How one 24-year-old built his own thriving financial community. Social media has revolutionized almost every aspect of our day-to-day lives. From local foraging expertise to social justice initiatives, sites like TikTok and Meta’s (META) – Read more…
WTI oil price is down for the second day and probes below $90 level, under renewed pressure from rising concerns about the state of global economy, rise in OPEC oil output in August to the Read more…
The two electric vehicle manufacturers are facing soaring production costs. Soaring commodity prices are hobbling electric-vehicle startups. At the rate things are going, the cost surge may well disrupt the auto industry’s disruptors. The cost Read more…
Retail sales are back to the forefront of analysts’ minds. Especially now in Europe, with the ECB raising rates. On the one hand, traders would like to be wary of any signs of demand destruction Read more…
Markets Yesterday, last week’s repositioning on US and European interest rate markets simply continued with European markets again underperforming. Chair Powell on Friday was very clear that the Fed will do ‘whatever it takes’ to Read more…
NZDUSD has been sliding since August 12, when it hit resistance at 0.6470, with the price now getting closer to the 0.6060 support zone, marked by the low of July 14. In the bigger picture, Read more…
The Canadian economy expanded by 3.3% quarter/quarter annualized (q/q) in Q2 2022. Meanwhile, the flash estimate for July showed a 0.1% month/month (m/m) drop in GDP. Spending by households increased by 9.7% q/q annualized. Statistics Read more…
The euro continues to have a calm week. In the North American session, EUR/USD is showing little movement as it trades a whisker above the parity line. Eurozone inflation tops 9% Inflation in the eurozone Read more…
Legendary investor Warren Buffett is a shareholder of BYD, which has boosted the company’s profile among international investors. Warren Buffett remains a legend in global business circles. The Oracle of Omaha is celebrated even by Read more…
Daily Pivots: (S1) 138.21; (P) 138.64; (R1) 139.23; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Strong resistance could be seen from 139.37 to limit upside, to start the third leg of Read more…