Fitch Ratings has downgraded Russia’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘B’. The ‘C’ rating reflects Fitch’s view that a sovereign default is imminent. The rating agency said developments since March Read more…
US CPI inflation readings for February will be out on Thursday at 12:30 GMT, likely generating more anxiety for Fed policymakers amid the Ukrainian geopolitical nightmare as price pressures are expected to have intensified further. The US dollar Read more…
AUDUSD has snagged around the ascending 50-period simple moving average (SMA) around 0.7279 after its latest deep retracement from a four-month high of 0.7440. The SMAs are essentially defending the rally that began from the Read more…
The US will release CPI data for February on Thursday. Expectations are once again for a high reading. This month economists are looking for a 7.9% YoY reading vs a 7.5% YoY print in January. Read more…
When is the ECB rate decision? The ECB interest rate decision is due on Thursday at 12:30pm GMT The economic picture The ECB is between a rock and a hard place right now as it Read more…
The Euro has been moving lower against many currencies lately. For example, EUR/USD has moved from 1.1498 down to 1.0806 over the last month! And one can see as to why: The Euro zone is Read more…
EURCAD reversed from support area Likely to rise to resistance level 1.41 EURCAD recently reversed up sharply from the support area located between the key support level 1.3800, weekly down channel from 2021 and the Read more…
Gold broke round resistance level 2000.00 Likely to rise to resistance level 2075.00 Gold recently broke through the major resistance area located between the round resistance level 2000.00 and the resistance trendline of the sharp Read more…
The celebrity chef is opening a family entertainment center in Tennessee, and you better believe there’s a Tiki bar. Guy Fieri is fast becoming more than a celebrity chef, restaurant owner and television host. He’s Read more…
An overwhelming majority of drivers are concerned about being able to afford gas this year. Whether it’s the aftershock of Russia’s invasion of Ukraine or regular inflation, gas prices are rising steeply — a concern Read more…