“The vast majority of the traveling and shipping public will essentially be grounded,” unless safety concerns linked to 5G network rollouts are addressed, airline bosses have warned. U.S. Airline stocks slumped lower Tuesday following yet Read more…
The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of Read more…
A Houthi-lead drone strike on oil facilities in the UAE has global crude prices trading at the highest levels in seven years Tuesday. Global oil prices surged to a seven year high Tuesday as investors Read more…
Stock Futures Slump As Bond Yields, Oil Prices Leap; Week Ahead: Earnings in Focus After Mixed Q4 Start; Airlines Warn On 5G Disruption After Another Chaotic Weekend For Flights; Activision Blizzard Confirms Firings in Sexual Read more…
Key takeaways At the upcoming January meeting, we expect the Fed to indicate that the first rate hike is likely in March if the economy develops in line with expectations, supported by the tight labour Read more…
WTI oil futures are struggling to some extent to boost the one-month uptrend, which began from the 66.12 level, even after ticking slightly above the 7-year high of 85.39. That said, a price close north Read more…
USDCAD has marked yet more lower highs and lower lows due to lingering negative forces. Moreover, the pair is also trading well below its 50- and 200-period simple moving average (SMA), and has recently completed Read more…
Markets fully price in four Fed rate hikes for this year, lifting yields Stocks under pressure, dollar recovers, gold surprisingly resilient Oil hits new highs, yen retreats after BoJ does nothing Fed worries hit stocks Read more…
Germany ZEW Economic Sentiment rose sharply from 29.9 to 51.7 in January, well above expectation of 32.7. Current Situation index deteriorated from -7.4 to -10.2, missed expectation of -7.5. Eurozone ZEW Economic Sentiment jumped from Read more…
GBPUSD is reversing following the advance to the 1.3745 level, which represents a nearly three-month high. Although the price declined following the touch of the 200-day simple moving average (SMA), it remains above the long-term Read more…