Key Highlights EUR/USD seems to be finding bids near the 1.0675 level. A connecting bearish trend line is forming with resistance at 1.0760 on the 4-hour chart. GBP/USD trimmed gains and tested the 1.2660 support Read more…
China’s industrial production increased by 5.6% yoy in May, falling short of the expected 6.0% yoy and slowing from April’s 6.7% yoy. Despite this overall slowdown, the equipment and high-tech manufacturing sectors showed robust growth, Read more…
New Zealand’s BusinessNZ Performance of Services Index dropped significantly from 46.6 to 43.0 in May, marking the lowest level of activity for a non-COVID lockdown month since the survey’s inception in 2007. BusinessNZ Chief Executive Read more…
Minneapolis Fed President Neel Kashkari indicated in a CBS interview over the weekend that any interest rate cut is likely be towards the end of the year. Kashkari emphasized the necessity of gathering “more evidence” Read more…
EURCHF broke key support level 0.9565 Likely to fall to support level 0.9450 EURCHF recently broke below the key support level 0.9565, which stopped wave B in April, as can be seen from the daily Read more…
Gold is adding on Friday, and it appears that a flight to defensive assets, rather than the risk appetite that drove the price earlier this year, is behind it. Since the start of the week, Read more…
One of the more predictable shopping trends of 2024 is consumers looking for the best deals they can find. It may seem like an obvious point. As the cost of many goods and services has Read more…
People selling homes are often in a hurry to get the real estate deal done and move on to other things. But personal finance author and radio host Dave Ramsey has some important words for Read more…
Experts’ views vary widely about when the Federal Reserve will start cutting interest rates and by how much. Some expect one rate decrease this year, some expect two and some expect zero. Harvard economist Larry Read more…