EUR/USD Faces Uphill Task Near 1.2000
Key Highlights EUR/USD declined below the key 1.2000 and 1.1950 support levels. A major bearish trend line is forming with resistance near 1.2100 on the 4-hours chart. GBP/USD failed to recover above 1.4000 and started a fresh decline. Gold price...
Stock futures open higher as S&P 500 looks to add to record
A man walks past the charging bull statue near the New York Stock Exchange. Mandel Ngan | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Sunday evening...
Inflation looks bad now, but it’s pretty much sticking to the script
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Under normal circumstances, the recent spate of high inflation numbers would be cause for high alarm. But in the present Covid-era...
Here are 8 easy ways to save money by going green
d3sign | Moment | Getty Images The Earth is heating up and the effects — droughts, hurricanes, wildfires, to name a few — are getting more common and severe. Yet consumers can do something about climate change — in simple...
Yen and Dollar Drops on Return on Risk Appetite, Sterling Looking Technically Vulnerable
Yen and Dollar ended the week as the worst performing ones, as US stock markets came back with strong rally. Risk-on sentiments pushed commodity currencies broadly higher. Yet, Yen crosses are also held below recent highs despite the rebounds. Dollar’s...
Weekly Economic & Financial Commentary: Eventual Tapering to Send Rates Higher, but a Tantrum, à la 2013, Less Likely
Summary United States: The Moderation in Home Sales May Hold Some Lessons for the Broader Economy Home sales moderated further in May, but home prices continue to rise. The astonishing surge in prices has reduced affordability at a time when...
The Weekly Bottom Line: Inflation Continues to Heat Up
U.S. Highlights Personal spending held flat in nominal terms in May and fell 0.4% after removing inflation. Looking under the hood, the shift in spending from goods to services continued in the month. Headline and core PCE inflation rose to...
Week Ahead: Non-Farm Payrolls, Infrastructure Spending and OPEC+ Headline the Week
The BOE was “on hold” last week as most committee members felt that recent higher inflation readings were transitory. And after the hawkish-leaning FOMC meeting 2 weeks ago, the US Fed paraded out speaker after speaker last week to hammer...
Week Ahead – Doves are Back in Control
US stocks rallied to record highs and dollar weakness returned as investors shrug off the hawkish tilt given at last week’s FOMC policy decision. A wrath of Fed speak showed that more policymakers are in the camp that inflation will...
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...
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