Markets Await RBA Decision
The Australian dollar has started the week with slight gains. Currently, the pair is trading at 0.7626, up 0.25% on the day. US Nonfarm Payrolls easily outperforms Friday’s Nonfarm payrolls was expected to be strong, and NFP delivered big, with...
The 5 U.S. states where unemployment claims have recovered the most since the start of the pandemic
For the week ending on March 21, there were around 684,000 new unemployment claims across the country, according to WalletHub. That’s down significantly from April 2020, when 6.6 million first-time claims were made in just one week. But some states...
Sterling Rises in Subdued Markets, Stocks to Extend Record Runs
Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the...
EURUSD Flickers Red below 200-day SMA
EURUSD’s correction below the 200-day simple moving average (SMA) is transmitting a growing bearish tone. The falling 50-day SMA appears to be heading for a bearish crossover of the 200-day SMA as well, which would further power the negative picture....
Dow futures jump more than 100 points after blowout jobs report
Traders on the floor of the New York Stock Exchange. Source: CNBC Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout. Futures on the Dow...
What to know about tax credits in the American Rescue Plan
kate_sept2004 | E+ | Getty Images Recovery rebate credit miodrag ignjatovic | E+ | Getty Images The recent round of relief included stimulus checks of up to $1,400 per person. But it also allows people to claim earlier rounds of...
Weekly Economic & Financial Commentary: Activity Marches Higher
Summary U.S. Review: Activity Marches Higher The improving public health position led to an easing of restrictions and pickup in activity across the country in March. Data this week show an economy set to fire on all cylinders. The daily...
Week Ahead: US Jobs Hiring Spree Suggests Reflation Trade is Back
Country US The US economy is about to run hot as a hiring spree has officially started. The dollar may have got its groove back as Treasury yields are rising again. It will take several months of massive job gains...
RBA to Stand Pat, Focus on Yield Containment as Aussie Settles Lower
The Reserve Bank of Australia meets on Tuesday for its policy meeting, with a decision expected at 05:30 GMT. No change in policy is anticipated at the April meeting despite a turbulent month for bond markets that prompted some heavy...
Week Ahead – A Battle of Yields as RBA Meets, Fed and ECB Publish Minutes
With most markets closed on Monday for the Easter celebrations, it will be a fairly muted week as there’s not a lot on the agenda that can excite markets. The Reserve Bank of Australia’s policy decision will be the main...
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