Markets This morning, US and European interest rate markets continued yesterday’s ‘unusual’ disconnect. European markets still reacted to yesterday’s ‘implicit’ U-turn of Chair Lagarde. She backtracked on the ‘temporary inflation’ narrative and didn’t repeat the Read more…
Profit in Amazon’s Web Services cloud computing division clocked in at nearly $18 billion last quarter. Web3 proponents are doubling down to take a piece of the pie. Double-digit growth, record profit, a finger, toe Read more…
The mythical prancing horse brand on June 16 will unveil its EV electric vehicle strategy, but its CEO has already warned that its priority is to give customers what they want. Ferrari (RACE) – Get Read more…
Consumers may be getting sticker shock at the rapidly changing prices of groceries and other items. Mark Twain once famously said that if you don’t like the weather in New England, wait a minute. Consumers Read more…
A positive surprise on US employment. The official BLS report showed a jobs increase of 467K, markedly better than the expected 110-165K. Moreover, the previous data was seriously revised upwards and now reports employment growth Read more…
The U.S. economy gained an impressive 467k jobs in January, well above market expectations. January’s report also included the annual benchmark revisions to the payrolls numbers, and was a result the monthly gains in employment Read more…
The Canadian labour market lost 200k positions in January, worse than the consensus call for a loss of 120k positions. Full-time (-83k) and part-time (-117k) employment fell on the month. Even with the labour force Read more…
Daily Pivots: (S1) 1.1322; (P) 1.1386; (R1) 1.1505; More… No change in EUR/USD’s outlook and intraday bias stays on the upside. Considering bullish convergence condition in daily MACD, a medium term bottom could be in Read more…
Daily Pivots: (S1) 0.9175; (P) 0.9206; (R1) 0.9234; More…. Intraday bias is back on the upside in USD/CHF with break of 0.9250. Further rise would be seen back to 0.9341 resistance first. Break will target Read more…
Daily Pivots: (S1) 114.54; (P) 114.77; (R1) 115.20; More… Intraday bias in USD/JPY remains neutral at this point and outlook is unchanged. Overall, corrective pattern from 116.34 is extending. Below 114.14 will target 113.46 and Read more…