rodney
He liked
He liked
Tesla jumps despite revenue miss, EUR/USD tests 1.0700 [Video]
Tesla jumped despite missing earnings and revenue expectations, Apple eked out gains despite news of a 19% drop in Chinese iPhone sales. Texas Instruments rose on a bullish revenue forecast for the current quarter hinting at a slower decline in chip demand from industrials and car industry. Spotify
He liked
USD/CAD remains subdued around 1.3650 due to higher crude prices, disappointing US PMI
USD/CAD faces challenges due to improved risk sentiment, driven by easing geopolitical tensions in the Middle East. The US Dollar lost ground after the release of downbeat US PMI data released on Tuesday. The Canadian Dollar receives support from the uptick in crude Oil prices. USD/CAD continues its
He liked
Canadian Dollar grinds out meager recovery ahead of Tuesday's US PMI figures
Canadian Dollar finds room on high side as data-driven markets await US PMI print. Canada data remains limited until Wednesday's CAD Retail Sales. Tuesday's US PMIs expected to show a slight uptick in activity. The Canadian Dollar (CAD) is moderately higher on Monday, trading into the green against
He liked
He liked
All eyes on Lagarde – Stock markets remain in correction/sell-on-upticksmode
Markets Sterling finally snapped. A speech by Bank of England Ramsden was the straw that broke the camel’s back. He referred amongst others to the April CPI figure which will likely show the UK converging with the EU. Earlier last week, Bank of England governor Bailey also referred to that number wh
He liked
He liked
GBP/USD eyes retail sales
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%. Will UK retail sales improve? The UK release retail sales for March on Friday. The market forecast for March is 0.7% y/y after a decline of 0.4
He liked
He liked
He liked
He liked
Fed's Mester: More information needed before confirming 2% inflation sustainability
Federal Reserve Bank of Cleveland President Loretta Mester spoke on "An update from the Federal Reserve” on Wednesday. Mester said that inflation is higher than expected and the US Fed needs more confidence in trajectory. Key quotes “More information needed before confirming 2% inflation sustainabil
He liked
UK inflation ticks lower, but cracks start to appear in the AI giants
Another day and another data print for the UK economy that could determine the timing of rate cuts from the Bank of England. UK CPI for March was a touch stronger than expected, but overall, the disinflation trend remains intact, even if inflation is not falling as fast as expected. The headline CPI
He liked
He liked
Asian Shares Slide On U.S. Rate Worries, Mixed Chinese Data
Asian stocks tumbled on Tuesday, as bond yields surged and the dollar climbed to more than five-month highs as Middle East tensions persisted and signs of resilient consumer demand in the U.S. meant the Federal Reserve could delay interest rate cuts this year. Citing a strong economy and labor marke
Pull-up Update