Stocks making the biggest moves midday: Visa, Nike, FedEx & more
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Visa — Shares of the payment processor fell 4.7% in midday trading after a report said the Justice Department is investigating whether business practices...
Week Ahead – European PMIs to Chart the Euro’s Course
It seems like a relatively calm week for global markets. The sole central bank meeting will be that of the Swiss National Bank, which will likely be thrilled about the recent demolition of the franc. There is also an overload...
EUR/GBP Near its Breaking Point
When the ECB met last week, Christine Lagarde and friends said that the ECB would significantly pick up the pace of bond buying under its Pandemic Emergency Purchase Program (PEPP). This week, the BOE met. Andrew Baily and his gang...
WTI Oil Outlook: Oil May Fall Further on Weakened Sentiment and Formation of Reversal Pattern
WTI oil trades within a choppy consolidation on Friday but remains biased lower following a massive losses on Thursday, when the price fell by 7.6%, making the biggest one day drop since 21 Apr 2020. A new wave of coronavirus...
The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels
The Federal Reserve on Friday declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings, in a move that could upset Wall Street and the bond market. In a...
Dollar and Yen Firm as Investors Stay Cautious
Dollar is generally firmer as markets enter into US session. Futures point to a flat open, but investors are clearly on guard of selloff before the weekend. Cautiousness is keeping Yen afloat too, even though Swiss Franc is lagging behind....
USD Index Outlook: Dollar Firms as Upbeat Growth Expectation Improve the Sentiment Despite Fed’s Dovish Stance
The dollar kept firm tone against the basket of major currencies on Friday, following previous day’s rebound that almost fully reversed Wednesday’s post-Fed fall. Investors digested Fed’s dovish stance on decision to keep ultra-low rates but central bank’s pledge to...
Oil Price Broke The $64.00 Support Zone To Move Into A Bearish Zone
Crude oil price started a sharp downside correction after it failed to settle above $65.00 against the US Dollar. The price broke the $64.00 support zone to move into a bearish zone. The price declined heavily below $62.50 and settled...
USDCAD’s Bounce Looks Frail As Bearish Bias Overpowers
USDCAD’s recent positive impetus off a multi-year low has been muted by the Ichimoku lines, while the capping 50-day simple moving average (SMA) and the lingering Ichimoku cloud overhead have once again guided the pair downwards. The Ichimoku lines are...
USDCAD 1.2500 Major Resistance
The US dollar has recovered sharply higher against the Canadian dollar after oil price crashed by nearly ten percent from the weekly highs. The USDCAD pair has moved back towards the 1.2500 resistance level, although bulls are struggling to move...
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