USD/TRY: One to Watch
The long weekend is fast approaching, and traders are slowly winding down. So, I won’t waste your time with a lengthy report. But I just came across this chart of the USD/TRY, which you may want to keep in your...
Canadian Dollar Lower as US Dollar Gains Retail Sales Boost
The Canadian dollar fell 0.28 percent on Thursday. US economic data was the deciding factor as the dollar rose against the loonie despite crude prices heading higher. Canadian retail sales had strong gains but could not overcome their US counterpart....
Turkey is Slowly Becoming Argentina
The Turkish lira fell under immense pressure after the Financial Times reported the Turkish central bank (CBRT) used billions of dollars in short-term borrowing to bulk out its reserves. At one point, the lira was down 2% to the dollar,...
EURUSD Tumbles On Price Sell Off
EURUSD tumbles on price sell off as it look to extend more weakness. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down,...
Japan’s inflation edges higher but its central bank is still in a bind
Japan’s core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan’s ambitious 2% target in a sign of rising pressure on the central bank. Over the past year, policymakers have had...
After-hours buzz: Intuitive Surgical, Pinterest & more
Check out the companies making headlines after the bell: Shares of Intuitive Surgical plummeted more than 6 percent in extended trading Thursday following the release of the company’s disappointing first-quarter earnings. Intuitive Surgical posted earnings per share of $2.61, missing...
A controversial part of Robinhood’s business tripled in sales thanks to high-frequency trading firms
The revenue Robinhood gets from a controversial practice of selling customer trades to high frequency trading firms is skyrocketing, according to new research. The popular millennial stock-trading app brought in $69 million in order routing revenue in 2018, according to...
Stocks making the biggest moves midday: Pinterest, Zoom, Blackstone & more
Check out the companies making headlines midday Thursday: Zoom Video Communications — Shares of the videoconferencing software company Zoom surged 72.2% on Thursday, its first day of trading. The stock traded as high as $66, compared with its initial price...
Expectations for first-quarter growth have suddenly surged past 2%
Economic growth perked up late in the first quarter, to well above 2% after looking to be 1% or less during the winter storms and government shutdown. Economists surveyed by CNBC/Moody’s Analytics Rapid Update raised their growth estimates by 0.3...
Banks can help to alleviate the refugee crisis
According to recent data compiled by the UNHCR, there are 40 million internally displaced people in the world. Add to this another 25.4 million refugees and 3.1 million asylum seekers and that makes 68.5 million forcibly displaced people worldwide. Some...
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