Stock futures are flat after a solid start to May
Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed. S&P...
Fed’s Barkin sees higher inflation this year, but then a reversal in 2022
Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022. “I think we will see price pressure this year. You’ve got a very strong demand...
Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett is seeing inflation among Berkshire Hathaway’s collection of businesses as the economic recovery from the Covid pandemic kicks into high...
WTI Oil: Renewed Optimism Over Global Demand Recovery Lifts Oil Price Towards Multi-Week Highs
WTI oil rose on Monday, retracing the largest part of Friday’s fall and shifting near-term focus higher again, after bulls were impacted by rising demand fears over surge in India’s coronavirus cases and higher oil supply. Fresh optimism over a...
Euro Rebounds on Superb German Retail Sales
The euro is in positive territory on Monday. In the North American session, EUR/USD is trading at 1.2050, up 0.43% on the day. Germany, the eurozone’s largest economy, impressed with a Retail Sales report for March that crushed the consensus....
USD Index Outlook: The dollar Eases after Recovery Ran Out of Steam; Key Economic Events in Focus this Week
The dollar made a soft start of the week and puled back from one-week high, posted after last Friday’s 0.76% advance. Profit-taking and lowered volumes due to holidays in China, Japan and Britain, pushed the greenback lower on Monday. Traders...
Markets Back in Risk on Mode, Dollar Softens Mildly
Markets seem to be back in mild risk on mode in Europe, shrugging off the selloff in Asia. US futures also point to higher open, as the record run could resume this week. The currency markets are relatively mixed. Yen...
Dollar Gets A Second Wind Ahead Of ISM Data
Taper talk, mild risk aversion, and month-end flows reawaken the dollar Wall Street takes a minor hit but after a fantastic month All eyes on ISM survey today and RBA rate decision afterward Dollar strikes back A battle of narratives...
RBA Preview: Upgrading Economic Assessment while Pledging to Expand QE Purchases
While the RBA is likely to leave all monetary policy measures unchanged at this week’s meeting, the quarterly Statement on Monetary Policy (due May 7) would be closely watched. We expect policymakers to upgrade economic assessments moderately and pledge to...
AUD/USD Bullish Zone Is Holding
The AUD/USD is making 1-2-3 bullish pattern at the weekly and daily support zones and slightly above the ATR projection low. 0.7705-0.7720 is the zone where buyers should show up. 1-2-3 pattern is holding and bouncing off the camarilla weekly...