EV leader Tesla had indicated in January that it would not introduce a new vehicle on the market in 2022. It’s a change to which Elon Musk hadn’t given notice, to either Tesla (TSLA) – Read more…
NZD/USD surges to as high as 0.6452 so far today and it’s still in upside acceleration mode. This week’s break of 0.6351 resistance completes a head and shoulder bottom pattern (ls: 0.6195, h: 0.6059, rs: Read more…
US initial jobless claims rose 14k to 262k in the week ending August 6, slightly below expectation of 265k. Four-week moving average of initial claims rose 4.5k to 252k. Continuing claims rose 8k to 1428k Read more…
US PPI for final demand dropped -0.5% mom in July, versus expectation of 0.2% mom rise. The decrease is attributable to -1.8% mom decline in goods while services rose 0.1% mom. For the 12-months, PPI Read more…
With the odds of 75 basis point hike having dropped, the Fed is careful not to push too hard against that… After Wednesday’s post-CPI dump, the dollar managed to rebound a little as a couple Read more…
Stocks are on the rise again Thursday as fading rate bets help the Dow exit its recent correction while pulling the Nasdaq 20% higher from its mid-June trough. U.S. equity futures moved higher again Thursday, Read more…
Gun crime remains a high-profile political issue in the U.S. A look at the economic impact of guns on each of the 50 states reveals which states rely most heavily on the firearms industry. America Read more…
EURCHF entered a sliding mode this week, after hitting 0.9800, and is now hovering near the July 29 low, at 0.9700. Overall, the pair has been trading in a downtrend, staying below all three of the Read more…
BTCUSD has been in a steady uptrend since it managed to halt its long-term decline at the 2022 low of 17,588. Even though the price is currently standing above its 50-day simple moving average (SMA), Read more…
The US inflation data published on Wednesday triggered a strong and unequivocal reaction from financial markets, allowing more certainty about starting a new market cycle. Yesterday’s report showed close to zero price growth for July, Read more…