Stocks making the biggest moves midday: Tesla, Walgreens, DraftKings, Square and more
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares...
Vaccine Optimism Fades Quickly
There’s been plenty to celebrate recently and the stock markets are evidence of this but once again we’re seeing them run out of steam as the Moderna announcement quickly wears off. Not that this is anything to do with the...
Bostic says Fed’s tools still have ‘juice’ and will be used if the economy slows
Atlanta Federal Reserve President Raphael Bostic said the central bank is prepared to step in with more policy help if needed to help businesses and people get through what could be some tough months ahead. Even with the prospects of...
Dollar Recovering as Stocks Digest Gains, But European Majors Stronger
Global stock markets are paring some of yesterday’s strong gain, together with slight pull back in oil price. The development translates into mild weakness in commodity currencies. Yet Dollar is not gaining much for now, as it’s overshadowed by the...
XAU/USD Remains Below 200-Hour SMA
Yesterday, the XAU/USD exchange rate touched the 1,870.00 level. During Tuesday morning, the rate was trading at 1,900.00. From the one hand, it is likely that yellow metal could gain support from the 55– and 200-hour moving averages in the...
USD/JPY Could Decline In Short Run
On Monday, the USD/JPY currency pair reversed south from the Fibo 23.60% at 105.03. During today’s morning, the pair declined below 104.40. It is likely that the exchange rate could decline in the nearest future as it is pressured by...
EUR/USD Is Still Up Ahead Of U.S. Retail Sales
Later today on the economic front, the U.S. Commerce Department will report October retail sales, expected at +0.5% on month, and September business inventories (+0.6% on month expected). The Federal Reserve will release October industrial production, expected at +1.0% on...
No Range Breakout in Dollar Yet Despite Vaccine Optimism
Vaccine optimism pushed DOW to new record high overnight and positive sentiment continues in Asian session. Dollar, Yen and Swiss Franc are the weaker ones, while commodity currencies are strongest. Though, major pairs and crosses are generally bounded inside last...
RBA Minutes Affirm that Future Monetary Policy will Rely on QE
The RBA minutes for the November contained little news. After cutting the policy to a new low of 0.1%, policymakers suggested the policy tool in the future will mainly be asset purchases. While the members remained reluctant to lower interest...
U.S. companies with China operations look to the Asian giant for growth
Aerial view of Alibaba Shanghai R&D Center, ZJ Science City, IBM and Microsoft at AIsland on August 6, 2020 in Shanghai, China. Shen Chunchen | Visual China Group | Getty Images BEIJING — For some American businesses, having an office...