The US Dollar Pushes Higher Again
US dollar gains on US yields, inflation fears The dollar index pushed higher again overnight, rising 0.37% to 92.31. Rising US yields, structurally short positioning and a myopic fixation on growth-driven inflation continue to lift the greenback, notably versus G-7...
Sterling Strengthening While Yen Selloff Continues
Dollar retreats mildly in Asian session today as overall market sentiments improved some what. Major Asian indices, except China, recovered notably, following DOW’s rally. But weakness in US tech is keeping upside capped. Selloff in Yen and Swiss Franc, and...
‘Significant long-term scarring’ in services will limit pent-up consumer demand and suppress inflation, economist Stephen Roach predicts
Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing...
Stocks making the biggest moves midday: Apollo, GE, GameStop and more
Here are the stocks making headlines in midday trading. Apollo Global Management – Shares of the private equity firm gave back earlier gains and declined more than 4% after the company announced that it will merge with Athene Holding in...
Goldman Sachs forecasts a jobs boom, says unemployment rate could fall to 4.1% by the end of 2021
Unemployment could fall this year to close to where it was prior to the Covid-19 pandemic, according to a Goldman Sachs forecast that sees a hiring boom ahead. The firm projects an unemployment rate of 4.1% that could be even...
AUDUSD’s Downside Risks Persist as Descent Stalls
AUDUSD’s intact negative trajectory, from a 3-year high reached at the end of February, has paused around the area between the latest lows of 0.7621 and 0.7635 respectively. The falling red Tenkan-sen line is assisting the price dive beneath the...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
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