Why surging inflation suggests the Federal Reserve must be aggressive in its rate hike this week. With inflation intensifying thanks to surging oil prices on top of rebounding economic activity, pressure on the Federal Reserve Read more…
The New Zealand dollar is down slightly at the start of the week, after falling sharply in the Friday session. NZD/USD is trading at the 0.68 line in European trade. NZ dollar eyes Services PMI Read more…
Gold’s downward pressures are weighing on the 1,959 level, which is the 38.2% Fibonacci retracement of the recent 1,780-2,070 rally. Despite the deep retreat in the price of the commodity, the bullish simple moving averages Read more…
US stocks are heading for a mixed start with the Nasdaq underperforming, as Ukraine peace talks and the Fed rate decision take centre stage. US futures Dow futures +0.5% at 33100 S&P futures +0.2% at Read more…
When the Federal Reserve makes rate decision, there are good reasons not to act right away. Events like Federal Reserve decisions on interest rates are closely followed by investors, traders and the financial media. They’re Read more…
Warehouse club Costco may not be as flashy as Amazon and Walmart, but it’s making big progress doing something that consumers really want. Costco’s (COST) – Get Costco Wholesale Corporation Report business has always been Read more…
Chinese stocks plunged notably today on worries that continued surge of coronavirus cases would impose downside risks to the economy, at least for the near term. More local symptomatic cases are reported so far this Read more…
Ford added to its plans to double EV output by 2026 with a deeper production pact with Volkswagen and a new battery-making deal with South Korea’s SK On. Ford Motor Co. (F) – Get Ford Read more…
EURUSD has been silent near Friday’s low of 1.0900 during the early European trading hours on Monday. Previously, the pair got rejected near the 1.0730 territory, unable to climb back above the descending trendline, which Read more…
USDJPY came back swinging from its early-March low, reaching multi-year highs as positive momentum mounts. Moreover, the pair is currently trading way above its 50- and 200-period simple moving averages (SMAs), reinforcing its overall bullish Read more…