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Day: June 11, 2021

Stocks making the biggest moves midday: Chewy, Biogen, Snowflake and more

Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Snowflake – Shares of the cloud computing company dropped nearly 4%. The firm presented its financial targets at its investor day meeting on Thursday, …

Stocks making the biggest moves midday: Chewy, Biogen, Snowflake and moreRead More

Forward Guidance: Canadian Inflation Pressures Holding Steady ahead of Economy’s Re-Opening

We expect next week’s inflation report to show the headline rate held firm at 3.4% in May—matching April’s rise. This would mark the strongest back-to-back increases in a decade, although the jump is off of an exceptionally low base set a year ago, when activity ground to a halt during the initial COVID wave. Surging …

Forward Guidance: Canadian Inflation Pressures Holding Steady ahead of Economy’s Re-OpeningRead More

Stocks making the biggest moves in the premarket: Snowflake, Vertex Pharmaceuticals, Chewy & more

Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in …

Stocks making the biggest moves in the premarket: Snowflake, Vertex Pharmaceuticals, Chewy & moreRead More

NZDUSD Touches SMAs In A Declining Tendency

NZDUSD has been in a slightly upside movement over the last 4-hour sessions, flirting with the downward sloping 20- and 40-period simple moving averages (SMAs). Broadly, the pair is trading within a descending formation, while a break above the 200-period SMA may determine the next trend direction. Looking at momentum oscillators, they suggest further neutral-to …

NZDUSD Touches SMAs In A Declining TendencyRead More

XAU/USD Outlook: Gold Benefits From Weaker Dollar After US Inflation Data

Spot gold edged higher on Friday and probed above $1900 barrier, inflated by weaker dollar after signals that rising US inflation, which made a biggest annual increase almost 13 years, was insufficient to push Fed to start changing its stance over ultra-loose monetary policy. The US central bank expected to signal a strategy of a …

XAU/USD Outlook: Gold Benefits From Weaker Dollar After US Inflation DataRead More

USDCAD Tiptoes Above 1.20, But Bearish Picture Endures

USDCAD is consolidating around the level of 1.2060, which happens to be a key trough achieved in early September 2017, after its most recent deflection off the upper frontier of the descending channel. The bearish simple moving averages (SMAs) are still weighing on the pair that has ticked to 6-year lows of 1.2012 and 1.2006, …

USDCAD Tiptoes Above 1.20, But Bearish Picture EnduresRead More

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