UK labour market cools UK Manufacturing and Service PMIs decline The British pound is slightly lower on Tuesday, after climbing 0.68% a day earlier. In the European session, GBP/USD is trading at 1.2218, down 0.23%. Read more…
Daily Pivots: (S1) 1.0601; (P) 1.0640; (R1) 1.0707; More… Intraday bias in EUR/USD is turned neutral again as it retreated notably today after hitting 55 D EMA (now at 1.0684). On the upside, above 1.0693 Read more…
Euro’s forward drive this week faced a halt as subpar PMI readings painted a concerning picture for the Eurozone economy. The data fuels concerns that the Eurozone economy might be heading into deeper waters. At Read more…
In 2016, Elon Musk, the billionaire behind a growing list of tech and tech-adjacent companies, tweeted his way into a new venture: The Boring Company. It began as a rant about traffic-related frustrations; after a Read more…
RTX (RTX) – Get Free Report shares soared higher Tuesday after the defense contractor rode ‘historic’ demand to better-than-expected third quarter earnings that offset the impact of structural flaws found in its Pratt & Whitney engine division. Read more…
USDJPY skids, slipping below moving averages in 4-hour chart But selloff is already fading and rebound underway Bigger picture remains neutral USDJPY came under selling pressure during the past 24 hours, slipping to a one-week Read more…
EURUSD edged lower on Tuesday after three-day recovery acceleration faced increased headwinds on approach to psychological 1.0700 barrier, reinforced by falling 55DMA. Recently strength started to lose traction after weaker than expected EU/German PMI’s in Read more…
Updated at 7:35 am EDT 3M Co. (MMM) – Get Free Report shares powered higher in pre-market trading Tuesday after the industrial group posted stronger-than-expected third quarter earnings, and boosted its full-year profit forecast, as its Read more…
Economic activity in Europe is cooling, raising the spectre of an emerging recession in Germany and the whole eurozone. The PMI indices have proven to be a reliable indicator of the economic cycle for currency Read more…
RBA Governor Michelle Bullock emphasized the central bank’s ongoing commitment to stabilizing inflation and promoting job growth in her speech today. While the Governor acknowledged the possibility of maintaining the current cash rate level to Read more…