PepsiCo is looking to cut hundreds of jobs at its north American snacks and beverages division, the Wall Street Journal reported. PepsiCo (PEP) – Get Free Report shares moved higher Tuesday following a Wall Street Journal Read more…
TSMC, the world’s biggest contract chipmaker, is looking to boost expand its U.S. investment to around $40 billion. Taiwan Semiconductor (TSM) – Get Free Report, the world’s biggest contract chipmaker, is set to unveil plans Read more…
ECB Governing Council member Constantinos Herodotou said, “We are very near the neutral rate. There will be I think another hike or hikes.” “There are a number of variables that may give some comfort and Read more…
EURJPY drifted higher after stepping on the key support trendline that comes from the March lows at 140.75. Despite the swift upturn in the price, the RSI could not exit the bearish territory, while the Read more…
GBPUSD retreated from the fresh five-month high of 1.2343 that was posted on Monday, returning back near the previous support at 1.2160 around the 200-day simple moving average (SMA). In the short-term the bias turned Read more…
Stock futures steady as inflation focus resumes; Taiwan Semiconductor set to triple U.S. chipmaking investment; Microsoft moves to placate Sony amid Activision takeover; PepsiCo edges higher on reports of planned job cuts and Fox shares Read more…
XAUUSD seems to be forming a large correction pattern taking the form of a cycle triple zigzag. The 1-hour timeframe shows the final part of the completed cycle intervening wave x, which is a triple Read more…
Asian shares were under attack on Tuesday, following the negative cues from Wall Street overnight as unexpectedly strong US data revived expectations of the Fed raising rates more than expected. European futures are pointing to Read more…
Equities hesitate as robust US economic activity fans fears of more rate hikes. The Dax 40 is testing last June’s peak of 14650, a liquidation point from a botched rebound last summer. This is a Read more…
Gold fell back after strong US economic data boosted the dollar. A tentative close above last summer’s peak of 1803 is a sign of improved sentiment. This has put the bears on the defensive and Read more…