Nio has strong growth ambitions both in China and internationally, but the supply chain could stand in its way. Fiscal 2021 was a rough year for Chinese electric vehicle maker Nio (NIO) – Get NIO Read more…
Summary United States: From Factories to Construction Sites, Supply Shortages Slow Activity Economic reports this week for both manufacturing and homebuilding shared two main themes: disappointing headline numbers, but plenty of backlogs for future work. Read more…
As the conflict in Ukraine remains frozen for now, markets have started shifting their attention also to other topics, especially monetary policy signals. Despite volatile oil prices rising again to USD/bbl 120 after Russia demanded Read more…
The Fed keeps warning it will need to roll out the big guns in its battle against inflation. Traders have priced in faster rate increases to reflect this shift but the dollar hasn’t really benefited. Read more…
Markets Europe’s aspiration to cut reliance on Russian fossil energy by two-thirds end 2022 and almost completely by 2024 became a little bit more concrete today. The continent announced an agreement with the US under Read more…
The Australian dollar remains well supported, with strong gains against Japanese yen, underpinning the AUDUSD pair. Aussie advanced around 5% vs the US dollar and 10% vs yen in past almost two weeks, as Japanese Read more…
The iPhone maker seems to have found yet another new way to keep growing its revenue. In the beginning there was the Macintosh. Then came the iPod, iPhone, iPad and Apple Watch and everything in Read more…
Daily Pivots: (S1) 1.0971; (P) 1.0993; (R1) 1.1019; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. On the downside, below 1.0899 minor support will turn bias back to the downside for 61.8% Read more…
Daily Pivots: (S1) 1.3158; (P) 1.3186; (R1) 1.3215; More… GBP/USD is staying in range trading and intraday bias remains neutral at this point. On the downside, break of 1.3119 minor support will turn bias back Read more…
Daily Pivots: (S1) 0.9283; (P) 0.9314; (R1) 0.9333; More…. Intraday bias in USD/CHF remains on the downside as fall from 0.9459 is in progress. Sustained break of 55 day EMA (0.9255) will target 0.9149 structural Read more…