The S&P500 index fell 3.9% intraday on Monday, closing the index in the bear market territory. The Nasdaq collapsed more than 4.6%, losing a third of its all-time high in November last year. The dollar Read more…
Rate traders are locking-in bets on a 75 basis point rate hike from the Fed this week as inflation soars, growth slows and bond yields signal recession. U.S. equity futures bounced higher Tuesday, following the Read more…
The Bank of England has a major decision to make this Thursday. It’s a big week in central bank land and the Old Lady on Threadneedle Street is gracing us with her presence. The market Read more…
Elon Musk will meet with Twitter staff for the first time Thursday as the billionaire looks to smooth his $44 billion takeover path. Twitter (TWTR) – Get Twitter Inc. Report shares moved higher Tuesday, but still Read more…
In an interview, RBA Governor Philip Lowe said, “Australians need to prepare for higher interest rates”. He expects inflation to get to 7% by the end of the year, and “we need to be able Read more…
DAX breaks trend The DAX has fallen sharply over the past several days, along with global indices. The big upsurge in inflation has caused panic among global central banks, as they rush to tightening their Read more…
It has been a rough spell for the Australian dollar, which has steadied after a four-day slide. This downswing saw AUD/USD plunge over 300 points and break below the symbolic 70 level. Market nerves weigh Read more…
“We feel very optimistic about our business momentum. And we also recognize that there is increasing macro uncertainty right now,” said CEO Safra Catz. Oracle Corp. (ORCL) – Get Oracle Corporation Report shares surged higher Tuesday Read more…
Stock futures bounce from bear market lows; Fed rate bets flip, with traders locking-in 75 basis points for Wednesday decision; oracle shares surge on Q4 earnings beat, solid cloud outlook; Twitter share bump higher as Read more…
Daily Pivots: (S1) 161.56; (P) 163.84; (R1) 165.44; More… Intraday bias in GBP/JPY remains mildly on the downside as fall from 168.67 is in progress. Sustained break of 55 day EMA (now at 161.63) will Read more…