China’s official PMI data for April showed the economy maintaining modest expansion, but with a clear divergence between sectors. PMI Manufacturing edged down slightly from 50.4 to 50.3, staying in expansion for a second month. Read more…
Key Highlights GBP/USD corrected gains and tested the 1.3450 support. A declining channel is forming with resistance at 1.3560 on the 4-hour chart. Gold prices are moving lower below the $4,650 support. The US GDP Read more…
Japan’s industrial production declined -0.5% mom in March, falling short of expectations for a 1.1% increase. The drop was broad-based, with output declining in 8 of 15 sectors. The downturn was led by petroleum-related products, Read more…
New Zealand business confidence deteriorated sharply in April, with ANZ’s headline index plunging from 32.5 to -10.6, highlighting a rapid shift in sentiment amid rising cost pressures. Firms’ own activity outlook also fell significantly from Read more…
Gold’s selloff is accelerating as a powerful macro combination weighs on the metal. Instead of acting as a safe haven, gold is being squeezed by rising oil prices and higher bond yields. A retest of Read more…
Most working Americans are aware — and most financial professionals agree — that 401(k) plans and Individual Retirement Accounts (IRAs) are important retirement savings tools. In my years reporting on personal finance matters, I’ve unfortunately Read more…
Corning (GLW) stock pulled back about 1% after earnings, following a massive run in which shares gained roughly 250% over the past year. The reaction looks odd at first glance because Optical demand tied to Read more…
The Fed maintained its policy stance unchanged, as widely expected. Stephen Miran dissented in favour of a rate cut, while three participants dissented against maintaining an easing bias. Powell announced he continues as a Fed Read more…
The FOMC kept the stance of policy and their outlook unchanged in April as expected, at Powell’s last meeting as FOMC Chair. As expected, the FOMC kept the stance of policy unchanged at its April Read more…
The Federal Open Market Committee (FOMC) held the policy rate steady at the target range of 3.5%-3.75% for a third consecutive meeting. There were only a few minor changes to the policy statement. While the Read more…