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Day: April 27, 2021

Americans support Biden’s spending and want him to spend more, polls show

President Joe Biden delivers remarks on the administration’s coronavirus disease (COVID-19) response outside the White House in Washington, U.S., April 27, 2021. Kevin Lemarque | Reuters Americans broadly back the big-ticket spending proposals that have defined President Joe Biden’s first 100 days in office, a variety of recent polls show. Surveys show many more Americans …

Americans support Biden’s spending and want him to spend more, polls showRead More

Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair

US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Federal Reserve Chairman Jerome Powell is a heavy favorite on Wall Street to be renominated for a second term by President …

Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chairRead More

USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains Negative

Turkish lira rebounded from new one-month (8.4340) posted on Monday, as traders collected profits after the last week’s advance showed signs of stall on approach to Mar 30 /22 lower tops (8.4443 / 8.5015). Despite fresh strength, overall lira’s picture remains negative due to latest political tensions with the USA and pending interest rate cuts …

USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains NegativeRead More

USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains Negative

Turkish lira rebounded from new one-month (8.4340) posted on Monday, as traders collected profits after the last week’s advance showed signs of stall on approach to Mar 30 /22 lower tops (8.4443 / 8.5015). Despite fresh strength, overall lira’s picture remains negative due to latest political tensions with the USA and pending interest rate cuts …

USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains NegativeRead More

FOMC Policy Meeting: Policymakers May Keep Their Cards Close to Their Chest

The Fed’s policymaking arm will conclude its two-day policy review on Wednesday, with the announcement and the press conference expected to hit the headlines at 18:00 GMT and 18:30 GMT respectively. There are rumours that bond tapering talks may wrap up, but board members will probably keep the cards close to their chest and maintain …

FOMC Policy Meeting: Policymakers May Keep Their Cards Close to Their ChestRead More

The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey says

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve will remain on hold for the rest of this year despite an increasing belief on Wall Street that policymakers should …

The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey saysRead More

February home prices see the biggest gain in 15 years, S&P Case-Shiller says

A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images Home price gains continue to outpace expectations, as tight supply and strong demand lead to bidding wars. Nationally, prices in February rose 12% year over year, up from 11.2% in January, according to …

February home prices see the biggest gain in 15 years, S&P Case-Shiller saysRead More

Stocks making the biggest moves in the premarket: UPS, Crocs, Eli Lilly, GE, Hasbro & more

Take a look at some of the biggest movers in the premarket: United Parcel Service (UPS) – UPS earned $2.77 per share for the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14% …

Stocks making the biggest moves in the premarket: UPS, Crocs, Eli Lilly, GE, Hasbro & moreRead More

GBPUSD Stagnant Around 50-Day SMA, Optimism Lingers

GBPUSD is flirting with the 1.3869 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 1.2674 until the 34-month high of 1.4236, after the price pullback found some footing off the 100-day simple moving average (SMA). The bullish SMAs are shielding the positive structure, while the slowed incline of the …

GBPUSD Stagnant Around 50-Day SMA, Optimism LingersRead More

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