Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’
Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.” Noting progress made in job creation, goods consumption and business formation, among...
Stocks making the biggest moves midday: Boeing, SeaWorld, Sonos, Costco and more
Trainers have Orca killer whales perform for the crowd during a show at the animal theme park SeaWorld in San Diego. (File photo). Mike Blake | Reuters Check out the companies making headlines in midday trading. SeaWorld Entertainment — SeaWorld...
EURCHF Maintains Sideways Structure; Bounces on 100-day SMA
EURCHF continues to cycle around the 50.0% Fibonacci retracement of the down leg from 1.1058 to 1.0504, extending its horizontal pattern that has held since the late part of July. The short-term oscillators reflect evaporated directional momentum, and thus have...
USD/CAD Flat after Trade Balance Releases
The Canadian dollar is almost unchanged on Tuesday, after starting the week with gains. USD/CAD is trading at 1.3260, up 0.04% on the day. On the fundamental front, both Canada and the US released their respective trade balances for August....
Watch Fed Chair Jerome Powell talk rates, the economy and pandemic stimulus live
[The stream is slated to start at 10:40 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his latest views on the economy Tuesday morning to...
GBP/USD Outlook: Bulls Face Strong Headwinds at Pivotal 1.30 Resistance Zone, Keeping the Downside at Risk
Cable fell to session low (1.2915) as bulls lost traction after probing through 1.30 barrier for the first time since 16 Sep. Pound was hit by remarks from PM Johnson’s virtual Tory conference on Tuesday. Johnson said that Britain lost...
Four Weeks Out: The State of the 2020 US Presidential Race and Market Implications
It’s been more than three months since our last “State of the 2020 US President Race” report, and while we’ve seen countless massive storylines (ongoing protests across the country, another 100k Americans dying from COVID-19, the biggest quarterly decline in...
Sterling and Aussie Turn Weaker, Dollar and Euro Mixed
Sterling is currently the worst performing one today so far, on the never-ending concerns of coronavirus infections and no-deal Brexit risk. Australian Dollar is closely following as second weakest after RBA indicated more easing ahead to support employment. On the...
Investment opportunities, not drawdowns, are the biggest challenge for sovereign funds
One of the curiosities of the Covid-19 pandemic, and the economic carnage it has wrought, is that it has not prompted countries to draw down on the funds they have built to provide resilience at moments exactly like these. The...
RBA Left Rates Unchanged at 0.25%. Hinted to Add Stimulus to Support Job Market
As widely anticipated, RBA left the cash rate unchanged at 0.25% at the October meeting. The yield curve control target also stays at 0.25%. This is the 7th consecutive month that the central bank has kept the monetary policy unchanged....