Chicago Fed President Charles Evans said today’s CPI data was the first “positive” reading since Fed started tightening. Yet, inflation is still “unacceptably” high”. He expects Fed to continue to raise interest rate to 3.25-3.50% Read more…
Now you can buy leveraged ETFs for single stocks, including Nvidia, PayPal, Nike and Pfizer. Beware. You’re probably familiar with leveraged exchange-traded funds, which can offer two or three times the daily gain or loss Read more…
Tesla stock is rallying even after Elon Musk sold almost 8 million shares valued at $6.7 billion. Here are the two key levels to know now. Tesla (TSLA) – Get Tesla Inc. Report shares are rallying Read more…
Norwegian, the first cruise line to drop mandatory covid vaccinations for U.S. sailings, sees calmer waters ahead. Norwegian Cruise Line (NCLH) – Get Norwegian Cruise Line Holdings Ltd. Report dropped mandatory covid vaccinations on sailings Read more…
US consumer inflation slowed to 8.5% in July from 9.1% a month earlier. As we had pointed out, the fact was noticeably lower than the forecasted 8.7%, and this caused an immediate market reaction. FedWatch Read more…
USDCHF broke key support level 0.9480 Likely to fall to support level 0.9300 USDCHF currency pair recently broke the key support level 0.9480 (which stopped the earlier minor impulse wave 1 at the start of Read more…
EURUSD broke key resistance level 1.0260 Likely to rise to resistance level 1.0370 EURUSD just broke the pivotal resistance level 1.0260 (which has been repeatedly reversing the pair from the middle of July). The breakout Read more…
Another year, another new Galaxy Z Fold foldable. Samsung has just wrapped its latest Galaxy Unpacked event where, as expected, it announced two foldables, new smartwatches, and an update to its Galaxy Buds Pro line. Read more…
The Galaxy Z Fold 4 and Z Flip 4 are Samsung’s latest generation of foldable phones. | Image: Samsung After its recent announcements at the August 10th Unpacked event, Samsung’s latest generation of foldable phones Read more…
Daily Pivots: (S1) 1.2853; (P) 1.2876; (R1) 1.2909; More… USD/CAD’s break of 1.2817 minor support suggests that fall from 1.3222 is resuming. Intraday bias is back on the downside for 61.8% projection of 1.3222 to Read more…