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USD Weakness to Make Headway as Fed Abandons Hawkish Pledge
US dollar weakness is making headway as the Fed abandons its hawkish pledgeAfter a sharp sell-off late last year and early 2023, the US dollar, according to the DXY index, made a solid recovery in February, buoyed by hotter-than-expected US…
Walmart Makes a Surprise Move Amazon Can't Copy
Walmart is committed to a new customer service that Amazon doesn't yet have an answer for.Walmart (wmt) - Get a free reportIt is Amazon (AMZN) - Get a free reportThe biggest competitor and competitor. Both retail giants are always trying…
Tesla to build Shanghai factory to make Megapack batteries
© Reuters. FILE PHOTO: A Tesla sign is seen at its factory in Shanghai, China, on May 13, 2021. REUTERS/Ali Song
SHANGHAI (Reuters) - China's state news agency Xinhua reported on Sunday that Tesla will build a factory in Shanghai to…
The Anti-Crypto Army Is Going to War
Crypto has often come across as apolitical. This is partly due to being seen as existing outside regular financial systems and, going back through crypto history, being outside regular systems really meant that, with early enthusiasts…
Dollar dips vs most currencies ahead of US nonfarm payrolls By Reuters
© Reuters. FILE PHOTO: US dollar banknotes are shown in this illustration taken on February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
By Gertrude Chavez-Dreyfus NEW YORK (Reuters) - The dollar fell against some major…
Daily Forex News and Watchlist: NZD/USD
Risk flows weighed on the New Zealand dollar, even with most markets closed for a holiday.
Can NZD/USD Continue to Rise During NFP Release?
Before moving on to ICYMI, yesterday's watchlist looked at the ascending channel in USD/CAD which…
First Republic suspends dividends on preferred shares
US regional banks will get off to a rocky start to the new week after troubled First Republic announced late Friday that it would suspend dividend payments on blue-chip stocks. The company said it was a "prudent oversight measure" but the…
Market Update – April 6 – Eyes on Jobs
While Friday's jobs report is the near-term focus, attention is already turning to CPI on April 12th.
American dollar He wobbled at first and stumbled 101.4 on data, but recovered to close at 101.75. Another data miss,…
WTI to Head Lower in Q2 as Fundamentals Weaken
OPEC expects a decline in global oil demand in the second quarterAccording to revised forecasts in OPEC's monthly report for March, the second quarter is still likely to see lower global oil demand compared to the first quarter, although…
Elon Musk Warns U.S. Banks Face a Big Problem
The sudden collapse of the Silicon Valley bank on March 10 caused panic among depositors in many banks, large and small.Is the banking crisis that began last month over?Is it almost over, or just the beginning?Opinions differ.On March 10,…
