U.S. stock futures open flat after Monday’s tech-powered rally
Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020. Johannes Eisele | AFP via Getty Images U.S. stock futures traded along the flatline on Monday night after the major averages logged in...
The record-setting jobs comeback looks like it could be coming to an abrupt halt
An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York. Al Bello | Getty Images Record-breaking job creation in May and June appear to be giving way to a more subdued...
Macaskill on markets: Commodity boom could clash with ESG push
Goldman Sachs was keen to highlight the contribution made by commodities to its robust recent second-quarter results. “Strong trading performance was aided by high volumes and volatility across all of our businesses, including oil, natural gas and metals,” chief financial...
The Future of the US Dollar After the 2020 Election
Tuesday, Nov. 3, 2020 marks one of the more memorable Election Day contests in U.S. history. Featuring an outspoken incumbent POTUS, a former Vice President, and an unprecedented series of geopolitical and social events, Election Day 2020 will have a...
Economy faces a bumpy ride as it enters healing phase, economist Michelle Meyer says
The economy faces a bumpy ride as it tries to heal from the shock of the coronavirus recession, according to Michelle Meyer, head of U.S. economics at Bank of America. In a CNBC interview, Meyer said the U.S. economy has...
Dollar Extending Recovery, Turning Around the Corner
Dollar starts the month with a much firmer footing, trading broadly higher as the strongest one so far. The rally is particular against Swiss Franc, which is currently the weakest one. Yet the greenback will firstly need to overcome some...
Oil Fixed Between $43-44
Early in August, Brent is slightly correcting downwards ad trading at $43.37. While the news flow is quite calm, investors continue monitoring supply and demand in the oil sector, and frankly, they don’t like what the see. A new stage...
AUD/USD Stalls – Is the Rally Near an End?
The Australian dollar has been one of the surprise stars in the markets in 2020, in a year in which a global pandemic has shaken up financial markets to the core. AUD/USD has been on a hot streak, racking up...
US Futures Slightly Up – Watch MSFT, MPC, GOOGL, MRK, YUM
Futures remain on the upside after they closed higher on Friday. Apple (AAPL +10.47%) gapped up to close at an all-time high of $425.04 after reporting better-than-expected earnings.Later today, July ISM Manufacturing Index (53.5 expected) and June Construction Spending (+1.0%...
Gold Price In A Strong Bullish Path Above The $1,980 Level
Gold price followed a strong bullish path above the $1,950 level against the US Dollar. The price even surged above $1,960 and traded to a new all-time high above the $1,980 level. The price is currently consolidating gains above the...
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