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Markets
Sterling – Strong Retails Sales & Weaker PMI’s Following the BOE
GBPJPY, daily
UK retail sales are much stronger than expected. Sales jumped 1.2% In February, while the January reading was revised up 0.9% from 0.5% I mentioned at the beginning. The February data is the biggest…
EUR/USD Takes a Breather as Prices Test Support
Euro Dollar (EUR/USD) Talking Points:EUR/USD is holding onto the 50-day moving average (MA) as prices struggle to break free from a broader range of support and resistance.The Euro fell after failing to breach above 1.090The US dollar…
Wendy's Answers McDonald's Challenge With New Take on Fan Favorite
A new menu battle is brewing between Wendy's and McDonald's this spring.McDonald's (mcd) - Get a free reportand Wendy (n) - Get a free reportThey have long competed with each other as two of the best fast food burger chains.McDonald's and…
Apple CEO praises China’s innovation, long history of cooperation on Beijing visit By Reuters
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© Reuters. Apple CEO Tim Cook leaves the venue after his speech at the 2023 China Development Forum, in Beijing, China, March 25, 2023. cnsphoto via REUTERS
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SHANGHAI (Reuters) - Apple Inc Chief Executive Tim Cook used his…
Executive Moves of the Week
As we enter the last week of March 2023, there is some growth in the number of CEOs hired this week in the forex, crypto, and financial technology industries. Let's take a look at the CEOs who have filled new positions and experiences in…
Venezuela need for dollars helped spark PDVSA graft probe -sources By Reuters
© Reuters. FILE PHOTO: A statue depicting an oil tower was erected by Venezuelan oil company PDVSA near the company's headquarters, in Caracas, Venezuela on March 20, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo
Written by Myla…
Weekly FX Market Recap: Mar. 20 – 24, 2023
Banking sector woes were still the main theme early in the week before the spotlight shifted to the FOMC decision later on, along with other major central banks’ statements.
Efforts to shore up liquidity and restore confidence in the…
Week Ahead March 27-31st: Highlights include US PCE, China PMIs, EZ CPI, Aus CPI
MON: German Ifo Survey (March).Tuesday: NBH Policy Announcement, US Advanced Commodity Trade Balance (Feb), US Richmond Fed (March).married: CNB Policy Announcement, Australian Consumer Price Index (Feb).Thursday: SARB Policy Announcement,…
Events to Look Out For Next Week
Even if central banking chaos is out of the way for now, there is a heavy agenda for central bank rhetoric ahead. So far, the market remains concerned…
Path of Least Resistance is Lower after Fed Ditches Hawkish View
US dollar forecast:U.S. dollar Friday's gains due to risk aversion, but huge losses this weekThe Fed's decision to drop its hawkish guidance will help stabilize sentiment soon, but the timeline is uncertainMarkets started to cut prices…
