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Day: July 9, 2021

Stocks making the biggest moves midday: Goldman Sachs, United, Discovery and more

A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Check out the companies making headlines in midday trading. JPMorgan, Goldman Sachs, Bank of America — Bank stocks led the market comeback on Friday as bond yields rebounded. JPMorgan, Goldman Sachs and Bank of America climbed more …

Stocks making the biggest moves midday: Goldman Sachs, United, Discovery and moreRead More

Sen. Elizabeth Warren slams Wells Fargo for causing potential credit score hit to its customers

U.S. Senator Elizabeth Warren (D-MA) questions Charles P. Rettig, commissioner of the Internal Revenue Service, during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, D.C., June 8, 2021. Tom Williams | Pool | Reuters Wells Fargo’s decision to pull customers’ credit lines was lambasted …

Sen. Elizabeth Warren slams Wells Fargo for causing potential credit score hit to its customersRead More

Wells Fargo closed your personal line of credit. Here are some other options

Smith Collection/Gado | Archive Photos | Getty Images Wells Fargo is closing all existing personal lines of credit, CNBC reported on Thursday. Some customers are likely thinking: Now what? Fortunately, there are alternatives for clients looking for ready cash, according to financial experts. They may turn to other lenders that offer personal lines of credit …

Wells Fargo closed your personal line of credit. Here are some other optionsRead More

Forward Guidance: Bank of Canada Poised to Taper Stimulus as Recovery Progresses

We expect no major forecast changes in next week’s Bank of Canada rate decision and Monetary Policy Report. Indeed, the Canadian economic recovery is progressing largely in line with the central bank’s expectations, suggesting April GDP growth forecasts should be left mostly intact. We are tracking a 3.5% rise in Q2 GDP despite the spring …

Forward Guidance: Bank of Canada Poised to Taper Stimulus as Recovery ProgressesRead More

What Does Central Bank Divergence Mean for FX?

There’s been a massive shift within the central bank world lately. Some have taken baby steps towards exiting cheap money and ultimately raising interest rates, but others have not. We seem to be entering a period where the economies that will be raising rates might see their currencies appreciate against those that won’t. The dollar, …

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GBP/USD Outlook: Bulls Regain Traction But More Evidence Needed to Signal Reversal

Cable regained traction on Friday after negative tone prevailed during this week, with three-day drop ending with a hammer candle that generated initial bullish signal. Fresh advance nearly fully reversed losses of this week but needs lift above pivotal barriers at 1.3887/97 (falling 20DMA / Fibo 61.8% of 1.4001/1.3731 bear-leg) to confirm reversal signal and …

GBP/USD Outlook: Bulls Regain Traction But More Evidence Needed to Signal ReversalRead More