This company is bucking the trend with its high-end retail centers, Real Money’s Paul Price argues. If any conventional wisdom has survived the past few years, it’s this: shopping malls are on their way out. Read more…
The dollar continues to travel south in early Thursday, extending previous day’s 0.63% post-US CPI data drop (the biggest one-day fall since Oct 28). The dollar came under pressure after Fed Powell’s speech, which investors Read more…
In the monthly economic bulletin, ECB said, “the global economy remains on a recovery path, although persisting supply bottlenecks, rising commodity prices and the emergence of the Omicron variant of the coronavirus (COVID-19) continue to Read more…
Philadelphia Fed President Patrick Harker said in an FT interview, “I currently have three increases in for this year, and I’d be very open to starting in March. I’d be open to more if that’s Read more…
USDCHF has been marching higher in the medium-term, creating a profound structure of higher highs and higher lows. However, in the last few sessions the pair has experienced a moderate pullback as the price dived Read more…
EURJPY continues its advance from the December lows, amid persistent positive momentum. Moreover, the pair’s successive higher lows together with the recent golden cross, where the 50-period simple moving average (SMA) has crossed above the Read more…
AUDUSD opened Thursday’s session on a positive note, aiming to repeat Thursday’s rally, which cracked the ceiling around 0.7274. The price has already recovered half of November’s sell-off to trade at a 2-month high, with Read more…
Most Asian shares ventured into negative territory this morning while European stocks markets have opened up marginally lower open after the December U.S. inflation report reinforced Fed rate hike expectations. The U.S. consumer price index Read more…
WTI crude climbed higher after a larger-than-expected fall in US inventories. A close above the daily resistance at 79.00 was a strong bullish sign. Following a brief pause, the rally accelerated above 80.40. Sentiment remains Read more…
Gold edged higher as the US dollar softened across the board. The precious metal has met stiff selling pressure in the supply zone around 1830. This level used to support from last November’s sell-off. The Read more…