The troll farms are winning and can’t be stopped
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of…
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Broadcom is having its own Nvidia moment as shares rise 20% on week
Broadcom (AVGO) stock exploded 12% on Thursday, quite a feat for a company already valued at more than half a trillion dollars.
Read More »British Pound (GBP) – Bank of England and Inflation Data on Deck Next Week
UK inflation is expected to fall further next week and that may give the Bank of England a bit of wiggle room when discussing future rate cuts
Read More »BoJ Preview: Inflation and Wages Leave more to be Desired
BoJ expected to leave rates on hold but talk over gradually reducing bond purchases are likely to draw the focus tomorrow. Yen gives back ground after FOMC event
Read More »Forexlive Asia-pacific FX news wrap 14 Jun: BoJ leaves rates & bond purchases unchanged
Apart from the volatility in the JPY, the Asia-Pacific session has seen mostly muted flows across major asset classes. Equities: Mostly mixed with North American equity futures mixed with the…
Read More »Euro Latest – EUR/USD and EUR/GBP Technical Outlooks
The Euro bounced back from heavily oversold conditions on Wednesday, helped by a softer than expected US inflation report.
Read More »US initial jobless claims 242K versus 225K estimate
Prior week initial jobless claims 229 K Initial jobless claims 242K vs 220K estimate. Highest since August 2023 4-week moving average of initial jobless claims 227.00 versus 222.5K Prior week…
Read More »FOMC Roundup: Fed Reconsiders Rate Cuts as Inflation Forecast Drifts Higher
Fed trims rate cut bets as inflation forecast rises. USD reclaims ground on hawkish projections, while US equities rally on lower yields despite hotter inflation outlook
Read More »UBS now sees the Fed only cutting interest rates in December
According to UBS: “The data is going to need to change a lot of minds to bring people back to cutting in September, and start doing so in the next…
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