Fed’s Beige Book indicates that most Federal Reserve Districts experienced “slight or modest” economic growth, while two Districts saw no change in activity. The overall economic outlook has become more “pessimistic” due to increased uncertainty Read more…
OPEC+ oil producers might extend current supply cuts on Sunday June 2 Deeper cuts could be acceptable by major members but probably not for long Plans for capacity increases might cause some divisions within the group Geopolitical tensions, China outlook, Read more…
Key Highlights AUD/USD started a fresh decline from the 0.6680 resistance. It traded below a key contracting triangle with support at 0.6660 on the 4-hour chart. NZD/USD started a downside correction after a strong increase Read more…
GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December. The Read more…
USDJPY reversed from key support level 156.50 Likely to rise to resistance level 160.00 USDJPY currency pair recently reversed up from the key support level 156.50, former resistance which stopped the previous minor impulse wave Read more…
The Euro recently encountered resistance at the 1.0890 level against the US Dollar, prompting a downside correction. This decline was marked by a break below a key bullish trend line, with support situated at 1.0860 Read more…
Germany’s inflation rate is expected to be 2.4% in May 2024, measured by the year-on-year change in the consumer price index (CPI). Consumer prices are anticipated to rise by 0.1% compared to April 2024. Core Read more…
Sphere Entertainment’s (SPHR) Sphere Las Vegas has become the premier entertainment venue on the Las Vegas Strip, since superstar rock band U2 on Sept. 29, 2023, opened its U2/UV Achtung Baby Live at the Sphere residency. The Read more…
Lucid (LCID) CEO Peter Rawlinson just aired out some of his frustrations with the individuals behind some of Tesla’s (TSLA) latest business decisions. The millionaire executive, who once worked for Tesla as a chief engineer, Read more…
The one constant with oil prices is volatility. In just the past year U.S. crude has fluctuated between $67 and $94 a barrel. In 2024 the price has climbed 10% to $79 a barrel amid Read more…