GBPCAD has touched a 29½-month low of 1.6516, subsequently shaping the 1.6516-1.6566 support border that encapsulates the March 2020 trough of the collapse from the 1.8045 high. The tempo of the pair’s descent from the Read more…
It’s been a relatively slow start to trading in equity markets as we approach the end of the week, with stocks losing the momentum that’s driven the strong recovery in recent weeks. The recovery has Read more…
Chicago Fed President Charles Evans said he’s “comfortable” with a 25bps hike and “open” to a 50bps move. “We want to be careful, we want to be humble and nimble, and get to neutral before Read more…
Minneapolis Fed President Neel Kashkari said he has penciled in seven 25bps rate hike this year as “we need to adjust” monetary policy. “The data just keeps coming in in that direction, and we just Read more…
Nikkei 225 broke resistance level 27870.00 Likely to rise to resistance level 28765.00 Nikkei 225 index recently broke through the resistance level 27870.00 (which has been reversing the price from the middle of December). The Read more…
Don’t want to tell the IRS about your jackpot from the casinos? You may not have to. Slot-machine players pump their money into the so-called one-arm bandits because they want to win a jackpot. It’s Read more…
Nikola began producing its Tre truck in Coolidge, Arizona this week, and plans to deliver as many as 500 of the battery electric vehicle (BEV) by the end of the year. Nikola Corp. (NKLA) – Read more…
Stocks advance cautiously with all eyes on Biden’s meetings in Europe. Oil prices steady and US data comes in mixed. US futures Dow futures +0.3% at 34470 S&P futures +0.4% at 4474 Nasdaq futures +0.5% Read more…
The premium electric vehicle maker is cementing its dominance in the automotive industry. The good news is piling up for Tesla (TSLA) – Get Tesla Inc Report and its charismatic chief executive, Elon Musk. With few Read more…
Daily Pivots: (S1) 1.0979; (P) 1.1013; (R1) 1.1064; More… Intraday bias in EUR/USD stays neutral for the moment. On the downside, below 1.0899 minor support will turn bias back to the downside for 61.8% projection Read more…