Stocks making the biggest moves midday: Ulta, Alibaba, Netflix & more
The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters Here are the stocks making headlines in midday trading. Ulta Beauty...
Forward Guidance: Vaccine Developments Bring Forward Recovery Hopes and Inflation Fears
After falling behind peers, vaccine delivery in Canada is anticipated to ramp up significantly over the coming months. Canada is now expecting around 8 million doses by the end of March, and as many as 36.4 million doses by the...
Canadian Employment Data Beats HUGELY
After the less dovish Bank of Canada meeting on Wednesday in which Tiff Macklem said that the outlook on Q1 GDP will be revised higher, the Canadian employment data helped to provide further evidence of the central bank’s outlook. The...
Canadian Dollar Jumps on Strong Job Data, Dollar Rebounds With Yields
Dollar rebounds broadly again today as markets are unsettled by renewed strength in treasury yield. At the time of writing, US 10-year yield is back pressing 1.6 handle. DOW future is trading mildly higher, but NASDAQ futures is down -1.3%....
AUDJPY Hits Three-Year High as Uptrend Continues
AUDJPY keeps roaring higher, hovering near the three-year high of 84.95 that was reached last month. The price structure of higher peaks and higher troughs remains uninterrupted, while the pair is also trading above all its simple moving averages (SMAs),...
Stocks making the biggest moves premarket: Ulta, Poshmark, Novavax and others
Check out the companies making headlines before the bell: Ulta Beauty (ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of...
GBP/USD Outlook: Cable Dips After Repeated Rejection At Psychological 1.40 Barrier
Cable fell one full figure in European trading on Friday, following repeated rejection at psychological 1.40 barrier, deflated by stronger dollar on rise of US yields, with UK economy’s contraction in January (although less then expected) contributed to pound’s fresh...
GBPUSD Tumbles Around 1.39 And Below 100-Period SMA
GBPUSD has come under renewed selling interest today around 1.3900, diving below the 100-period simple moving average (SMA) in the 4-hour chart. The price is hovering in the Ichimoku cloud and the technical indicators are suggesting a downside movement. The...
AUD/JPY Is Setting Up For A Retracement
The AUD/JPY is in uptrend but the point 2 of retracement showed a nice move down. We could assume that we might see a further drop. The POC zone 84.30-84.60 is the point 3 where we might see a move...
EUR/NZD Bullish Reversal After Bounce At Key -27.2% Fib Target
EUR/NZD has made a bullish bounce at the -27.2% Fibonacci target. Is this pair ready for a larger reversal after its 3,500 pip decline? The EUR/NZD downtrend is not officially over yet. But there is a fair chance that a...