Stock futures are flat in overnight trading after Dow closes above 34,000 for the first time
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were little changed in overnight trading on Thursday after the Dow Jones Industrial Average crossed the 34,000 threshold for the first time ever. Futures on the...
EURUSD Advances Freeze ahead of 1.2000 Mark
EURUSD has significantly improved extending above the simple moving averages (SMAs), yet it has come just short of the 1.2000 psychological number. The near-term rally, which found footing at the five-month low of 1.1703 has now retreated from the durable...
Swiss Franc at 6-Week High, PPI Next
The Swiss franc is drifting in the Thursday session. Currently, USD/CHF is trading at 0.9226, up 0.08% on the day. Swiss franc continues to swell Despite the best efforts of the Swiss National Bank (SNB), the Swiss franc continues to attract...
China Set to Post Record Q1 GDP Growth, But Bounce May be Short-Lived
China was the only major economy in 2020 that managed to grow for the full year, proving that it’s possible to leave the pandemic wreckage behind. The pace of the recovery is expected to have accelerated in the first quarter...
Strong US Data Boosts Futures, But Dollar Has Little Reaction
A batch of very strong US economic data shoots DOW futures sharply higher ahead of open. Retreat in 10-year yield is also helping sentiments mildly. But Dollar is having little reaction so far, except recovery mildly against Euro and Swiss...
US Dollar Index Outlook: Dollar Index Falls To One-Month Low But Bears May Take A Breather
The dollar holds in red against its major counterparts for almost two weeks and hit one-month low on Thursday. Falling US Treasury yields and signals that the US central bank will keep ultra-low interest for some time, despite recent strong...
The economy is running on a stimulus-fueled caffeine high. What will happen when it wears off?
Construction worker make infrastructure repairs on the intersection of Church Avenue and Coney Island Avenue in the Flatbush neighborhood of Brooklyn borough on April 06, 2021 in New York City. Michael M. Santiago | Getty Images The setting for 2021...
Online bank N26 jumps into insurance, taking on giants like Allianz
German online bank N26 has launched an insurance service. N26 LONDON — German digital bank N26 is getting into insurance. The Berlin-based fintech said Thursday that it’s launching insurance policies for smartphones in partnership with local start-up Simplesurance. Plans start...
Dollar Taking a Breather as EUR/USD Presses Near Term Resistance
The forex markets turned mixed in Asian session. Dollar is taking a breather after yesterday’s selloff, but remains the worst performing one for the week. Australian Dollar retreats mildly after strong employment data. But the Aussie is still the second...
Market Morning Briefing: Aussie Has Bounced Well As 0.7580 Holds Good
STOCKS Equities remain mixed. Dow is stuck in between 33500 and 34000 while DAX between 15100 and 15300. They will have to break above 34000 (Dow) and 15300 (DAX) to move up further. Else a fall can be seen from...
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