Another scorching hot US inflation print has sent bond markets scrambling to price in aggressive Fed rate increases, but the dollar is trading like inflation has already peaked. Is this a turning point for the Read more…
Cable edged higher on Friday, following better than expected UK GDP data which partially offset negative impact from further rise in US inflation that fueled expectations for possible more radical action from Fed. Fresh advance Read more…
Inflation and central banks continue to set the tone in global financial markets. US inflation for January rose by more than consensus reaching 7.5%, which is the highest level in 40 years. The core inflation Read more…
Markets European stocks gapped lower today. They had some catching up to do with Wall Street, where Fed governor Bullard pounded equities with his aggressive policy comments in European after-market hours. Losses in the EuroStoxx50 Read more…
US stocks point to a firmer start after taking a hit yesterday following US inflation data. US futures Dow futures +0.14% at 35300 S&P futures +0.19% at 4512 Nasdaq futures +0.2% at 14748 In Europe Read more…
The Euro stands at the back foot on Friday following a bumpy ride after US inflation data on Thursday, but the action ended in a long-legged Doji candle, signaling strong indecision. Although Friday’s action is Read more…
Cleveland-Cliffs sees higher average selling prices for steel this year, but questions over the pace of auto sector demand continue to cloud its near-term outlook. Updated at 9:35 am EST Cleveland-Cliffs (CLF) – Get Cleveland-Cliffs Read more…
Royal Caribbean has followed Norwegian Cruise Line in relaxing a key safety protocol and investors may love that news. Royal Caribbean (RCL) – Get Royal Caribbean Group Report, along with rivals Carnival Cruise Lines (CCL) Read more…
The Mouse House has never been shy about charging more. Walt Disney (DIS) – Get Walt Disney Company Report regularly raises prices at its theme parks. Even in a year where the pandemic made visiting Read more…
AUDJPY has pushed over the mid-Bollinger band and is confronting the 83.00 handle after gaining some traction from the 200-period simple moving average (SMA). The longer-term horizontal SMAs are endorsing the broader neutral picture, while Read more…