RBA Assistant Governor Christopher Kent said in a speech today that monetary policy is “somewhat restrictive” and that tightening delivered earlier this year is working through economy. He pointed to higher borrowing costs and mortgage Read more…
Japan’s producer inflation eased slightly in July, but imported cost pressures remained elevated as weak Yen continued to amplify overseas price increases. Corporate Goods Price Index slowed from revised 7.3% to 7.2% y/y, undershooting 7.4% Read more…
GBPUSD: ⬇️ Sell – GBPUSD reversed from resistance level 1.3555 – Likely to fall to support level 1.3450 GBPUSD currency pair recently reversed down sharply from the key resistance level 1.3555 (which stopped the previous Read more…
Nikkei 225: ⬆️ Buy – Nikkei 225 broke daily down channel – Likely to rise to resistance level 70000.00 Nikkei 225 index recently broke the resistance trendline of the daily down channel from June – Read more…
Existing-home sales make up about 90% of home sales, writes the National Association of Realtors. Data about existing-home sales gives Americans insights into the U.S. housing market, including trends surrounding pricing, buying, and selling activity. Read more…
Target (TGT) has spent the past year trying to convince shoppers and investors that its turnaround is real. On Tuesday, it made a move to prove it. The retailer named its first-ever chief artificial intelligence Read more…
Nebius Group (NBIS) has trained its investors to brace for disappointment on days when the headlines look strong. In May, the company reported blowout first-quarter results, only to watch its stock fall almost 9% the Read more…
Home improvement and hardware store chains have battled lower sales in the last year as a sluggish housing market and consumers’ reluctance to spend on renovation projects in uncertain times affects their business. Smaller hardware Read more…
Nvidia (NVDA) sold its most valuable chips to the world’s biggest tech businesses in the AI boom. What is disconcerting is that some of those same consumers now are paying big to establish alternatives. Microsoft Read more…