Business

Supermarkets Falter at ‘Sell Zone’

This week saw Morrison, Sainsbury, Tesco and Marks & Spencer all report. Accordingly, let’s take a look at the ‘state of play’ for British supermarkets. First and foremost, the updates were, without doubt, bullish. Buoyed by growing UK retail sales…

Retail Sales Weaker Than Expected in December

Retail sales increased 0.6 percent in December while November’s result was revised up to 0.2 percent from 0.1 percent. Retail sales ex-auto was very weak, up only 0.2 percent versus expectations of 0.5 percent. Retail Sales Driven By Motor Vehicles…

European Central Bank monetary policy minutes reflect cautious growth

Sentiment goes alongside with technicals, as the FXStreet Forecast poll sees the pair extending its upward corrective movement next week, with bulls accounting a 60%, but the long term bearish expectations firm in place, as bears dominate the 1 month,…

EUR/USD Forecast: dollar’s bulls bend but don’t break

The EUR/USD pair is up for a fourth consecutive week, although gains now seem a bit more sustainable than on the previous ones, when the pair barely added some pips. After starting the year posting a fresh 14-year record low…

European equities had a strong run and are currently about 1% higher

European equities had a strong run and are currently about 1% higher, while US equities take a positive, but cautious start after a batch of mixed financial results.     Sales at U.S. retailers accelerated in December (0.6% M/M) on the…

ECB preview: still dovish despite better data

We do not expect a hawkish stance from the ECB, although the latest economic survey indicators have strengthened further and inflation has risen above 1.0% for the first time in three years. President Mario Draghi will most likely argue that…

Amazon’s cargo jets cut shipping costs by carrying the light loads

If you got a speedy delivery on a last-minute gift at the height of holiday season, you might have Amazon’s fleet of cargo planes to thank for pulling off a minor miracle. Although Amazon says the fleet is only meant…