EURGBP experienced a minor pullback after its uptrend failed to cross above the 0.8588 region. However, the pair quickly bounced back and recouped part of its losses, while the ascending 50- and 200-period simple moving Read more…
The pressure continues to mount on Turkish lira. President Tayyip Erdoğan has once again vowed to continue slashing interest rates despite annual inflation running at more than 70% amid soaring energy and food prices. With Read more…
Slowing growth and surging inflation may not spark a 70s-style bout of global stagflation, but dimming prospects for the U.S. economy have stocks trading cautiously Wednesday. U.S. equity futures slipped lower Wednesday, while oil prices Read more…
“We now expect Intel to negatively pre-announce or miss 2Q22 guidance and are lowering estimates accordingly,” said Citi analyst Christopher Danely. Intel (INTC) – Get Intel Corporation Report shares slumped lower Wednesday after analysts at Citigroup Read more…
The focus falls on the JPY where the moves have turned into a one-way affair again. Trend and momentum accounts are all over the move higher and in the institutional world, there are just very Read more…
Yen descent continues The Japanese yen can’t seem to buy a break. USD/JPY has jumped 0.84% today and has surged 2.22% this week. The pair is currently trading at 133.76, yet another 20-year high. The Read more…
“The advisory committee’s positive recommendation acknowledges the strength of our data and the importance of a protein-based Covid vaccine,” said CEO Stanley Erck. Novavax (NVAX) – Get Novavax Inc. Report shares soared Wednesday after an advisory Read more…
“We are actively engaging in a broad range of strategic and financial alternatives … including Elliott’s offer to invest incremental equity capital in our Flash Business,” said CEO David Goeckeler. Western Digital Corp. (WDC) – Read more…
Stock futures lower as stagflation worries mount; Novavax surges as FDA panel recommends Covid vaccine; Western Digital leaps after board agrees to consider flash memory sale; Credit Suisse slumps after third straight profit warning and Read more…
RBA surprised and hiked more than expected this week; they lift the interest rate to 0.85% from 0.35% during the latest meeting, but Aussie did not rally much. We have seen 60 point move before Read more…