Euro and Franc Strong in Mixed Markets, Dollar Await FOMC Minutes
Euro and Swiss Franc are currently the strongest ones for the week, but overall markets are relatively mixed. The rise in Euro owes a large part to Sterling’s pull back, as well as Dollar’s weakness for now. While overall risk...
Market Morning Briefing: Dollar-Yen Has Been Dragged Down By Weakness In The Dollar
STOCKS Resistance at 33550 on the Dow is holding in line with our expectation. A break below 33000 can trigger the expected corrective fall. DAX has room to test 15500-15700 on the upside before witnessing a sharp reversal. Nikkei can...
24% of unemployed workers have been jobless for over a year
The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in Arlington, Virginia. Liu Jie/Xinhua via Getty Images ‘Breathtaking’ In all, those long-term unemployed represented 24% of the 9.9 million total...
Stocks making the biggest moves after the bell: Qiagen, Li Auto & more
An employee of a testing company Qiagen holds a test kit at Qiagen’s facility, in Hilden, Germany, September 8, 2020. Leon Kuegeler | Reuters Check out the companies making headlines after the bell on Tuesday: Qiagen – Qiagen shares ticked...
Gold Resumes Recovery, Double-Bottom Underpins
Spot gold rose to the highest in more than one week on Tuesday, resuming recovery leg from $1677 (Mar 31 low) after bulls took a breather on Monday. Fresh weakness of the dollar and US Treasury yields revived metal’s appeal...
Ivey PMI Could Boost Canadian Dollar
The Canadian dollar has reversed directions on Tuesday and posted slight losses. Currently, USD/CAD is trading at 1.2549, up 0.25% on the day. Canada Ivey PMI expected to climb The Ivey PMI rebounded in impressive form in February, rising to...
Sterling Paring Recent Gains, Euro and Swiss Firmer
Positive sentiment sent German DAX to new record high today, while US futures point to a firm open. Investors are becoming more optimistic on the upcoming recovery, as seen in Eurozone Sentix data. IMF also raised growth forecast of the...
Recovery Optimism Sends Dax to Record High
Dax, FTSE gain ground European stocks are bounding higher on Tuesday, rallying to record levels on signs of economic recovery, even as the region battles with its third wave of Covid and attempts to ramp up its vaccine programme. News...
S&P 500 Outlook: Consolidating Under New Record High
The S&P index is consolidating under new record high, posted after 1% rally on Monday, sparked by upbeat US data. A survey showed a measure of US services industry activity jumped to a record high in March after last week’s...
RBA Hints to Expand QE In Order to Boost Job and Inflation
The RBA left all its monetary policy measures unchanged in April. The cash rate target stays at 0.1%. correspondingly, the 3-year Australian Government Bond yield target (yield curve control) and the Term Funding Facility (TFF) interest rate also remain at...
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