Sterling is on the verge of breaking down as risk-off sentiment intensifies into European session. EUR/GBP’s break of 0.8377 resistance now suggests that a short term bottom is formed at 0.8304 on bullish convergence condition Read more…
Two reported activist-lead takeover offers for Kohl’s has shares in the struggling department store retailer soaring Monday. Kohl’s (KSS) – Get Kohl’s Corporation Report shares soared in pre-market trading as private equity and activist investors line-up Read more…
Bundesbank said in the monthly report that Germany’s real GDP grew by 2.7% in 2021, not enough to compensate the -4.50% contraction in 2020. It added, “setbacks caused by the pandemic and bottlenecks on the Read more…
The Australian dollar is in negative territory to start the week. AUD/USD is down about one percent since Thursday as the pair remains under pressure ahead of the Australian CPI release on Tuesday. In the Read more…
Stock market rout deepens amid Fed and Ukraine worries, but US futures point to rebound Dollar and gold edge up, euro see-saws on mixed PMIs Fed meeting and major earnings to likely dictate market sentiment Read more…
Delta Airlines could face additional challenges in 2022 as the coronavirus and fuel inflation continue to affect travel, argues Stephen “Sarge” Guilfoyle. Delta Airlines could face additional headwinds in 2022 as personal and business travel Read more…
Stock futures slide amid Russia tensions, rate concerns; earnings in focus ahead of key week for big tech reports; Kohl’s shares soar as private equity suitors compete for department store retailer; Peloton under activist pressure Read more…
EURUSD continues to exhibit a lack of directional impetus, drifting between the 50-day simple moving average (SMA) at 1.1310 and the mid-Bollinger band at 1.1345. The falling SMAs are defending the broader downtrend that started Read more…
UK PMI manufacturing dropped form 57.9 to 56.9 in January, below expectation of 57.9. PMI Services ticked down from 53.6 to 53.3, well below expectation of 55.0. PMI Composite dropped from 53.6 to 53.4. All Read more…
Eurozone PMI Manufacturing rose from 58.0 to 59.0 in January, above expectation of 57.5, a 5-month high. PMI Services dropped from 53.1 to 51.2, below expectation of 52.2, 1 9-month low. PMI Composite dropped from Read more…