WTI oil is consolidating under new seven-year high ($88.81), posted after six consecutive weeks of gains, as overbought daily studies and expectations of a rise in US crude inventories prompted some profit-taking. Overall picture remains Read more…
UPS said it will boost its quarterly dividend by 48%, to $1.52 per share, following stronger-than-expected fourth quarter earnings. United Parcel Service (UPS) – Get United Parcel Service, Inc. Class B Report posted stronger-than-expected fourth quarter Read more…
Stock futures slip lower as February trading begins with caution; Bloomberg reports the FTC will probe Microsoft’s $69 billion takeover of Activision; Google Q4 earnings on deck with a focus on ad sales; Tesla petition Read more…
Are the tides turning for an EV maker, a meme favorite and a pandemic high flier? When the financial markets are experiencing a serious decline, as is the case with stocks so far in 2022, Read more…
EURJPY buyers have managed to recoup the last week of losses through yesterday’s trading session and are now struggling to beat the 50-day simple moving average (SMA) at 129.26. The positive price action has underpinned Read more…
Euro bounces back as markets price in more ECB tightening Stock markets power higher, has the storm passed? Aussie unscathed by RBA, earnings season continues Euro recovers Market participants are raising their bets that the Read more…
Eurozone unemployment rate dropped from 7.1% to 7.0% in December, better than expectation of 7.1%. EU Unemployment rate dropped from 6.5% to 6.4%. Eurostat estimates that 13.612m men and women in the EU, of whom Read more…
UK PMI Manufacturing was finalized at 57.3 in January, slightly down from December’s 57.9. Markit said production rose at fastest rate in six months. new order growth slowed despite mild uptick in new export businesses. Read more…
Eurozone PMI Manufacturing was finalized at 58.7 in January, up from December’s 58.0. Markit said there were faster expansion in output and new orders. Employment growth improved to five-month high. Also, supplier performance had the Read more…
GBPUSD is flirting with the 40-day simple moving average (SMA) after the pullback off the 1.3360 support level, remaining within the Ichimoku cloud. The recent upside move is recovering the declining move from the 1.3750 Read more…