The S&P 500 Index Set A New All-Time High On The Back Of US Labor Market Data And The Infrastructure Deal
The number of initial jobless claims in the US fell by 7,000 last week to 411,000. The labor market is showing steady recovery dynamics. With positive PMI data, the major US stock indices continue to rise confidently. The US S&P...
GBP/USD Outlook: Sterling Remains In Red After Dovish BoE
Cable remains in red for the second day, as dovish BoE faded hopes that the central bank would send initial signals of earlier than expected start of policy tightening due to surging inflation. Reversal pattern is forming on daily chart...
XAG/USD Hovers Above Daily Support
Silver takes a breather, as the US dollar softens across the board. Price action is looking to gain a foothold above 25.70, which is an important support from the daily timeframe. The consolidation is a sign of indecision after a strong...
SPX 500 Breaks Above Peak
The S&P 500 has recouped all losses after the Fed Chairman played down inflation pressures. There is no lack of V-shaped recoveries in recent market conditions as volatility goes wild. Even though it is choppy, the directional bias remains upward,...
GBP/USD Retreats For Support
The sterling retreated after a dovish BOE kept its policy unchanged, despite higher inflation. The pair has bounced off the key support at 1.3800 on the daily chart. The break above 1.3900 suggests the short side may have unwound their...
Stocks Surge on Infrastructure Deal, Dollar and Yen Soften
Dollar and Yen are trading slightly softer in Asian session today, as markets are back on full risk-on mode. S&P 500 and NASDAQ hit new record after US President Joe Biden struck an infrastructure deal with a bipartisan group of...
Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go global
Football fans watch UEFA Euro 2020 Championship Group A match between Wales and Switzerland at a pub on June 12, 2021 in Shanghai, China. Chen Yuyu | Visual China Group | Getty Images BEIJING — After home appliance company Hisense...