Australian Dollar is having a robust, broad-based rally today, boosted by unexpectedly strong CPI data. This inflation report is particularly notable given the unexpected reacceleration in monthly CPI in March, which contributed to the quarterly Read more…
Here’s an explanation on why Tesla’s shares rose before issuing its first-quar earnings report. The shares had fallen so hard and so fast that some investors found the opportunity irresistible. On Monday, Tesla (TSLA) hit Read more…
Key Highlights GBP/USD is recovering higher from the 1.2300 support. It broke a connecting bearish trend line with resistance at 1.2420 on the 4-hour chart. EUR/USD is consolidating and aiming for a move above 1.0750. Read more…
Inflation was a bit higher than expected in the March quarter. It is declining, but it has a way to go for the RBA to be confident of returning to the 2–3% target range on Read more…
In Q1, Australia’s CPI slowed from 4.1% yoy to 3.6% yoy, exceeding market expectations of 3.4% yoy. Similarly, trimmed mean CPI, which excludes volatile price items and provides a clearer view of underlying inflation trends, Read more…
New Zealand’s goods exports rose 3.8% yoy to NZD 6.5B in March. Goods imports fell -25% yoy to NZD 5.9B. Monthly trade balance was a surplus of NZD 588m, versus expectation of NZD -505m deficit. Read more…
WTI crude oil reversed from support zone Likely to rise to resistance level 86.00 WTI crude oil recently reversed up from the support zone lying between the round support level 80.00 (low of wave (iv) Read more…
USDCAD reversed from long-term resistance level 1.3840 Likely to fall to support level 1.3600 USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Lawn care should be at the top of your priority list Read more…
Bayer (BAYRY) CEO Bill Anderson has devised a new plan to help tackle the company’s billion-dollar debt, and it involves getting rid of all of the organization’s middle managers and granting its roughly 100,000 employees Read more…