Summary The Bank of England (BoE) delivered a February monetary policy announcement that was towards the hawkish end of market expectations. The BoE raised its policy rate 25 bps to 0.50%, though several policymakers dissented Read more…
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings. Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed Read more…
Facebook’s metaverse division lost more than $10 billion last year, but the company is sticking to its bet and will continue to invest in AR/VR projects. Facebook’s (FB) – Get Meta Platforms Inc. Class A Read more…
Soaring wages, shipping rates and Covid costs are likely to eat away at Amazon’s Q4 bottom line, but the world’s biggest online retailer is still a top-line powerhouse. Amazon (AMZN) – Get Amazon.com, Inc. Report shares Read more…
EURCAD surged furiously above the 200-period simple moving average (SMA) on the four-hour chart, which has been blocking upside movements over the past few sessions, to print a one-month high at 1.4484. The market action, Read more…
The ISM services index eased 2.4 percentage points (ppts) to 59.9 in January (from 62.3 reported in December). This was a slightly better reading than 59.5 expected by the median consensus estimate. Demand sub-indexes continued Read more…
The latest batch of Canadian employment data will hit the markets at 13:30 GMT Friday. It seems that the Omicron wave hit the labor market in January, with forecasts pointing to a loss in jobs. Read more…
NFP insight If you’ve gotten accustomed to seeing strong growth in US jobs every single month, as the rest of the world has, you may be in for a rude surprise this month. According to Read more…
European stock markets are coming under pressure on Thursday, with the moves being exacerbated by the realisation that rate hikes may come earlier and faster than thought. Equity markets were already under a little pressure Read more…
The Australian dollar headed lower earlier in the day before recovering. In the North American session, AUD/USD is trading at 0.7137, down 0.01% on the day. The RBA policy meeting went as expected, with the Read more…