Stocks making the biggest moves midday: Tesla, Twilio, Peloton & more
Check out the companies making headlines in midday trading. Twilio — shares of the cloud services company jumped 12% to a new all-time high after Twilio raised its forecast for third quarter revenue. The company said it is benefitting from...
Forward Guidance: Canada’s Labour Market Recovery Continues, Albeit at a Slower Pace
We expect next week’s Canadian labour report to show a 200k increase in employment – the smallest gain in 5 months. Still, the increase will bring the cumulative job recovery to 2.1 million, or 70% of the 3 million jobs...
RBA to Hold off on Rate Cut for Now but Could Flag Future Move
The Reserve Bank of Australia meets on Tuesday for its latest policy decision, with an announcement expected at 03:30 GMT. Having clearly signalled at its previous meeting that the Bank is planning to stay on hold for the foreseeable future,...
Airlines, cruise lines fall as Trump diagnosis raises fears of second wave, slower reopening
U.S. President Donald Trump approaches reporters as he departs on campaign travel to Minnesota from the South Lawn at the White House in Washington, September 30, 2020. Carlos Barria | Reuters Shares of companies tied closely to the economy reopening...
Mixed NFP Data Overshadowed by Trump’s Coronavirus Infection, Yen Staying Strong
Global markets are clearly staying in risk-off mode before weekly close. Mixed US job data was largely ignored. Eyes are staying on the development regarding US President Donald Trump’s coronavirus infections, and the impact on the Presidential election which is...
Stocks making the biggest moves in the premarket: Walmart, Uber, Amazon, Shake Shack & more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retailer announced the sale of its British supermarket chain Asda for $8.8 billion. The buying group consists of private equity firm TDR Capital and...
AUD/USD Dips After Retail Sales Slide
The Australian dollar’s rally has hit the pause button on Friday, after a disappointing release from Retail Sales. In Friday’s European session, the pair is trading at 0.7150, down 0.45% on the day. All eyes are on US Nonfarm Payrolls,...
Number of mortgages in coronavirus bailout program jumps 21,000 after declining for six straight weeks
Homes in the North Park neighborhood of San Diego, California, U.S., on Wednesday, Sept. 2, 2020. U.S. sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real...
EUR/TRY 4H Chart: Ascending Channel In Sight
The EUR/TRY currency pair has been trading upwards within an ascending channel since the beginning of August. From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the predetermined channel in...
XAU/USD Analysis: Tests Monthly PP
Since Thursday, the XAU/USD exchange rate has been trying to exceed the monthly PP at 1,909.25. Given that the yellow metal is supported by the 55–, 100– and 200-hour moving averages in the 1,884.00/1,897.00 area, it is likely that some...
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