The Fed’s inflation fight has lifted U.S. mortgage rates to the highest levels in two years, and with more hikes on tap, the cost of buying a home will continue to rise. Updated at 7:48 Read more…
EURGBP’s latest decline traced the lower Bollinger band before unearthing some positive traction from the 0.8300 handle, which is the 61.8% Fibonacci retracement of the up leg from the more than 5½-year low of 0.8202 Read more…
U.S. yields have surged higher again this week to the their highest level since May 2019 after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting. Sentiments shared Read more…
The USDJPY rose to the highest in six years on Wednesday, in extension of Tuesday’s 1.1% rally (the biggest one-day advance since Nov 10), as dollar continues to benefit from rising optimism on expectations of Read more…
This crypto broker is a very different company a year after its popular direct listing. Direct listings are something of a rage on Wall Street these days. The avoid things like setting the IPO price, Read more…
Ryan Cohen’s RC Ventures boosted its stake in GameStop this week as the meme stock favorite tests the highest levels of the year. GameStop (GME) – Get GameStop Corp. Class A Report shares surged higher in Read more…
Stock futures edge lower, oil leaps on sanctions talk; Fed Chair Powell on deck as bonds flash recession risk; GameStop shares surge as Ryan Cohen boosts stake; Adobe shares slip lower after muted Q2 cloud Read more…
EUR/GBP falls after UK inflation, Chancellor’s spring statement next UK CPI rose to 6.2% YoY in February, up from 5.5% in January and ahead of the 6% forecast driven by energy, food, and fuel costs Read more…
BTC rose 3.5% on Tuesday. At the peak of the day, the rate exceeded $43.2K, but by Wednesday morning it rolled back to $42K, demonstrating a 0.7% correction. Ethereum is losing 1% over 24 hours, Read more…
After the traditional January reset, UK consumer prices continued their flight. Morning data showed that CPI rose by 0.8% last month and 6.2% year-over-year. This data is 0.2 percentage points above market expectations, indicating that Read more…