Selloff in Euro accelerates again today, as Germany benchmark 10-year yield tumbles back below 0.8 handle. Swiss Franc and Sterling are also the weaker ones. Australian Dollar is supported by stronger than expected CPI reading, Read more…
Gold’s one-week decline from the 2,000 price vicinity has steered the commodity slightly beneath the 1,900 handle. The rolling over of the simple moving averages (SMAs), and the near completion of bearish crossovers of the Read more…
Germany’s economy ministry cuts 2022 GDP growth forecast to 2.2%, down from January’s projection of 3.6%. Nevertheless, 2023 GDP growth forecast is upgraded slightly from 2.3% to 2.5%. It expects Russia’s invasion of Ukraine, resulted Read more…
“After the short four to five-week impact of Omicron in December and January in the United States and many other parts of the world, the recovery continues to be robust,” said CEO Al Kelly. Visa Read more…
US goods exports rose USD 11.4B over the month to USD 169.3B in March. Goods imports rose USD 30.3B to USD 294.6B. Trade deficit came in at USD -125.3B, versus expectation of USD -105.0B. Wholesale Read more…
Things are bad when there is a need to look far into the past to draw support lines. EUR/USD is no exception in that regard. At the time of writing, EUR/USD had touched 1.05856 – Read more…
The iPhone 13 Mini and iPhone 13. | Photo by Vjeran Pavic / The Verge Apple is launching its DIY phone repair service in the US today, making spare parts available for the iPhone 12, Read more…
The single currency has fallen under 1.0590, below pandemic lows and at its lowest level since April 2017. The 1.0600 area for EURUSD has repeatedly worked as a turning point since 2015. In 1997 and Read more…
The Australian dollar has finally turned things around after a nasty four-day slide. AUD/USD as much has 330 points during that time but is currently trading at 0.7149, up 0.37% on the day. CPI higher Read more…
A bigger-than-expected first quarter loss for Boeing has added to a mixed set of bluechip earnings, offsetting a big jump for Microsoft amid the busiest reporting week of the year. U.S. equity futures looked to Read more…