Urban areas now account for 55% of the global population, according to Bank of America analysts. This is the age of urbanization. Urban areas now account for 55% of the global population, according to Bank Read more…
The US consumer price index accelerated by 8.6% in May from 8.3% a month earlier. The new data exceeded expectations, rebutting hopes that US inflation is already slowing. Today’s inflation report is the last big Read more…
Markets Yesterday’s ECB meeting will go down in history books as one of the most important ones. The central bank committed to kill off surging inflation by ending asset purchases and hiking rates from July Read more…
Retail sales data are released monthly to gauge consumer spending and help to measure economic growth. Canva What Are Retail Sales? Retail sales are an important monthly indicator of the U.S. economy, helping to gauge Read more…
GBPUSD has been in a downtrend after it failed to jump beyond the 1.2600 region, generating a profound structure of lower highs and lower lows. Additionally, the price has sharply dropped beneath both the 200-period Read more…
Tesla CEO Elon Musk, who has made his name and brand on innovation, comes to the aid of an industry that’s threatened by — progress. Elon Musk is the disrupter in chief. Tesla’s (TSLA) – Read more…
As expected, euro buyers’ optimism faded immediately after the ECB press conference began, returning EURUSD back below 1.0600. Shortly after the initial surge in reports of an actual reversal in ECB policy, investors and traders Read more…
The Canadian labour market gained 40k positions in May, with full-time employment up 135k and part-time employment down 96k. The unemployment rate dropped by 0.1 percentage points, to 5.1%. The participation rate was unchanged at Read more…
Consumer price inflation rose by 1.0% month-over-month (m/m) in May – an acceleration from the 0.3% recorded the month prior. On a year-over-over basis, inflation accelerated by 0.3 percentage points from April, rising to 8.6%. Read more…
Daily Pivots: (S1) 133.53; (P) 134.04; (R1) 134.90; More… Intraday bias in USD/JPY stays neutral as consolidation from 134.55 is still extending. Downside of retreat should be contained above 131.34 resistance turned support. Break of Read more…