Euro Area Inflation On The Rise But Far From Target
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GBP/USD Outlook: Better Than Expected UK Data Lift Cable But Near-Term Action Remains In A Range
Cable bounces in European trading on Wednesday after data showed the UK economy grew above expectations in Q4 2020 and current account deficit, although widened below forecasts. The recovery of two-day drop so far stays below pivotal barriers provided by...
Amazon-backed Deliveroo tanks in London market debut
A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo plunged in its stock market debut Wednesday, as the company faces pressure from top investors...
Selloff in Yen and Franc Continues, Euro also Weak
Selloff in Yen and Swiss Franc remain a main theme in the markets in Asia today, while Euro is also weak. Dollar is staying firm but it’s struggling to extend gain against commodity currencies and Sterling for now. Indeed, Aussie...
Market Morning Briefing: Aussie Has Dipped On Fall In Copper Prices
STOCKS Dow has to sustain above 33000 to see an extended rise to 33450-33500 before a reversal. Else a fall can happen from here itself. DAX is at its crucial resistance which we expect to hold and drag the index...
Critics slam the Fed as home prices rise at a historic rate
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation,...
Tax-refund phishing scam targets college students and staff, IRS warns
Visoot Uthairam | Moment | Getty Images The IRS warned Tuesday of a tax-refund phishing scam targeting college students and staff who believe they have a pending tax refund. Con artists are using fake e-mails to impersonate the federal tax...
The Rise of the US Dollar and Yields into Month/Quarter End
In our Week Ahead for last week, we highlighted the daily US Dollar Index (DXY) as the Chart of the Week. We noted that price had broken out of a flag pattern on the daily timeframe and was heading towards...
Roar: Consumer Confidence Surges in Preview of Coming Spending Spree
Consumers certainly regained confidence in March. The headline print of 109.7 handily exceeded even the most optimist forecast with room to spare. After a run of mostly disappointing February data, this surge is consistent with our expectation that we are...
Swissie Falls Despite Sparkling Swiss KoF
The Swiss franc is trading in negative territory in the Tuesday session. Currently, USD/CHF is trading at 0.9422, up 0.35% on the day. On the fundamental front, Switzerland releases the Credit Suisse Economic Expectations Index (Wednesday, 8:00 GMT). KoF Economic Barometer...
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