Stock futures power higher as earnings offset inflation concern; McDonald’s shares gain on report Carl Icahn seeking board seat; Chipotle shares leap after Q4 earnings beat defies price increases; Lyft shares tumble after muted outlook Read more…
In a Die Zeit interview, new Bundesbank President Joachim Nagel said, “if the (inflation) picture does not change by March, I will advocate normalizing monetary policy.” “The first step is to end net bond purchases Read more…
On Tuesday, Bitcoin showed a growing momentum at the beginning of the day and reached five-week highs above $45,000. After a short-term rise above this level, a corrective decline began in the middle of the Read more…
GBPJPY’s positive drive has become feeble after its two-week rally stretched to the 156.71 level, just shy of the 157.00 handle. The climbing 50-period simple moving average (SMA) and its near bullish crossover of the Read more…
Silver has been trending downwards in the short term after its recent rebound was rejected by the 200-day simple moving average (SMA). However, in the last few daily sessions, the metal has gained traction, crossing Read more…
BoJ board member Toyoaki Nakamura said, “I don’t think conditions have fallen into place for Japan to modify monetary policy.” He warned, “if we raise interest rates now or before wages pick up, we would Read more…
USDJPY revived its bullish momentum on Tuesday, but its efforts proved fruitless against the 115.50 border once again. The bulls, however, may not give up the battle. With the MACD growing above its zero and Read more…
NZDUSD is struggling to gain strong positive momentum after its fast rebound from the 16-month low of 0.6524, stalling around the 20-day SMA, which overlaps with the 23.6% Fibonacci retracement level of the downward move Read more…
The Dow Jones 30 inches higher supported by better-than-expected earnings. The index steadied after successive breaks above 34800 and 35450. Nonetheless, the recent recovery slowed down on the 30-day moving average, a sign of a Read more…
The sterling turns higher as traders price in an increasingly hawkish Bank of England. A break above 1.3520 forced sellers to cover some of their positions. However, the pound’s rally came to a halt in Read more…