U.S. housing starts surge 22.6% in July
U.S. homebuilding picked up for a third straight month in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown because of the Covid-19 pandemic....
Stocks making the biggest moves in the premarket: Home Depot, Walmart, Amazon, Kohl’s & more
Take a look at some of the biggest movers in the premarket: Home Depot (HD) – The home improvement retailer earned $4.02 per share for the second quarter, beating the consensus estimate of $3.71 a share. Revenue came in well...
EUR/JPY Tests 200– Hour SMA
The single Eurozone currency declined by 62 pips or 0.49% against the Japanese Yen on Monday. The currency pair tested the 200– hour simple moving average at 125.47 on Tuesday morning. If the support line formed by the 200– hour...
USD Remains On The Defensive
Notes/Observations USD continues its retreat aided by retreating yields, soft US economic data and a dip in safe-haven status Asia: RBA Aug Minutes: Economic recovery likely to be slower than previously expected. Coronavirus outbreak in Victoria to have major impact...
AUDNZD’s Rally on Yield Differential Looks Overextended
Recent strength in Australian dollar has sent AUDNZD to the highest level in 2 years. Notwithstanding the second wave of coronavirus outbreak, and the renewed lockdown measures, in Victoria, Aussie has remained firm. While all major currencies have appreciated in...
Market Morning Briefing: EURJPY Has Fallen Sharply From 126.75
STOCKS Equities remain mixed and seem to need some fresh trigger to gain momentum and move up sharply from here. Dow continues to remain stable below 28000. A strong rise past 28200 is needed to avoid a corrective fall from...
Yen Rebound Continues While Dollar Looks Vulnerable
Yen’s rebound continues in relatively quiet trading in Asia. Risk aversion is not apparent as major indices outside of Japan are all in slight black. Instead, Yen traders could be reversing recent shorts as treasury yields pull back. Staying in...
These 4 ‘hybrid’ trades may boost your portfolio into fall
Allianz Global Investors’ Mona Mahajan sees four “hybrid” plays designed to produced profits whether the market moves higher or lower – without taking on too much risk. “It’s important for investors looking for diversification away from both sides of this...
Here’s why this recession has been different from any other
Shoppers wearing protective masks browse clothing at a store at Westfield San Francisco Centre in San Francisco, California, U.S. Michael Short | Bloomberg | Getty Images Near-record stock market levels, a booming almost bubbling housing market and robust retail spending...
USD/CAD – Canadian Dollar Gains Continue
The Canadian dollar enjoyed a sixth straight winning week, with gains of close to 1.0%. The currency is in positive territory at the start of the week. Currently, USD/CAD is trading at 1.3208, down 0.44% on the day. Manufacturing sales...
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