Cable holds in red on Tuesday, as dollar rose on month-end demand, while weaker than expected UK mortgage approvals data added to negative near-term tone. Traders also worry that soaring inflation may significantly hurt consumer Read more…
Ark Innovation has dropped 54% this year but has enjoyed inflow of $1.2 billion over the past six months. Renowned investor Cathie Wood, chief executive of Ark Investment Management, for a second day bought big Read more…
The Royal Caribbean cruise line has been slowly but steadily making a major change to its fleet — and it one-ups Carnival and Norwegian. The pandemic forced Royal Caribbean (RCL) – Get Royal Caribbean Group Read more…
US Conference Board Consumer Confidence dropped slightly from 108.6 to 106.4 in May, above expectation of 107.3. Present Situation Index dropped from 152.9 to 149.6. Expectations Index dropped from 79.0 to 77.5. “Consumer confidence dipped Read more…
Markets US investors returned to trading desks following the long weekend (Memorial Day Holiday). US Treasuries started weak, catching up with yesterday’s Bund losses while also paying attention to hawkish comments by Fed Waller (+50 Read more…
The Canadian economy expanded by 0.8% quarter/quarter (q/q) in Q1 2022 (3.1% annualized), with final domestic demand up 1.2% (q/q). Furthermore, the flash estimate for April showed a deceleration to 0.2% month/month (m/m). Spending by Read more…
In the US debt market, 10-year Treasury yields have exceeded 2.8% after floundering around 2.7% last week. This small move for bonds is having severe consequences for almost all markets. The dollar index is almost Read more…
GBPUSD is marking a negative day after its four-day gradual bull run met resistance near the 1.2653 zone, which is marginally below the low from September 2020. The short-term bias is viewed as neutral as the RSI Read more…
The Euro eases on Tuesday, deflated by firmer dollar and disappointing data, as the inflation in the European Union hit new record high in May and oil prices continue to rise, weakening bloc’s growth outlook. Read more…
Daily Pivots: (S1) 127.04; (P) 127.43; (R1) 128.00; More… Intraday bias in USD/JPY stays neutral for the moment. On the upside, break of 129.77 minor resistance will suggest that correction from 131.34 is finished. Intraday Read more…