American Express shares dip on report that federal investigators are probing sales practices
Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much...
Palihapitiya says money in savings will be ‘rocket fuel’ for assets like housing and stocks
Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Consumers have been sitting at home for months and months, and without typical things to spend money on, assets...
USDCHF’s Improvement Curbed by Cloud and 100-Period MA
USDCHF remains negatively skewed on the four-our chart as the 100-period simple moving averages (SMAs) and the Ichimoku cloud capped the pair’s recent bounce from a formed almost 6-year bottom of 0.8757. The Ichimoku lines have become fairly stagnant, promoting...
NFP Preview: The Night is Darkest Just Before the Dawn
In the wake of one of the more tumultuous and depressing years (culminating in one of the most embarrassing days) in recent US history, Americans could desperately use a dose of good news. Unfortunately tomorrow’s highly-anticipated Non-Farm Payrolls report is...
Weekly jobless claims little changed despite signs that hiring is slowing
First-time filings for unemployment insurance were little changed over the past week despite other indicators that the labor market weakened at the end of the 2020. Weekly claims totaled 787,000 for the week ended Jan. 2, the Labor Department reported...
Dollar Recovering But No Follow Through Buying Seen Yet
Dollar extends recovery in European but there appears to be no follow through buying so far. It remains one of the weakest for the week, together with Yen and Sterling. Australian and New Zealand Dollars are paring some of this...
US Market Open: Flat Start as Democrats Take Control of Congress
Tumultuous scenes in Washington have dominated headlines, as protestors stormed the US Capitol building during the confirmation of Joe Biden’s election win. Markets are looking beyond the events and are focused on what a Democrat-controlled Congress will mean once Joe...
XAU/USD Trades Below 1,930.00
Yesterday, the XAU/USD exchange rate tumbled to the 1,905.00 mark. From the one hand, it is likely that yellow metal could gain support from the 200-hour moving average near 1,904.00 and extend gains against the US Dollar in the short...
Dollar Down Trend Continues as DOW Hit Record, Yen Weaker on Yields
Dollar is recovering mildly today but remains one of the weakest for the week, together with Yen and Sterling. Solid risk appetite, with DOW closing strongly at new record overnight, is keeping the greenback and Yen pressured. Yen appears to...
Stock futures rise, adding to Wednesday’s gains, despite turmoil at U.S. Capitol
U.S. stock futures rose in overnight trading on Wednesday as investors digested the likely event of a Democratic held Congress and continued to look past riots at the U.S. Capitol. Dow Jones Industrial average futures rose 125 points. S&P 500...