Although US retail sales figures are often the more important news, their slight overshooting relative to expectations has, in our view, less impact on markets than the import price index. According to preliminary estimates, US Read more…
EURUSD hit the so-called parity level of 1.0000 and dipped below it. Why there’s so much talk about this? First, the euro dropping below the $1 level is rare. Still, what does the euro/dollar parity Read more…
The decision forced a key supplier for a drug component to reduce 2022 guidance. Pfizer (PFE) – Get Pfizer Inc. Report may have used artificial intelligence and advanced computational modeling to more quickly develop Paxlovid, but Read more…
With a key index signaling lower prices, shopping digitally could curb inflation’s impact. It’s not exactly a shocker that most consumer commodity prices are lower online than at brick-and -mortar stores. But when you see the Read more…
Markets Dollar strength was the one constant in a week where inflation angst traded for recession worries and vice versa. That subsided somewhat as markets headed into the weekend. The greenback consolidated after surging to Read more…
USDCAD reversed from resistance level 1.3200 Likely to fall to support level 1.3000 USDCAD currency pair recently reversed down from the key resistance level 1.3200, standing far above the upper Bollinger Band. The downward reversal Read more…
EURJPY reversed from support level 138.00 Likely to rise to resistance level 140.00 EURJPY currency pair recently reversed up with the Bullish Engulfing from the key support level 138.00, standing near the lower daily Bollinger Read more…
EUR/USD softens as ECB hikes lag behind The euro hovers over parity as the ECB is expected to kick off its tightening cycle this week. The ECB will likely deliver a 25 bp increase next Read more…
Retail sales gained 1.0% month-on-month (m/m) in June – slightly above the consensus forecast (+0.8% m/m) – and accelerating from May’s reading, which was revised up to -0.1% m/m from -0.3% m/m reported earlier. Sales Read more…
The family-friendly ship will sail out of Miami, putting the European company into a clear rivalry with the two biggest cruise lines that sail from U.S. ports. Miami stands as the unofficial home port for Read more…