September Flashlight for the FOMC Blackout Period
Executive Summary Coming off the first rate cut in a decade, the Federal Reserve Open Markets Committee (FOMC) heads into its September meeting with financial markets not so much considering whether it will cut rates again, but rather by how...
US job openings decline for second straight month
Recruiters and job seekers are seen at a job fair. Rick Wilking | Reuters U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists’ views that...
Amazon is hiring over 30,000 workers in these 6 US cities
Amazon wants to add 30,000 people to its workforce, and it’s putting on major hiring events in six cities to recruit. Amazon Career Day will be held Tuesday, Sept. 17, in Arlington, Virginia (the company’s newly-minted second U.S. headquarters); Boston;...
Sterling Lifted Mildly by Job Data, Markets Steady Overall
The financial markets are generally steady today, with stock and bond markets bounded in tight range. Most major currency pairs and crosses are also staying inside yesterday’s range. Swiss Franc is currently the firmer one, followed by Sterling is mildly...
FTSE At Key Support As Parliament Suspension Begins
The FTSE has lagged its European and US counterparts in recent days. Paradoxically, its underperformance has not much to do with Brexit-related uncertainty. Given that a large proportion of profits for FTSE 100 companies is made in dollars, the recent...
WTI Oil Outlook: Price Continues To Advance On Optimism Of Extended Production Cut
WTI oil extends advance and holds in green for the fifth straight day, with bulls establishing above $58 mark and posting new six-week high at $58.38 on Tuesday. Fresh optimism on OPEC+ group attempts to extend production cut keeps the...
Yen Lower as Yields Recover, Aussie Falls on Business Confidence
Yen weakens broadly today following recovery in major treasury yields, as a sign of stabilization in sentiments. Most notably, German 10-year yield closed above -0.6% at -0.585, while US 10-year yield closed above 1.6% at 1.622. Australian Dollar is currently...
CRUDE OIL: Price Build Up Targets The 58.79 Resistance Zone
CRUDE OIL price build up targets the 58.79 resistance zone as it retains its strength. Support lies at the 57.50 level where a break will expose the 57.00 level. A cut through here will set the stage for a run...
Stocks making the biggest moves after hours: Wendy’s, Ford and more
An employee hands a customer their order at the drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Wendy’s shares fell about 4% after...
Stocks are expected to break out to new highs, barring any errant presidential trade tweets
Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters The stock market is itching to make new highs, and it may soon, as long as progress continues to appear to be made on the...