Atlanta Fed President Raphael Bostic said today, “there is a risk inflation is likely to be elevated for an extended period of time and we need to respond directly, clearly and aggressively.” “If things continue Read more…
New Bundesbank President Joachim Nagel said in his swearing in ceremony, “it’s true that high inflation rates can be attributed to special effects that expire automatically. But not entirely. I see a danger that inflation Read more…
Nasdaq out of correction territory following late-session rally Asia mixed amid China lockdowns, but European stocks and US futures up Powell testimony eyed as March rate hike speculation intensifies Dip buyers return to save the Read more…
Canva Cost of goods sold are direct costs, including costs of material and labor associated with the production of goods. What Is Cost of Goods Sold? Cost of goods sold is the expense tied to Read more…
Record China sales, as well as a price target boost from Morgan Stanley, has Tesla shares on the move again Tuesday. Tesla (TSLA) – Get Tesla Inc Report shares moved higher again Tuesday, trading firmly over Read more…
WTI oil rises on Tuesday, signaling that pullback after repeated failure at psychological $80 barrier was shallow and short-lived (contained by rising 5DMA). The overall sentiment remains positive on tight global supply and expectations that Read more…
Stocks futures move higher following Monday’s storming tech rally; Powell faces re-nomination hearing in Washington; Fed’s Clarida steps down amid trading controversy; Tesla sees record December sales and Pfizer says it can have an Omicron-focused Read more…
Spot gold rises for the third straight day, driven by overall weaker dollar. Recovery from $1782 (2022 low posted on Jan 7) rose above pivotal $1800 barrier (psychological/200DMA), retracing over 50% of $1831/$1782 bear-leg, with Read more…
The dollar regained traction in early Tuesday after being in red four days, as pullback from 2022 high (116.35) faces strong headwinds at 115.00 support zone (psychological/Fibo 38.2% of 112.53/116.35/rising 20DMA). The corrective dip should Read more…
GBP/CHF rises strongly to as high as 1.2605 so far today week. Current development argues that correction from 1.3070 has completed with three waves down to 1.2134. That came just ahead of 50% retracement of Read more…