Morrison
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Spending surges in spite of inflation
Summary Despite real income growth being strong, real spending is stronger, forcing consumers to dip into savings. In the short run, that's problematic as it keeps pressure on inflation, particularly services prices. But the reach is not sustainable indefinitely amid mounting personal interest expen
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AI saves the day
Facebook’s Meta went on a 10% freefall yesterday, even after the company announced better-than-expected earnings. This being said, yesterday’s selloff ended up being less than suggested in the afterhours trading. CEO Mark Zuckerberg said that, in the past, the company also experienced high price vol
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EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
EUR/USD meets with some supply amid the emergence of some USD buying on Friday. Bets that the Fed will keep rates higher for longer amid sticky inflation underpin the USD. Traders, however, seem reluctant and look to the US PCE Price Index for a fresh impetus. The EUR/USD pair edges lower during the
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Meta takes a guidance slide amidst the battle between yields and earnings
Wednesday saw a back-and-forth session for traders grappling with the challenge of rising US yields amid encouraging earnings reports. However, late-hours trading witnessed a downturn in the S&P 500 as major tech stocks, including Meta Platforms Inc., experienced a sell-off. Meta's disappointing
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European Stocks Fail To Hold Gains, Close Weak
European stocks failed to hold early gains and ended weak on Wednesday with the mood turning cautious past mid afternoon as investors awaited some crucial U.S. economic data for more clarity about the outlook for interest rates. Stocks gained in strength early on in the session, reacting to a slew o
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USD/CHF Price Analysis: Trades close to six-month high around 0.9150
USD/CHF oscillates near a six-month high around 0.9150, exhibiting strength ahead of crucial US data. The SNB is expected to extend the rate-cut cycle in June. The Fed sees the current interest rate policy framework as appropriate. The USD/CHF pair hovers around the six-month high of 0.9150 in Wedne
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Pull-up Update