Old economy cash flows vs future mobility bets: Why TSLA vs FORD is becoming a different trade
For a while, the EV trade felt almost too easy. You had carmakers rolling out announcements about new battery plants, dropping hints about software revenue and self-driving, bumping up production…
Read More »USDCHF trades new lows for the week but also near key 100 day MA support
The USDCHF traded to the low for the week on Monday, testing both the May 15 low and the 100-day moving average, where dip buyers stepped in despite a brief…
Read More »Stocks remain higher but off highs as hope fades ahead of the weekend for peace
As the week comes to a close, US stocks are giving back some of their earlier gains. The major indices remain higher on the day, with the Dow up 0.74%,…
Read More »investingLive Americas FX news wrap 22 May: Markets eye Iran talks, Fed signals now
Stocks remain higher but off highs as hope fades ahead of the weekend for peace Sky News Arabia: Negotiations in Tehran have reached an agreement on nuclear issue Bakers Hughes…
Read More »New Fed Chair Warsh: Ours is a time of great consequence
Thank you Pres. Trump Intend to fill roll with energy and purpose Look to faithful to the mission These years can bring unmatched prosperity, that will raise living standards. INflation…
Read More »Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment
USD/JPY holds firm on Friday, remaining confined within this week’s trading range as traders refrain from placing aggressive bullish bets near the 160.00 handle following suspected intervention by Japanese authorities…
Read More »Canada retail sales for March 0.9% vs 0.6% estimate
Prior month 0.7% Retail sales 0.9% vs 0.6% estimate Retail sales ex autos 1.4% vs 0.9% estimate Other details: Retail sales rose 0.9% in March to $72.7 billion. Four of…
Read More »Indian Rupee extends recovery as US-Iran deal optimism builds pressure on oil price
The Indian Rupee (INR) extends its recovery against the US Dollar (USD) on Friday. The USD/INR pair slides to near 95.90 as weakness in oil prices due to intensified optimism…
Read More »Japan Jibun Bank Services PMI declined to 50 in May from previous 51
Japan Jibun Bank Services PMI declined to 50 in May from previous 51
Read More »SpaceX files for Nasdaq IPO with Musk retaining 85.1% voting control
SpaceX has filed an S-1 with the SEC for a Nasdaq IPO under ticker SPCX, offering Class A shares with one vote each while Elon Musk retains 85.1% combined voting…
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