After the hawkish ECB meeting today, we change our ECB call and now expect the ECB to hike its deposit facility rate in December this year, and again in March 2023, by 25bp each, which Read more…
The Bank of England hikes rates by 25bps, as expected. However, the decision was close to being a 50bps hike, as 4 of the 9 members voted for the higher rate increase. The markets took Read more…
The ECB left its key interest rates unchanged today at 0.0% and left the deposit rate unchanged at -0.5% as well. In the statement, the committee “judges that realized progress on inflation is sufficiently advanced Read more…
EURUSD reversed from support zone Likely to rise to resistance level 1.1470 EURUSD currency pair recently reversed up sharply from the support zone lying between the major support level 1.12 (which has been reversing the Read more…
EURAUD broke resistance zone Likely to rise to resistance level 1.6125 EURAUD currency pair recently broke the resistance zone lying between the key resistance level 1.5950 (which has been reversing the pair from January) and Read more…
Surge in online retailer and web services provider’s shares following earnings results suggests sharp rise to start Friday. A day after Facebook parent Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report posted disastrous Read more…
Jim Cramer says, ‘We all gotta calm down,’ and investors should be on the lookout for the best buying opportunities in this ’emotional’ market. This is one of the most emotional markets Jim Cramer has Read more…
Capitulation refers to a panicked selloff period—either in a particular stock, an industry, or the market at large. Stubaileyphoto via Pixabay; Canva What Is Capitulation in Simple Terms? Traditionally, capitulate means “surrender.” When applied to Read more…
With crude oil prices rising towards $100 a barrel on Ukraine tensions and tight supplies, industry watchers see fuel price rises continuing for months. Crude oil prices reached $90 a barrel on Thursday for the Read more…