ECB President Christine Lagarde said in Davos today, “Inflation by all accounts, whichever way you look at it, is way too high.” “There is determination at the ECB to bring (inflation) back in a timely Read more…
Netflix CEO Reed Hastings said resisting an ad-based platform was a “mistake”. The group’s fourth quarter earnings will provide an early test to that thesis. Netflix (NFLX) – Get Free Report shares edged lower Thursday as Read more…
The Bank of Japan, which has not changed interest rates for the past six years and remains fully committed to QE, sparked a strong market reaction by leaving policy unchanged today. The Bank of Japan Read more…
The Australian dollar has extended its slide on Thursday. AUD/USD is trading at 0.6884 in Europe, down 0.82%. Australian employment data disappoints Australia’s December employment report was weaker than expected, sending the Australian dollar sharply Read more…
Stock futures lower as Fed hawks, recession worries weigh; Housing starts in focus as mortgage rates extend slide; Procter & Gamble earnings on deck with price hikes in focus; American Airlines looks to follow rival Read more…
ECB Governing Council member Klaas Knot told CNBC today, “Our president has already announced that most of the ground that we have to cover we will cover at a constant pace of multiple 50 basis-point Read more…
In the long term, the EURUSD currency is expected to form a bearish cycle impulse consisting of five main sub-waves I-II-III-IV-V. Most likely, the market is in a bullish correction IV. This complex correction is Read more…
USDCHF slumped to test the former support area of 0.9085 on Wednesday before minimizing its losses to close the day around January’s lows of 0.9166. The price continued to hang around 0.9166 on Thursday, though Read more…
AUDUSD has been staging an impressive rebound after finding its feet at the 32-month low of 0.6169 in mid-October. Nevertheless, the pair has experienced a moderate pullback in the near term, with its latest advance getting Read more…
WTI crude oil futures are easing near the short-term simple moving averages (SMAs), which are ready to post a bullish crossover. The broader outlook is still bearish as the price remains beneath the long-term descending Read more…