Coronavirus: Italy’s banks and SMEs face crisis if shutdown persists
Duomo square, Milan, on Wednesday: devoid of the usual throng of people on the second day of a lockdown across Italy Italy could provide a showcase for what is to come elsewhere in Europe as businesses are hit by the...
Dollar Broadly Sold Off as Markets in Full Risk-On Mode
Global stocks surge sharply as investors seem to be very optimistic on the result out of US elections. Major European indices are currently up around 2% while DOW future is up 400 pts. Dollar is sold off sharply, together with...
End of $600 unemployment boost pushes more households to the edge
People wait in line at a food bank in Brooklyn, New York, on April 28, 2020. Spencer Platt | Getty Images News | Getty Images The end of a $600 weekly boost to unemployment benefits over the summer is rapidly...
Dollar Index Slumps From One-Month High, Tests Key Support Area
The US dollar index (December futures) sharpened its pullback from a one-month high of 94.28 on Tuesday, landing near the 20-period exponential moving average (EMA) in the four-hour chart. The 50% Fibonacci of the 94.77 – 92.43 downleg and the...
EUR/GBP 4H Chart: Decline Likely To Continue
The Eurozone single currency has declined by 1.68% against the British Pound since October 21. The currency pair breached the 0.9000 level during yesterday’s trading session. All things being equal, the EUR/GBP exchange rate could continue to edge lower during...
Dollar Slips, Stocks Rally As World Awaits Next US President
Few signs of market jitters on Election Day despite uncertainty about outcome Strong manufacturing data help ease virus fears, stocks bounce back Dollar retreats from highs, aussie shrugs off rate cut to turn higher Biden still in the lead, Trump...
RBA Cuts Rates and Increases QE Purchases for at Least 6 More Months
As expected, RBA announced further monetary easing at today’s meeting. RBA cut the cash rate to 0.1%, from 0.25% previously. Similarly, the target for the yield on the 3-year government bond yield and the interest rate on new drawings under...
Australian Dollar Weakens after RBA Rate Cut, Canadian Rebounds with Oil Price
Asian Markets rebound notably today, following the strong close in US overnight. Canadian Dollar staged a U-turn, following the path of oil price. Australian Dollar is trading generally lower today following RBA’s easing announcement. Yet, downside is relatively limited, expect...
Stocks making the biggest moves midday: Clorox, Under Armour, Lemonade, Dunkin’ Brands & more
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines midday Monday: SolarEdge Technologies – Shares of the solar-equipment maker jumped more than...
USD/CAD Falls on Strong Canada Mfg. PMI
The Canadian dollar has kicked off the week with gains. In Monday’s North American session, USD/CAD is trading at 1.3270, down 0.34% on the day. It was a rough week for the Canadian dollar, which fell 1.48%, its worst weekly...
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