Facebook is an ‘extraordinary business,’ he said. But Buffett sees the best businesses as the most difficult to value. Warren Buffett has shown admiration for Meta Platforms (Facebook) (FB) – Get Meta Platforms Inc. Class Read more…
Markets The Bank of England did what it was supposed to do: raise rates. The MPC agreed on a 5-4 basis for a 25bps hike to 0.5%. The four members voting against were actually in Read more…
US ISM Services dropped -2.4 pts to 59.9 in January, above expectation of 58.7. Looking at some details, business activity/production dropped -8.4 to 59.9. New orders dropped -0.4 to 61.7. Employment dropped -2.4 to 52.3. Read more…
Hard Rock International plans to build a Guitar Hotel on the Las Vegas Strip, and that means something has to go to make way for the new project. Las Vegas has an endless series of Read more…
Bank of England hikes rates Abandoning its communication fiasco of late last year, the Bank of England delivered its first back-to-back rate increase in almost two decades, lifting interest rates by 25 basis points to Read more…
Daily Pivots: (S1) 0.8318; (P) 0.8335; (R1) 0.8345; More… EUR/GBP spiked lower to 0.8282 but recovered strong just ahead of 0.8276 key long term support. Intraday bias remains neutral first. On the upside, firm break Read more…
Daily Pivots: (S1) 129.12; (P) 129.30; (R1) 129.54; More…. EUR/JPY’s strong break of 129.76 resistance suggests that fall from 131.59 is merely a correction to rise from 127.36, and has completed at 128.23 already. Intraday Read more…
Daily Pivots: (S1) 154.95; (P) 155.19; (R1) 155.57; More… GBP/JPY’s strong break of 155.38 minor resistance suggest that fall from 157.74 was merely a correction to rise from 148.49, and has completed at 152.88 already. Read more…
Daily Pivots: (S1) 114.13; (P) 114.46; (R1) 114.77; More… Intraday bias in USD/JPY is turned neutral first with current recovery from 114.14. Overall, corrective pattern from 116.34 is extending. Below 114.14 will target 113.46 and Read more…
Daily Pivots: (S1) 0.9172; (P) 0.9197; (R1) 0.9215; More…. Outlook in USD/CHF is unchanged and intraday bias remains mildly on the downside. Deeper fall would be seen to 0.9090 support. Firm break there will argue Read more…