Alibaba’s latest earnings report gave investors two very different numbers to digest, and the market appeared more interested in the one tied to artificial intelligence. The Chinese e-commerce and cloud giant reported revenue of RMB243.38 Read more…
Markets have been rallying on hopes that Middle East tensions are easing and a ceasefire is within reach. JPMorgan Chase CEO Jamie Dimon flew to Paris, sat down with Bloomberg, and pushed back on that Read more…
Daily Pivots: (S1) 157.59; (P) 157.75; (R1) 158.00; More… Intraday bias in USD/JPY remains neutral. On the upside, firm break of 157.92 will indicate that pullback from 160.71 has completed, and turn bias back to Read more…
Daily Pivots: (S1) 0.7798; (P) 0.7814; (R1) 0.7831; More…. Intraday bias in USD/CHF remains neutral as range trading continues. With 0.7847 resistance intact, further decline is expected. On the downside, decisive break of 0.7760 will Read more…
Daily Pivots: (S1) 1.3486; (P) 1.3518; (R1) 1.3553; More… Intraday bias in GBP/USD remains neutral as range trading continues. Further rally remains mildly in favor. On the upside, firm break of 1.3657 will resume the Read more…
Retail and food services sales rose 0.5% month-over-month (m/m) in April, in line with consensus expectations. However, sales gains were largely due to higher prices, with inflation picking up in April, real retail and food Read more…
Major retailers across the U.S. are accelerating investments in store remodels and expansion as competition intensifies between physical retail and rapidly growing e-commerce channels. U.S. online retail spending reached $1.34 trillion in 2024 and is projected Read more…
Daily Pivots: (S1) 1.1688; (P) 1.1714; (R1) 1.1734; More…. EUR/USD dips slightly today but stays in established range. Intraday bias remains neutral for the moment. Further rise is expected with 1.1642 support intact. On the Read more…
Risk sentiment remained broadly stable on Thursday as US equity futures edged higher alongside European stocks, extending the optimistic tone already dominating global markets this week. But while equities continued drifting along the existing AI- Read more…
Inflation readings can cause short‑term movements in mortgage rates by influencing expectations of future monetary policy. When those reports diverge from forecasts, markets often adjust their outlook for interest‑rate decisions, which can lead to temporary Read more…