Month: July 2022

AUD/USD is set to finish the week up by 2.23%. US Services and Composite PMIs plummeted below 50, suggesting a recession could be near. Hawkish RBA minutes revealed during the week cushioned the AUD/USD from falling further on weak Aussie PMIs. The AUD/USD rises for the second consecutive day, registering solid gains amidst a fragile
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The lift from ECB rate hike to Euro was rather brief yesterday. The common currency remains range bound again most currencies and turns slightly softer today. Dollar, on the other hand, is regaining some ground with Canadian and Swiss Franc. Overall, the greenback is still the weakest one for the week, followed by Yen. Aussie
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In this article SNAP Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing second-quarter results and said it plans to slow hiring as it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, and technology chief Bobby Murphy agreed to new employment contracts that will
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The GkF Uk consumer sentiment survey remained at its record, 48-year, low in July: -41 vs. -42 expected and -41 in June also, Reuters report: Joe Staton, client strategy director at GfK, said a two-point rise in hopes for personal finances over the next 12 months might reflect optimism after Prime Minister Boris Johnson said
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