Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany’s benchmark treasury yields. Read more…
Google parent Alphabet’s (GOOGL) – Get Free Report shares nudged higher Tuesday ahead of a fourth-quarter-earnings report, slated for after the close of trading, that’s likely to highlight the tech giant’s ongoing drive to infuse its digital-ad Read more…
Keeping customers happy has been a challenge since the covid pandemic created supply chain woes which left consumers unable to find their favorite brands on store shelves. Add in rising prices due to inflation, higher Read more…
ECB Governing Council member Boris Vujcic emphasizing that a “smooth transition” in monetary policy is more important then the timing of the first rate cut. Also, he’d prefer to move in smaller steps. “April or Read more…
EURJPY trims January’s gains within bullish channel Short-term risk skewed to the downside EURJPY started a new bearish cycle within a short-term upward-sloping channel, pulling from a one-and-a-half month high of 161.85 to reach a low Read more…
Pfizer (PFE) – Get Free Report posted a surprise fourth-quarter profit Tuesday, while sticking to its 2024 earnings forecasts, as better-than-expected sales from its primary-care division offset the ongoing slide in covid-related revenue. Adjusted earnings for Read more…
EURGBP slides but finds support at the lower end of a range A break below that support may turn the outlook bearish Both the MACD and the RSI detect downside momentum EURGBP entered a sliding Read more…
Gold rose to $2,040 per troy ounce on Tuesday morning, a two-week high. The positive momentum is being driven by risk appetite on global platforms. One of the reasons for the increase in demand for Read more…
The Australian dollar showed little reaction to the release of Australian retail sales earlier today. In the European session, AUD/USD is trading at 0.6600, down o.15%. Australia’s retail sales sink in December The markets were Read more…
Updated at 7:01 AM EST General Motors (GM) – Get Free Report posted better-than-expected fourth-quarter earnings Tuesday, as well as an upbeat 2024 profit forecast tied to what the carmaker described as a “resilient” U.S. economy. Read more…