Dollar Pare Gains in Quiet Ranging Markets, Euro Stays Strongest
The forex markets are very quiet today, with most major pairs and crosses staying inside yesterday’s range. Dollar is paring some post FOMC minutes gains, while Sterling is also soft. On the other hand, Australian and New Zealand Dollar are...
European Open: Japan’s Exports Rise To 11Yr High, Futures Point To Firmer Open
Whilst Japan’s rising exports are good for domestic growth (after GDP contracted in Q1) it also points to increased global demand. Asian Indices: Australia’s ASX 200 index rose by 84 points (1.21%) and currently trades at 7,015.70 Japan’s Nikkei 225...
Dollar Recovers after FOMC Minutes, But No Technical Levels Broken Yet
Dollar recovered overnight, with help from mild risk aversion and some slight hawkish twists in FOMC minutes. Yet, it couldn’t manage to break through any near term technical level yet. Euro remains the strongest one for the week at this...
Market Morning Briefing: Pound Has Come Down And A Break Below 1.41
STOCKS Dow has recovered sharply after testing 33500 yesterday. The expected range of 33500-35000 remains intact for now. DAX has declined below 15200 and can test 14800 now. The rise to 15700-15800 that we were expecting is not happening now....
FOMC Minutes Revealed that Some Members Raised Discussion over QE Tapering
The minutes for the FOMC meeting in April revealed that policymakers discussed about QE tapering. This came in as a surprise to the market, sending USD higher and Treasury lower. Both the policy statement and the press conference of the...
Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could cause inflation to rise quicker in the U.S., a business consultant said Wednesday. Japan, South Korea, Taiwan and Vietnam are...
Homebuyers are applying for ever bigger mortgages as home prices soar
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images...
Stocks making the biggest moves after hours: Cisco, L Brands, Synopsys & more
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped...
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to...
Another Bounce in Eurozone PMIs Could Further Fuel Euro Rally
After long winter shutdowns, virus-stricken Eurozone countries are finally emerging out of lockdown and the vaccination drive is accelerating. The further lifting of virus restrictions in May likely boosted economic activity across the region and this is expected to be...
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