The UK will publish its final quarterly GDP growth readings for 2021 on Friday at 09:30 GMT. The outcome may not impress investors as forecasts imply the economy almost flatlined at the end of the Read more…
Markets Trees don’t grow to sky. Even interest rate markets today took a breather as the combined effect of an ECB policy U-turn and strong US payrolls is apparently ‘discounted’. For now, it’s still nothing Read more…
The Australian dollar has extended its rally for a third straight day. In the North American session, AUD/USD is trading at 0.7179, up 0.49% on the day. It’s looking all roses for the Aussie this Read more…
Daily Pivots: (S1) 1.1392; (P) 1.1421; (R1) 1.1445; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. A medium term bottom could be in place at 1.1120, on bullish convergence condition in daily Read more…
Daily Pivots: (S1) 0.9231; (P) 0.9247; (R1) 0.9268; More…. Intraday bias in USD/CHF remains neutral at this point. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will Read more…
Daily Pivots: (S1) 115.20; (P) 115.41; (R1) 115.77; More… Intraday bias in USD/JPY remains neutral as range trading continues. Overall, consolidation pattern from 116.34 is still extending. On the upside, break of 115.68 will resume Read more…
US stocks are set to extend gains as treasury yields ease and earnings remain supportive. US futures Dow futures +0.7% at 35708 S&P futures +0.96% at 4464 Nasdaq futures +1.38% at 14945 In Europe FTSE Read more…
Market jitters keep volatility faint and dollar remains glued on back foot The US 10-year yield deflated to 1.927% today keeping the reserve currency bid, with the dollar index near the lower end of Read more…
To attract and retain employees for its physical stores in the U.S., iPhone maker Apple will increase, even double, their benefits. The Covid-19 pandemic has prompted many employees to revise their relationship to work. Above Read more…
Oil traders await weekly EIA data Drawdown in Cushing inventories may return prices to recent highs Persistently elevated inflation may force central banks into more aggressive stance Concerns over hawkish central bankers could roil markets Read more…