Bitcoin’s fluctuations continue to shrink, meaning the spring is being compressed further. The lower bound of the trading range has moved to $29K, from where the BTCUSD has received support since the start of active Read more…
More and more developed central banks are coming out with the pace of policy tightening in the USA. This morning the Reserve Bank of New Zealand raised its rate by 50 points to 2.0%, repeating Read more…
USDJPY is trading around the lower Bollinger band residing within a support zone which is linking the 127.34 barrier with the rising 50-day simple moving average (SMA) at 126.25, the former being the 23.6% Fibonacci Read more…
“At this point, we have not seen inflationary cost pressures adversely impact customer spending, which we believe is due to the higher income profile and resiliency of our customer base,” said CFO Anne Bramman. Nordstrom Read more…
Nelson Peltz and Trian Partners, Wendy’s biggest shareholders, are planning to arrange a takeover of the iconic burger chain. Wendy’s Co. (WEN) – Get Wendy’s Company Report shares powered higher Wednesday after activist investor Nelson Peltz Read more…
Stock futures mixed ahead of Fed minutes, bond yields slide; Fed minutes in focus as markets wilt under rate pressure; Nordstrom shares leap after solid Q1 sales, forecast boost; Wendy’s shares surge as activist Nelson Read more…
The USD is moving lower across the board as gap between FED and other CB is narrowing. We see more and more ECB members and speculation for a potential 50bp hike which is the main Read more…
US stocks erased some of the gains made on Monday as investors continue worrying about corporate earnings. Social media shares like Snap and Pinterest crashed by more than 20% after Snap warned about trends in Read more…
ECB Executive Board member Fabio Panetta said in a speech, “the very shocks that have led to a surge in inflation (in Eurozone) are also depressing output”. Hence, “the inflation path is starting from a Read more…
NZDUSD is ticking higher above 0.6500 again after the bounce off the two-year low of 0.6214. The technical indicators are showing more positive signs, as the MACD is advancing above its trigger line in the negative Read more…