Dollar Retreats after Jobless Claims, Sluggish Pre-Holiday Trading Elsewhere
Dollar retreats mildly in early US session after weaker than expected job data. Also, treasury yield is retreating mildly while stocks point to higher open, in particular NASDAQ. Pre-holiday trading in the currency markets is generally mixed. Aussie tumbled earlier...
China’s central bank warns of financial risks, including potential defaults
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank warned on Thursday of financial risks in the country that...
Weekly jobless claims higher than expected despite signs of labor market improvement
First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line, the Labor Department reported Thursday. The total compared with the 675,000 estimate from Dow Jones and was above last week’s...
Stocks making the biggest moves in the premarket: J&J, Emergent BioSolutions, Micron Technology & more
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – J&J said a batch of its Covid-19 vaccine that came from a Baltimore factory did not meet quality standards and will not be...
AUD/USD Outlook: Aussie Falls Further On Disappointing Data, Expectations For Dovish RBA
The Australian dollar was among the top losers of the Asian session on Thursday, as bears extended to new 3 –1/2 month low (0.7531). Disappointing economic data, released overnight, added to negative sentiment, boosted by expectations that the RBA will...
Dollar Could Hold Strong Again Today
Markets Biden’s leaked $2.25tn stimulus plan supported risk sentiment on US markets yesterday. Despite ambitions to fully fund the proposal by raising corporate taxes, WS finished a tech-lead rally up to 1.5% (Nasdaq) higher. Some end-of-month rebalancing from surging value...
Aussie Tumbles in Pre-Holiday Markets, Dollar Awaits ISM
Dollar is generally firm today while selling focus turned to Australian Dollar, and other commodity currencies. It’s unsure what’s the exact catalyst for the selloff in Aussie. But recent pull back in copper price is likely one of the reasons...
Market Morning Briefing: Aussie Looks Stable
STOCKS Dow is struggling to get a strong follow-through rise above 33000 and looks vulnerable for a fall from here itself without seeing an extended rise. It will have to be seen how the market reacts to the proposed increase...
Lean into value names and trim tech positions as second quarter kicks off, Wilmington Trust says
Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the...
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