Are consumers growing more fickle over brand alliances? With their backs to the wall economically, U.S. consumers have no problem turning away from large retail brands at a moment’s notice. That’s the takeaway from a Read more…
Daily Pivots: (S1) 1.2096; (P) 1.2152; (R1) 1.2203; More… GBP/USD is still staying above 1.2062 minor support despite today’s dip. Intraday bias stays neutral first. On the downside, firm break of 1.2062 minor support will Read more…
Sterling falls broadly today after BoE hikes by 50bps but indicates that a prolonged recession will start in the UK in Q4. But the selloff in the Pound is not helping Euro and Swiss Franc Read more…
Is your child headed to campus this fall? This two-part article covers some important legal and tax matters to keep in mind before moving day. It’s early Sunday morning, and the silence of a long Read more…
US initial jobless claims rose 6k to 260k in the week ending July 30, above expectation of 250k. Four-week moving average of initial claims rose 6k to 255k. Continuing claims rose 48k to 1416k in Read more…
The Tex-Mex chain is partnering with a fancy New York bakery. Dessert has, traditionally, been many a fast food company’s weak point — while favorites like the McDonald’s (MCD) – Get McDonald’s Corporation Report McFlurry and Wendy’s Read more…
In the post meeting press conference, BoE Governor Andrew Bailey said, “overall a faster pace of policy tightening at this meeting will help to bring inflation back to the 2% target sustainably in the medium Read more…
Wednesday proved to be a busy day for oil traders, but the bears emerged as winners at the end of the day. Following WTI, which surrendered a tactically important position, Brent is showing more and Read more…
USD/JPY continues to gain ground and has pushed across the 134 line. In the European session, the pair is trading at 134.12, up 0.20%. The week started off nicely for the Japanese yen, which took Read more…
BoE raises Bank Rate by 50bps to 1.75% by 8-1 vote. Known dove Silvana Tenreyro voted for just 25bps hike. In the accompanying statement, BoE said the MPC will “take the actions necessary to return Read more…