Recession worries are mounting as central banks around the world step up their fight against soaring inflation. The flash PMI readings for June will be watched for any clues that tighter monetary policy is choking Read more…
It has been an eventful week on the central bank front. The Fed delivered a historical 75bp hike to a target range of 1.5-1.75% and signalled that another 75bp hike in July is possible if Read more…
An inexpensive budget phone that could offer more Continue reading…
An inexpensive budget phone that could offer more Continue reading…
Markets It has been quite the roller coaster ride the past week. Sometimes it takes months to get to the same number of huge, surprising, market-moving events. From the ECB’s firm commitment to hike policy Read more…
Daily Pivots: (S1) 1.0422; (P) 1.0511 (R1) 1.0642; More… Intraday bias in EUR/USD remains neutral for the moment. Outlook will stay bearish as long as 1.0786 resistance holds. Sustained break of 1.0339/48 will resume larger Read more…
Daily Pivots: (S1) 1.2126; (P) 1.2266; (R1) 1.2491; More… Range trading continues in GBP/USD and intraday bias remains neutral. Outlook stays bearish with 1.2666 resistance intact. On the downside, break of 1.1932 will resume larger Read more…
Daily Pivots: (S1) 0.9535; (P) 0.9762; (R1) 0.9894; More… Intraday bias in USD/CHF remains on the downside and deeper decline could be seen to 0.9543 support. It’s viewed as the third leg of the corrective Read more…
Daily Pivots: (S1) 130.93; (P) 132.81; (R1) 134.11; More… USD/JPY is still bounded in range below 135.58 and intraday bias remains neutral. Outlook stays bullish as long as 131.34 resistance turned support holds. Above 135.58 Read more…
“We expect to continue delivering record performance in the second quarter, with each business segment meaningfully contributing to profitability,” said CEO David Burritt. U.S. Steel Corp. (X) – Get United States Steel Corporation Report shares jumped Read more…