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Coinbase posts sixth consecutive quarterly loss
The U.S. cryptocurrency exchange remains locked in a legal battle with regulators....
August 3, 2023, 5:34 pm
Usd/jpy retreats from four-week high amid boj intervention, us data
USD/JPY reached a four-week high of 143.88 amid BoJ’s unscheduled bond-buying intervention. Initial unemployment claims came within estimates at 227...
August 3, 2023, 5:14 pm
Natwest cuts bank of england peak rate to 5.50% from 6.00%
The tone from the Bank of England was less-hawkish today and that's led NatWest to cuts its terminal peak rate forecast to 5.50% from 6.00%.Market pri...
August 3, 2023, 3:52 pm
Gbpjpy holds near highs amid weakening bullish bias
GBPJPY has been consolidating over the past month after reaching a 7½-month high of 183.99 on July 5, but the negative risks appear to be accumulatin...
August 3, 2023, 3:06 pm
Bank of england review – we stay negative on gbp with boe nearing peak
In line with our expectation, the BoE today hiked the policy rate by 25bp, bringing the Bank Rate to 5.25%. We stick to our call of a final 25bp hike ...
August 3, 2023, 3:01 pm
Bofa holds no. 1 position in corporate bond underwriting, with wells fargo moving up to no.
Bank of America Corp.'s investment bank BofA Securities remained the top corporate debt issuer in 2023 ...
August 3, 2023, 3:01 pm
Altria:(e)njoy the turnaround story
Altria reported Q2 earnings with EPS growing by 11% and revenue growing by 14% quarter-over-quarter. The company's focus is now on accelerating the ad...
August 3, 2023, 3:00 pm
Fitch treasury downgrade only adds to u.s. dollar devaluation concerns: sell uup
Fitch forecasts rising spending deficits and a recession in the US, making it harder for the dollar to ignore the surprise Treasury downgrade. Medium-...
August 3, 2023, 2:30 pm
Wix.com is soaring: generative ai is a tailwind, not a risk - buy this rally
Wix has seen a surprise acceleration in revenue growth, benefiting from generative AI and easy comparables. The stock is up 50% from its lows but...
August 3, 2023, 1:47 pm
S&p global final us services pmi 52.3 vs 52.4 prelim
Lowest since FebPrelim was 52.4Prior was 54.4Final composite PMI vs 52.0 prelimPrior composite PMI was 53.2Business activity and new orders increased ...
August 3, 2023, 1:45 pm
Why spirit aerosystems stock fell this week
Spirit missed earnings estimates, and warned higher costs would impact cash flow into 2025. The company remain...
August 3, 2023, 1:39 pm
Editas' (edit) q2 earnings beat, sales miss, pipeline in focus
Editas (EDIT) reports mixed second-quarter 2023 results. EDIT-301 studies remain on track to provide up...
August 3, 2023, 1:30 pm
Why goodyear tire stock fell today
Goodyear fell to an unexpected loss in the quarter due to a range of macro and company-specific factors. The company should enjoy better year-over-yea...
August 3, 2023, 1:26 pm
Eur/usd mid-day outlook
Daily Pivots: (S1) 1.0897; (P) 1.0959; (R1) 1.0999; More… Intraday bias in EUR/USD remains on the dow...
August 3, 2023, 1:25 pm
Gold price: weaker rebound on downbeat us unemployment
The XAU/USD remains bearish as long as it stays below the S1 (1,940). The median line (ml) could attrac...
August 3, 2023, 1:19 pm
Gbp/usd mid-day outlook
Daily Pivots: (S1) 1.2659; (P) 1.2732; (R1) 1.2784; More… GBP/USD’s decline from 1.3141 extends to as low as 1.2618 so far today, and met 38.2% re...
August 3, 2023, 1:18 pm
Sterling suffers as boe treads cautiously with 25bps rate hike; dollar maintains weekly lead
Sterling falls significantly today following BoE’s decision to raise interest rates by only 25bps. This cautious, along with Governor Andrew Bailey�...
August 3, 2023, 1:17 pm
Initial us jobless claims 227k vs 227k estimate.continuing claims 1.700m vs 1.700m est
Prior week 221K. That remained unrevisedInitial jobless claims came in as expected at 227K. That is an ...
August 3, 2023, 12:31 pm
Fed's barkin: further economic slowing 'is almost surely on the horizon'
Inflation remains too highFed's objective isn't to cause a recession but to reduce inflationConsumer sp...
August 3, 2023, 12:22 pm
Microstrategy’s resolute path with bitcoin: undaunted by potential etf approvals
Undeterred by potential ETF approval, MicroStrategy remains steadfast in its Bitcoin course, led by Mic...
August 3, 2023, 12:17 pm