US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …

The EUR/USD pair holds on its substantial gains and trades in the 1.0160 price zone after hitting a daily high of 1.0200. The US dollar remained weaker on Monday amid a significantly better performance in the stock markets.Investors are still concerned about looming recessions and overheated inflation, but at this …

While Russia continues to cut off supply to Europe while historic heatwaves are causing a spike in demand for gas to cool homes, France is beginning to detect a looming energy crisis. A cold winter will take off after this summer, if fuel prices continue to rise, the crisis will …

Wall Street is ticking higher Monday to kick off a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 was 0.5% higher in afternoon trading, on pace for another gain after it …

Gold Price s correcting the weekly and daily impulses. The focus is on the US dollar’s performance and the future path of the Federal Reserve in response to latest inflation-linked data. The 50% mean reversion and a 38.2% Fibonacci retracement are brought into focus. At $1709 to $1711, gold price …

At 0.6827, AUD/USD is trading between a 0.6784 and 0.6854 range but is higher by 0.5% on the first trading day of the week in midday New York trade. However, the pair is significantly higher than the fresh bear cycle low that was printed last week which was the lowest …

The USD/CAD pair slid almost 0.80% on Monday on a risk-on mood, soft US dollar, and elevated oil prices. Last week’s US inflation data, mainly core-CPI, eased worries of a Fed 100 bps rate hike, as most policymakers pushed back against it.Canada’s inflation and retail sales would shed some light, …

The GBP/USD pair broke above 1.1990 during the American session and jumped to 1.2033, reaching the highest level since July 8. It is hovering around 1.2010/15, up 150 pips for the day, boosted by a weaker US dollar.Generally speaking, there is a significant improvement in risk sentiment. Equity prices ended …

Statistics Canada will release June Consumer Price Index (CPI) data on Wednesday, July 20 at 12:30, and forecasts by the economists from six major banks regarding the upcoming Canadian inflation data shed light on the awaited reading.The June Canada inflation rate is expected to rise by +0.9% MoM from +1.4% …

The US dollar surged to two-decade highs between Wednesday and Thursday after panic across markets that the Fed might decide a record 100-basis point rate hike next to suppress fresh four-decade highs in consumer prices which constitute a threat later downplayed by the US monetary policymakers.On Friday, the US Census …