Markets Today, investors still weighed the consequences Fed Chair Powell’s hawkish comments flagging a 50 bps rate hike in May and, why not, maybe also in June. Even after yesterday’s sharp rise in the US Read more…
Detroit giant GM, led by CEO Mary Barra, is on the offensive in the race for vehicle electrification. The race for electric vehicles is intensifying every day, with multiple announcements coming from legacy automakers as Read more…
The New Zealand dollar is up sharply on Tuesday. In the North American session, NZD/USD is trading at 0.6943, up 0.83% on the day. NZ consumer sentiment falls sharply Westpac Consumer sentiment slowed for a Read more…
USD/JPY broke above 120 for the first time since 2016 in early Tuesday trading. This latest leg higher comes as the US Federal Reserve doubles down on its commitment to do whatever it takes to Read more…
The US 100 stock index (cash) has been recovering on the four-hour chart, managing to erase some of its recent decline. Although the price has been moving sideways in the last few sessions, the ascending Read more…
Spot gold stands at the back foot following comments from Fed Chair Powell, which signal hawkish approach in tackling soaring inflation and lifted dollar. The metal’s price moved towards the lower boundary of the range Read more…
Cruise line Royal Caribbean does something that will make many of its customers very happy. A cruise has more moving parts than most vacations. If, for example, you hope to take your family to Walt Read more…
The automaker looks to kick gasoline cars to the curb as it competes with Tesla and Ford. Volkswagen (VWAGY) – Get Volkswagen AG Report is revving up its plans to compete with the likes of Tesla Read more…
Fed Chair Powell says the economy can withstand a series of rate hikes this year without tipping into recession. The bond market isn’t so sure. Federal Reserve Chairman Jerome Powell left little doubt in the Read more…
The Japanese yen’s downswing is turning into a rout. USD/JPY has climbed a massive 1.16% today and briefly punched across the 121 line earlier in the day. Yen’s slide continues The yen has extended its Read more…