No change in EUR/AUD’s outlook as it’s still bounded in range trading. Intraday bias stays neutral first. Rise from 1.6108 is seen as the third leg of the corrective pattern from 1.6125. Above 1.6381 will Read more…
Americans are cutting down on a lot of things these days. Restaurant spending is declining, big-ticket appliance and home goods purchases are being delayed, and luxury travel has slowed to a crawl. But there is Read more…
Tim Rouse (Executive Director, Spark Institute) and Larry McQuaid (SS&C Technologies; Co‑Chair, Spark Retirement Income Committee) discuss the Spark Institute’s new Retirement Income Subcommittee, its mission, deliverables, and how advisors, plan sponsors, and recordkeepers can Read more…
As artificial intelligence (AI) transforms workplaces around the world, most people are asking the same question: What skills will still matter when AI can do so much? According to Advanced Micro Devices (AMD) CEO Lisa Read more…
Eurozone producer prices rose more than expected in April, adding to evidence that inflation pressures are continuing to build beneath the surface of the economy. Producer Price Index increased 0.6% mom, above expectations of 0.4% Read more…
The Japanese Yen bounced slightly briefly after fresh intervention warnings from Tokyo, but the market’s overall message appears unchanged: traders are still eyeing another test of the 160 level. After USD/JPY flirted with the intervention Read more…
EUR/USD remained under pressure on Wednesday, holding at 1.1629. The US dollar continues to draw support from difficulties in negotiations between the US and Iran, as well as a renewed escalation of tensions in the Read more…
UK service-sector activity slipped into contraction in May for the first time in more than a year, highlighting the growing economic impact of elevated inflation and geopolitical uncertainty. PMI Services (final) fell sharply from 52.7 Read more…
Eurozone business activity deteriorated further in May, adding to concerns that the region could slip into contraction in the second quarter. The final Composite PMI Output Index fell from 48.8 to 48.5, its lowest level Read more…
Scarcity has a way of making people forget there was ever another option. When one ingredient becomes the thing everyone needs at once, the price stops behaving like a price and starts behaving like a Read more…