Key Highlights GBP/USD started a fresh decline and traded below 1.3400. A key bearish trend line is forming with resistance at 1.3485 on the 4-hour chart. EUR/USD extended losses and dived below 1.1620. Crude Oil Read more…
Economic challenges facing the wine industry have led to a surge in winery closings and, in some cases, bankruptcies. A significant decline in industry revenue over the last six years, since the beginning of the Read more…
Gold weakened sharply overnight as markets moved past the initial geopolitical shock of the widening Middle East conflict and began repricing the Federal Reserve outlook. The early safe-haven surge faded as investors reassessed the broader Read more…
JPMorgan Chase (JPM) CEO Jamie Dimon stepped in front of the cameras Monday with Wall Street desperate for a measured voice. The U.S. and Israel had struck Iran over the weekend, oil markets were rattled, Read more…
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China’s February PMI data revealed a widening divide between official indicators and private surveys, highlighting the uneven nature of the country’s economic transition. The official manufacturing PMI, released by the National Bureau of Statistics of Read more…
Millions of federal student loan borrowers may soon face higher monthly payments and fewer repayment protections. The Department of Education has proposed sweeping changes under the Reimagining and Improving Student Education, or RISE, rule. If Read more…
Japan’s service sector maintained steady momentum in February, with the final PMI Services reading edging up to 53.8 from January’s 53.7. The figure marks the strongest level since May 2024 and signals continued expansion in Read more…
Australia’s economy expanded faster than expected in the fourth quarter, reinforcing concerns that domestic demand may still be running hotter than the RBA would like. GDP grew 0.8% qoq, beating forecasts of 0.7% and accelerating Read more…
Minneapolis Fed President Neel Kashkari said the escalating conflict in the Middle East has significantly clouded the policy outlook, undermining earlier confidence that easing inflation would pave the way for rate cuts. Kashkari noted that Read more…