Hurricane Franklin remained a powerful Category 4 storm Tuesday despite experiencing some weakening overnight. Photo courtesy of NOAA Aug. 29 (UPI) — Hurricane Franklin is generating...
Year: 2023
EUR/USD rallies to three-day highs above 1.0870s as the US Dollar weakens on Fed hike expectations
US Job Openings missed estimates while Consumer Confidence declined. After US data, the Fed rate hike expectations lowered. Germany’s economic data, alongside the US ADP report,...
AUD/USD approaches the 20-day SMA as the USD tumbles
AUD/USD rose to a 5-day high towards 0.6465 and threatened the 20-day SMA of 0.6475. Markets are now pricing in rate cuts by the Fed in...
Nio Stock Earnings: NIO slides on poor Q2 results but then finds floor
Nio loses 8.1% at Tuesday open. Q2 results showed revenue dropping 15% YoY. Q2 adjusted EPADS missed estimated by $0.04. Vehicle margin improved from Q1 but was...