Stocks making the biggest moves midday: Nike, Virgin Galactic, Blackberry, big banks and more
Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared 38% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into...
Forward Guidance: Better Times ahead after Spring Wave Dented Canada’s GDP Recovery
Even as optimism builds alongside rising vaccination rates, backward-looking Canadian economic growth data will continue to reveal the bruising impact of containment measures during the spring wave of COVID-19. Statistics Canada’s preliminary estimate was for a 0.8% drop in April...
US Core PCE: Will it Cause US Fed Members to Change Their Views?
US Core PCE is said to be the Fed’s favorite measure of inflation. As mentioned in our Preview, it is wide encompassing, as it covers all households and nonprofit institutions servicing households. Therefore, the Fed is said to favor this...
Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other...
Key inflation indicator posts biggest year-over-year gain in nearly three decades
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday. Though the gain was the biggest since April 1992, it met the...
Dollar Weakens as PCE Inflation Surged by Missed Expectations
Dollar weakens in early US session, in particular against Yen. PCE inflation showed notable acceleration in May but fell short of expectations slightly. Nevertheless, Sterling is the worst performing ones for today, extending post BoE selloff. The Pound is also...
EUR/USD Is At The Verge Of Breaking Out
The EUR/USD is showing bullish structures. We should see a breakout. We can spot the SHS pattern which is at the support level. Another consolidation is happening right now. We can see the triangle and the price close to the...
Gold Testing 61.8% Fibonacci Support After Bearish ABC
The XAU/USD chart was unable to break above the resistance trend line (orange) and is now testing the support trend line (green). Price action seems to be building 3 corrective waves down after 5 impulsive waves up. Now an ABC...
AUD/USD Outlook: AUD/USD Hits One-Week High On Fresh Risk Appetite
The Australian dollar rose to one-week high (0.7602) on Friday, lifted by fresh risk appetite as initial enthusiasm on hawkish Fed started o fade, as US policymakers remain split on risk view over surging inflation and large jobs deficit. Traders...
GBPJPY Eases From 155 Mark But Upside Risks Remain Intact
GBPJPY’s latest rally off the 100-day simple moving average (SMA) has failed to decisively close above the 155.00 handle, an area where the recent bearish price correction was previously initiated. This fresh price bounce at 151.30 is validating that the...