. I think the economy is strong. Clearly financial conditions have tightened and I’m expecting growth to slow this Read more…
Markets Recent underperformance of EMU bond/interest rate markets versus the US continues. European investors kept a close eye at comments and speeches at the ECB forum in Sintra. Before and at the June 9 policy Read more…
US Conference Board Consumer Confidence Index dropped from 103.2 to 98.7 in June, below expectation of 100. That’s also the lowest level since February 2021 (95.2). Present Situation Index dropped slightly from 147.4 to 147.1. Read more…
President Michael Bayley gave some straight answers on pre-cruise covid testing and potentially dropping vaccine requirement at a Q&A during the cruise line’s President’s Cruise. Being on a cruise has largely returned to the same Read more…
The waterproof Kindle Paperwhite from 2018 starts at just $69.99 instead of $129.99. | Photo by Amelia Holowaty Krales / The Verge Planning on bringing books to the pool or beach this summer? Get an Read more…
Bitcoin and other major altcoins have merely bounced back and remain comfortably above their recent lows on signs that inflation in the US is indeed cooling and the Fed might be able to scale down Read more…
The Aussie dollar eases from one-week high on Tuesday after failing to benefit more from positive news that China slashed Covid quarantine for international travelers. The price action fell back below 10DMA (0.6951) which caps Read more…
Shallow pullback from new multi-year high (136.70) found solid ground at 134.26 (Fibo 23.6% of 126.36/136.70) and subsequent bounce accelerated on Tuesday, retracing over 76.4% of 136.70/134.26 pullback, and confirming that bulls regained full control. Read more…
June rollercoaster ride for Swissie It has been a tale of two Junes for the Swiss franc. USD/CHF rose about 400 points in the first half of the month and breached above the parity line. Read more…
Daily Pivots: (S1) 1.0550; (P) 1.0583 (R1) 1.0614; More… Intraday bias in EUR/USD remains neutral as consolidation continues. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 will Read more…