The AUDUSD extends steep fall into fourth straight day and falls below 0.70 support for the first time in one month. Risk aversion and stronger US dollar on expectations for more aggressive Fed after another Read more…
NIESR said the negative growth of -0.3% mom in UK GDP in April “increases the chances of a recession. The impact of rising energy prices is likely to “impede recovery in the coming months. It Read more…
The gene therapy pioneer may earn approval years after initially teasing investors. It may not be time to celebrate. It was never supposed to be this difficult. bluebird bio (BLUE) – Get bluebird bio Inc. Read more…
The Euro holds in red for the third straight day and retraced almost 76.4% of 1.0349/1.0786 corrective leg, signaling that larger downtrend is on track to complete its short corrective phase and threatening of renewed Read more…
Cable dips to one-month low in early Monday, in extension of Friday’s post-US CPI 1.4% drop. Risk aversion dominates at the start of the week and deflates sterling, while dollar was boosted by continuous rise Read more…
The British pound is down sharply at the start of the week, as US inflation and weak UK numbers are weighing on the pound. In the European session, GBP/USD is trading at 1.2174 down 1.16% Read more…
“While consumer demand for Revlon’s products remained strong, supply chain challenges are putting pressures on our ability to meet this demand,” CEO Debra Perelman told investors on May 7. Revlon (REV) – Get Revlon Inc. Read more…
The Federal Reserve may have to choose between taming inflation and risking recession following last week’s faster-than-expected May CPI reading. U.S. equity futures plunged lower Monday, while Treasury bond yields surged to the point where Read more…
The US dollar index continued rallying on Monday morning as the strong inflation numbers pushed more people to worry about a recession. The numbers revealed that the country’s inflation jumped to the highest point since Read more…
Celsius Network has suspended the withdrawals. Nexo, another crypto platform, has just made an offer to buy its assets. Fuzziness reigns in the crypto planet. Is crypto lender Celsius Network insolvent? On the night of Read more…