Euro Steady, German Consumer Confidence Next
The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.2236, down 0.13% on the day. There are no eurozone events on the calendar, so we can expect the pair to remain calm...
Meme stocks GameStop, AMC are popping again as speculative trading ramps back up
Rafael Henrique | LightRocket | Getty Images Just when you think the GameStop mania is a tale from the past, meme stocks came back from the dead with a double-digit rally this week as enthusiastic investors piled back into speculative...
Dollar Strikes Back, Kiwi Maintains Gains
While Kiwi and Aussie remain the strongest ones for today, Dollar is striking back as markets enter into US session. On the other hand, Canadian Dollar is now the selling focus. Euro and Swiss Franc also turn weaker. Overall markets...
NZDJPY Prints Fresh 3-Year High, Short-Term Bias Bullish
NZDJPY gained significant positive traction following the Reserve Bank of New Zealand’s rate announcement, stretching its one-year-old uptrend to a fresh 3-year high of 79.58 after a period of stagnation. Should the price close clearly higher, the rally could get...
Kiwi Jumps As RBNZ Flags Stimulus Exit, ECB Hints Not There Yet, Euro Slips
RBNZ signals 2022 rate hike, kiwi surges, but ECB plays down taper talk, knocking euro US yields edge up from lows after Fed’s Clarida suggests taper debate could begin soon ‘Talking about talking about” tapering doesn’t faze gold as price...
Weekly mortgage demand falls as interest rates move higher
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application volume fell 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average...
Kiwi Rallies as RBNZ Suggests that Rate Hike can Come in as Soon as Next Year
The RBNZ delivered a less dovish message in May than a month ago. While leaving all monetary policy measures unchanged, it upgraded the inflation forecast and revised lower the unemployment rate. The central bank also pushed forward the first rate...
NZD Surges on Hawkish RBNZ, Dollar and Yen Pressured
New Zealand Dollar surges sharply today, on surprisingly hawkish RBNZ which started to signal a rate hike. Strength in the Kiwi is somewhat lifting Australian Dollar, and to a lesser extent Canadian. On the other hand, Dollar and Yen are...
Market Morning Briefing: Pound Looks Stable In The 1.42-1.41 Region
STOCKS Equities continue to look broadly positive. Dow remains stable within its 33500-35000 range and is likely to break it on the upside. DAX is attempting to break its 14800-15500 range on the upside as expected and can rise to...
Stock futures rise marginally after Wall Street posts slight decline
The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major...
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