Selloff in Euro continues today, as it’s marching towards parity against the greenback. Some noted that it’s a perfect storm for the common currency, with stagflation risks, gas crisis, a prolonged war and fragmentation. Sterling Read more…
The economic slowdown could lead Microsoft to hire fewer employees. Microsoft ( (MSFT) – Get Microsoft Corporation Report) will hire few people than initially planned in the second half of 2022 as the economy contracts Read more…
The British Pound started a fresh decline from the 1.2165 resistance against the US Dollar. The GBP/USD pair traded below the 1.2100 support zone to enter a bearish zone. The pair even declined below 1.2000 Read more…
Worried about a recession? These cashed-up biotech stocks aren’t sweating it. Financial conditions are tightening. The easy monetary policy of the last decade-plus may be coming to a screeching halt. That can be terrible news Read more…
Apple (AAPL) – Get Apple Inc. Report shares edged lower Wednesday after a downgrade from Goldman Sachs clouded news that its new MacBook Air will begin shipping to customers by the end of next week. Apple Read more…
Cable remains at the back foot but holding just above new 28-month low (1.1898) hit after Tuesday’s 1.37% drop). Fresh bears cracked former low at 1.1933 (June 14) and 1.1930 (Oct 2016 low) but failed Read more…
An overnight inversion of the U.S. Treasury yield curve, the market’s go-to recession indicator, heaps added pressure on the Fed as minutes from its June meeting are published later today. U.S. equity futures edged lower Read more…
Hike to an ice cave, go on a safari to see the world’s largest migration, or travel across a massive ancient volcanic crater filled with wildlife at one of these top outdoor destinations. Pandemic concerns Read more…
Gold collapsed more than 2.3% in trading on Tuesday, the second steepest daily drop a year after falling 2.5% on June 13. The sharp decline yesterday was due to a combination of several negative factors. Read more…
EURJPY extended Tuesday’s 1.3% loss to a new three-week low of 138.25 during the early European trading hours on Wednesday as the bearish technical signals remained well intact. The RSI has further stretched its downfall below Read more…