Jamie Dimon says `justice was served’ after Derek Chauvin found guilty for murder of George Floyd
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served”...
GBPJPY Rests on 50-MA Within a Trading Range
GBPJPY is edging across the 50-period simple moving average (SMA) and price action appears to have become confined to the vicinity between the 50- and 200-period SMAs. All SMAs have adopted a horizontal demeanour and are endorsing the neutral price...
AUD Higher as Retail Sales Outperforms
The Australian dollar has posted gains in North American trading. AUD/USD is currently trading at 0.7754, up 0.34% on the day. On Tuesday, the pair pushed above the 0.7800 level for the first time since March 18th, but was unable to...
Dollar and Yen Fail to Extend Rebound in Mixed Markets
The financial markets are trading in mixed mode today. European stock indices are mixed while US futures point to slightly lower open. Sentiments are slightly on the risk-off side on coronavirus concerns, but selloff is so far relatively shallow. There...
U.S. inflation could hit 3% or 4% by the middle of 2022, veteran strategist warns
More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6% in March...
GOLD Tests Resistance Zone
As forecast, the yellow metal’s price has once again approached and tested the resistance of the 1,790.00 level. Namely, the price bounced off the resistance even before it approached it. During the early hours of Wednesday’s trading, the price had...
Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low
A “For Sale” sign outside a house in Palm Beach, Florida, on Wednesday, April 7, 2021. Marco Bello | Bloomberg | Getty Images A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their mortgage lenders. Total...
Biden’s economic plans will help the U.S. compete with China, says former Treasury secretary
President Joe Biden’s plans to bolster the U.S. economy will help the country compete with China’s massive Belt and Road Initiative, former Treasury Secretary Jacob Lew said on Wednesday. The Belt and Road Initiative is China’s ambitious program to build physical...
Will The Dollar Be Able To Capitalize On Safe Haven Flows?
Markets Monday’s tentative equity correction gradually deepened yesterday. Persistently high infection levels, especially in non-developed countries (India) reminded investors that the consequences of the pandemic won’t disappear at once even as the vaccinations are further rolled out. Some ‘simple’ profit-taking...
Yen Rebounds as Risk Markets Correct, Canadian Dollar Weak Ahead of BoC
Yen rebounds notably overnight, following the pull back in stocks. Market sentiment was weighed down by renewed concerns over coronavirus infections, which also dragged down oil prices. Dollar also followed and recovered. On the other hand, commodity currencies reversed their...