The Australian dollar headed lower earlier in the day before recovering. In the North American session, AUD/USD is trading at 0.7137, down 0.01% on the day. The RBA policy meeting went as expected, with the Read more…
Wormhole, which connects the two most popular blockchains, Ethereum and Solana, is offering hackers $10 million to return the money. It’s a bad streak for the cryptosphere, a dark series likely not to reassure even Read more…
Facebook’s metaverse division lost more than $10 billion last year, but the company is sticking to its bet and will continue to invest in AR/VR projects. Facebook’s (FB) – Get Meta Platforms Inc. Class A Read more…
Facebook is an ‘extraordinary business,’ he said. But Buffett sees the best businesses as the most difficult to value. Warren Buffett has shown admiration for Meta Platforms (Facebook) (FB) – Get Meta Platforms Inc. Class Read more…
Markets The Bank of England did what it was supposed to do: raise rates. The MPC agreed on a 5-4 basis for a 25bps hike to 0.5%. The four members voting against were actually in Read more…
US ISM Services dropped -2.4 pts to 59.9 in January, above expectation of 58.7. Looking at some details, business activity/production dropped -8.4 to 59.9. New orders dropped -0.4 to 61.7. Employment dropped -2.4 to 52.3. Read more…
Hard Rock International plans to build a Guitar Hotel on the Las Vegas Strip, and that means something has to go to make way for the new project. Las Vegas has an endless series of Read more…
Bank of England hikes rates Abandoning its communication fiasco of late last year, the Bank of England delivered its first back-to-back rate increase in almost two decades, lifting interest rates by 25 basis points to Read more…
Daily Pivots: (S1) 0.8318; (P) 0.8335; (R1) 0.8345; More… EUR/GBP spiked lower to 0.8282 but recovered strong just ahead of 0.8276 key long term support. Intraday bias remains neutral first. On the upside, firm break Read more…
Daily Pivots: (S1) 129.12; (P) 129.30; (R1) 129.54; More…. EUR/JPY’s strong break of 129.76 resistance suggests that fall from 131.59 is merely a correction to rise from 127.36, and has completed at 128.23 already. Intraday Read more…