Dollar extends inflation decline; initial jobless claims tick higher The latest CPI inflation report out of the United States was not a big surprise on Wednesday. Despite a minor pickup in the core measure, the Read more…
Aussie holds firmly in green for the third straight day, lifted by weaker US dollar, after more cautious than expected tone from Fed chief Powell disappointed investors. Bulls probe above 0.73 level following Wednesday’s 1.04% Read more…
In an effort to unseat McDonald’s and Wendy’s, Burger King has been testing a new idea that might make its Croissan’wich irrelevant. Burger King serves breakfast? That’s a fair question to ask in an age Read more…
Daily Pivots: (S1) 1.1379; (P) 1.1416; (R1) 1.1477; More… EUR/USD’s rebound from 1.1185 is still in progress and intraday bias stays on the upside. Further rise would target 38.2% retracement of 1.2265 to 1.1185 at Read more…
Daily Pivots: (S1) 0.9101; (P) 0.9172; (R1) 0.9215; More…. Intraday bias in USD/CHF remains on the downside for the moment. Firm break of 0.9084/0.9101 support zone will argue that choppy rise from 0.8925 has completed. Read more…
Daily Pivots: (S1) 114.19; (P) 114.83; (R1) 115.28; More… USD/JPY’s break of 114.26 resistance turned support now argues that rise from 112.52 is already finished. Intraday bias is on the downside for 112.52 support. Also, Read more…
Has Elon Musk been trolling everyone when it comes to his company’s odd-looking take on an electric vehicle (EV) truck? Tesla’s TSLA Cybertruck has always seemed like a bit of a goof and Tesla CEO Read more…
The New Zealand dollar has posted gains for a third straight day. Early in the North American session, NZD/USD is trading at 0.6886, up 0.56% on the day. The currency is on a tear, rising Read more…
Ford, and it’s larger rival GM, could see gains from a report that suggests Tesla’s much-hyped Cybertruck may not be ready for production this year. Updated at 9:50 am EST. Ford Motor Co (F) – Read more…
Virgin Galactic is going where other borrowers have indeed gone before, with plans to raise up to $500 million in debt to continue its efforts to take tourists into space. One might call it a Read more…