Daily Pivots: (S1) 1.2998; (P) 1.3044; (R1) 1.3087; More… GBP/USD is staying in consolidation from 1.2999 and intraday bias remains neutral. Further decline is expected as long as 1.3193 resistance holds. On the downside, below Read more…
Daily Pivots: (S1) 117.86; (P) 118.15; (R1) 118.59; More… USD/JPY is staying in consolidation below 118.44 temporary top and intraday bias remains neutral. In case of deeper retreat, downside should be contained above 116.34 resistance Read more…
Daily Pivots: (S1) 0.9380; (P) 0.9406; (R1) 0.9438; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9430. Downside of retreat should be contained above 0.9305 resistance turned support to bring another rally. On Read more…
Canadian Dollar surges broadly in early US session after stronger than expected consumer inflation reading, which solidifies the case for more tightening from BoC. Though, as for today, Aussie is still the strongest, as helped Read more…
A brief snapshot of some medical breakthroughs that are among the costliest in the world. Money can’t buy you happiness is an adage that is true for almost everything in life. Except perhaps healthcare. Because, Read more…
Canada CPI accelerated sharply form 5.1% yoy to 5.7% yoy in February, above expectation of 5.5% yoy. That’s the largest gain since August 1991, and it’s the second consecutive month where headline inflation exceeded 5% Read more…
US retail sales rose 0.3% mom to USD 658.1B in February, below expectation of 0.6% mom. Ex-auto sales rose 0.2% mom, below expectation of 0.9% mom. Ex-gasoline sales dropped -0.2% mom. Ex-auto, ex-gasoline sales dropped Read more…
The fastest inflation in forty years, as well as fading consumer sentiment linked to Russia’s war on Ukraine, looks to have hit February retail sales growth. U.S. retail sales growth slowed sharply last month, data Read more…
ECB Governing Council member Joachim Nagel told German newspaper Handelsblatt, “I don’t expect stagflation at the moment, even though the fallout of the war will boost inflation rates and weaken economic growth.” He added that Read more…
Howard Schultz, who left Starbucks four years ago, will return as interim CEO following the retirement of current boss Kevin Johnson. Updated at 8:36 am EST Starbucks (SBUX) – Get Starbucks Corporation Report shares surged higher Read more…