Aussie is coming down very sharply and impulsively, ahead of RBA this week, so looks like technically are pointing down, but RBA hawks can be back after latest jump in CPI figures. Any hawkish view Read more…
Dell is planning big job cuts as PC market conditions “continue to erode with an uncertain future”. Updated at 6:11 am EST Dell Technologies (DELL) – Get Free Report is set to slash around 5% of Read more…
With more cars now eligible for the Treasury’s $7,500 tax credit, Tesla is raising U.S. prices amid what Elon Musk has called ‘historic’2023 demand. Tesla (TSLA) – Get Free Report shares edged higher Monday trading following Read more…
BoE MPC member Catherine Mann, a known hawk, said in a speech that “we need to stay the course, and in my view the next step in Bank Rate is still more likely to be Read more…
Stock futures lower as market re-set Fed rate bets; Week Ahead: Powell speech tops light earnings, data calendar; Tesla share edge higher following Model Y price hikes; Dell set to slash 6,600 jobs amid PC Read more…
Eurozone retail sales volume dropped -2.7% mom in December, worse than expectation of -2.5% mom. The volume of retail trade decreased by -2.9% for food, drinks and tobacco and by -2.6% for non-food products, while Read more…
UK PMI Construction dropped slightly from 48.8 to 48.4 in January, below expectation of 49.5. S&P Global noted that residential work had the steepest drop for 32 months. New orders and employment continued to decrease. Read more…
Eurozone Sentix Investor Confidence rose from -17.5 to -8.0 in February, above expectation of -11.8. That;s also the highest since March 2022. Current Situation Index rose from -19.3 to -10.0, highest since June 2022. Expectations Read more…
EURUSD opened with a slight negative gap on Monday around 1.0780 following Friday’s post-NFP crash, which erased February’s gains and squeezed the price below its 20-day exponential moving average (EMA). Encouragingly, the positive trend from Read more…
Gold price started a fresh decline from the $1,960 zone against the US Dollar. The price declined heavily below $1,925 and moved into a bearish zone. The bears even pushed the price below the $1,900 Read more…