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,...
Swiss Franc Mildly Firmer in Subdued Trading
Trading in the financial markets is rather subdued today. Swiss Franc is the stronger one at the time of writing, followed by Dollar and Sterling. Commodity currencies, on the other hand, turn softer with Australian Dollar leading the retreat. But...
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...
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...
Dollar Pares Losses, Stocks Muted In Wait For Fed, Earnings
Firmer Treasury yields help dollar steady as traders look to Fed for the next cue US consumer confidence data, Treasury auction eyed as inflation worries persist Another record on Wall Street as earnings season heats up but overall mood subdued...
BOJ Downgrades Inflation Forecasts Significantly as It Struggles with Limited Tools
The BOJ left its monetary policy measures unchanged in April. However, it revised sharply lower the inflation forecasts for this fiscal year. The country’s economy has been far below the +2% inflation despite a decade’s unconventional easing measures. On the...
Canadian Dollar Jumps While Dollar Recovers, Yen Shrugs BoJ
While NASDAQ and S&P 500 closed at new records overnight, there is no follow through risk-on buying in Asian session. Investors are generally still cautious ahead of Fed meeting. Dollar recovers in general but upside momentum is very weak. Canadian...
Stock futures are flat after S&P 500 and Nasdaq close at record highs
Traders on the New York Stock Exchange. Source: NYSE Stock futures held steady in overnight trading on Monday as investors braced for another batch of corporate earnings. Futures on the Dow Jones Industrial Average and S&P 500 futures were little...
AUDUSD Maintains Green Glow; Bulls Remain in Control
AUDUSD came just shy of the 0.7815 high achieved on April 20, after the pair found positive traction within the support zone of 0.7676-0.7700. The climbing 50- and 100-period simple moving averages (SMAs) on the four-hour chart are endorsing the price...
UK Realized Sales Could Turn Positive
The British pound has posted slight gains at the start of the week. In the North American session, GDP/USD is trading at 1.3894, up 0.14% on the day. The pound punched above the symbolic 1.40 level last week and appeared...