USD/JPY continues to show little movement this week, in sharp contrast to Friday, when the pair jumped a massive 1.55%. In the European session, USD/JPY is trading at 135.02 down 0.09%. The yen had shown Read more…
The Australian dollar has posted slight gains today. AUD/USD is trading at 0.6974 in the European session, up 0.15%. Will US inflation report shake up currency markets? The economic calendar is light this week, with Read more…
Earlier today, a somewhat worrying report came out that a key point in the Rhine river would likely become impassable on Friday. It takes several days for the water to flow down the length of Read more…
Wall Street remains laser-focused on a crucial July inflation reading before the bell that could trigger near-term changes to Fed rate hike bets. U.S. equity futures nudged higher Wednesday, while the dollar slipped lower against Read more…
Palm oil and soybean oil have long been used in cooking, but their growing use as a biofuel is causing a spike in demand. Edible oil prices have hit record highs this year driven by Read more…
Disney needs to add more than 9 million streaming users each quarter in order to meet its September 2024 goal of between 230 million and 260 million global subscribers. Walt Disney (DIS) – Get The Read more…
Foxconn, Apple’s main iPhone assembler, forecast muted smartphone revenues for its September quarter amid waning global demand. Foxconn, the world’s biggest electronics manufacturer and Apple Inc.’s (AAPL) – Get Apple Inc. Report most important supplier, posted Read more…
“In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk said. Tesla (TSLA) – Read more…
Stock futures edge higher as July inflation reading looms; Gas prices key for July inflation pullback; Tesla holds gains as Elon Musk unloads $6.9 billion in shares; Coinbase slumps after wider Q2 loss amid bitcoin Read more…
Daily Pivots: (S1) 162.65; (P) 163.17; (R1) 163.70; More… Intraday bias in GBP/JPY stays neutral for the moment. Consolidation from pattern from 168.67 could extend further. On the upside, above 163.97 will turn bias to Read more…