USDJPY is consolidating after a three-day pullback from new multi-month high (151.72) resulted in another failure to register weekly close above psychological 150 barrier (basically the pair last time closed the week above 150 level Read more…
Apple AAPL shares nudged only modestly higher in pre-market trading Monday after Foxconn, the world’s biggest iPhone assembler, stuck to its full-year forecasts amid a surprise October sales dip. Taiwan-based Foxconn, arguably the most important company is Read more…
Tesla TSLA shares jumped higher in pre-market trading Monday following a report that suggested the carmaker is close to unveiling plans to build the cheapest version of its electrified vehicles at a plant near Berlin. Reuters reported Read more…
AUDUSD remains constructive and consolidating around 0.65 level on Monday, after 2.8% surge on Friday, sparked by weaker than expected US labor data which deflated US dollar on fading prospects of further rate hikes and Read more…
Wall Street will look to hold onto the best rally of the year this week as investors face a five-day run bereft of headline risks put packed appearances from with Federal Reserve officials that could Read more…
U.S. equity futures edged higher Monday, following on the from the best week for the S&P 500 benchmark since November of last year, as investors pulled rate cut bets forward into early spring following a Read more…
According to Friday’s data, in the US: → the unemployment rate rose to 3.9% (expected = 3.8%). The last time the level was this high was in February 2022. → the number of workers employed Read more…
It is a classic economic puzzle akin to the chicken-and-egg dilemma: as interest rates reach their highest levels in over two decades, which vital component of the economy will give way first—spending or employment? When Read more…
Eurozone’s Sentix Investor Confidence Index rose from -21.90 to -18.6 in November, marking the highest level since June and surpassing analysts’ expectations of -22.5. The details of the report are also encouraging, with Current Situation Read more…
GBPUSD bulls held grip at the start of the week and cracked psychological 1.2400 barrier, in attempts to extend Friday’s nearly 1.5% advance. Fresh risk appetite gave strong boost to sterling, in addition to BOE’s Read more…