AUDUSD has been experiencing a sustained downtrend, generating a profound structure of lower highs and lower lows. However, in the last few four-hour sessions, the pair has adopted a sideways pattern after it managed to cease Read more…
US consumer inflation hit a 41-year high and beat forecasts, reaching 9.1% y/y in June against 8.6% a month earlier and expected an increase to 8.8%. The data above expectations triggered a jump in the Read more…
Here’s some clues to how the retail giant Amazon’s annual buyfest is going. Amazon’s (AMZN) – Get Amazon.com Inc. Report Prime Day – actually it’s Days, July 12-13 – appears to be going well. During the Read more…
The internet giant seems to indicate that it will not be spared by the hard times ahead. A potential recession will not spare many multinationals, that’s what investors who are liquidating their positions in tech Read more…
Even the relatively well-off are vexed about the prospect of high U.S. inflation and a looming recession You’d think U.S. households earning $100,000 or more wouldn’t worry too much about rising inflation. After all, a Read more…
Both retailers are on sale but have really strong, devoted customers bases. The retail world has been thrown into chaos by the supply-chain woes caused by the pandemic. Retailers normally order based on past behavior, Read more…
The Bank of Canada raised the overnight rate to 2.5% and stated that it will continue with Quantitative Tightening (QT). On rising prices, it stated that “inflation in Canada is higher and more persistent than Read more…
The British pound has taken investors for a ride today, as GBP/USD dropped sharply but has since recovered. In the North American session, GBP/USD is trading at 1.1856, down 0.28%. It has been a busy Read more…
Interest rate traders are accelerating bets on a 100 basis point Fed rate hike later this month, following faster-than-expected inflation data and a surprise move from the Bank of Canada. The Federal Reserve could lift Read more…
BoC raises overnight rate target by 100bps to 2.50% today, even larger than expectation of 75bps. The Bank Rate and deposit rate are now at 2.75% and 2.50% respectively. BoC will also continuing its policy Read more…