WTI crude oil is extends the near term rebound and is back above 108. It’s reported that OPEC+ missed its production target by slightly more than 1m barrels per day in February. At the same Read more…
New Zealand goods exports rose 22% yoy to NZD 5.5B in February. Goods imports rose 37% yoy to NZD 5.9B. Trade deficit came in at NZD -385m, smaller than expectation of NZD -808m. Exports to Read more…
Key Highlights EUR/USD started an upside correction from the 1.0800 support zone. A key bearish trend line is forming with resistance near 1.1120 on the 4-hours chart. GBP/USD could attempt a strong increase above the Read more…
Last week the Federal Reserve commenced its first-rate hiking cycle since December 2018, against perhaps the most challenging macroeconomic backdrop it has ever faced. The Fed is attempting to negotiate persistently high inflation, a full-scale Read more…
Last week, AUD shorts were culled at their fastest pace since March 2020, when eye watering levels of stimulus was rolled out at their height of the pandemic. As of Tuesday 15th March 2022: The Read more…
EUR/USD: Has the Market Gone Crazy? What happened in the market after the US Federal Reserve meeting can be called “the theater of the absurd”. As expected, the regulator raised the key interest rate from Read more…
The billionaire is known to attack his critics. It is rare to see defend his direct rivals. Elon Musk is not known for standing up for his rivals. It’s quite the opposite because he doesn’t Read more…
The social media giant faces serious allegations about its crypto practices. Facebook finds itself again at the center of a controversy. It’s as if the social media giant, which changed its name last October to Read more…
The very popular video game and Microsoft take a stand in the Russian war in Ukraine. Fortnite Chapter 3, Season 2, the very popular survival game developed by Epic Games, was highly anticipated among video Read more…