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Day: November 17, 2020

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 rallied nearly 10% after S&P Dow Jones Indices said it would add the electric car …

Stocks making the biggest moves midday: Tesla, Walgreens, DraftKings, Square and moreRead More

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 at least two vaccines becoming available in the coming months, Bostic said there are multiple …

Bostic says Fed’s tools still have ‘juice’ and will be used if the economy slowsRead More

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 rally in European majors and Yen. But for now, the greenback is still holding above …

Dollar Recovering as Stocks Digest Gains, But European Majors StrongerRead More

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 month. From a technical point of view, on a daily chart, EUR/USD still stands above …

EUR/USD Is Still Up Ahead Of U.S. Retail SalesRead More