Stocks making the biggest moves midday: Capital One, Disney, Cheesecake Factory, Expedia and more
Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic — Shares...
Currency Pair of the Week: CAD/JPY
There are many events this week which could cause volatility in CAD/JPY including the BOC, BOJ, and US inflation data The Bank of Canada meets this week and there is one question on traders’ minds: Will the BOC continue tapering...
Yen Takes Pause after Strong Weekly Gains
The Japanese yen is slightly lower in Monday trade. In the North American session, USD/JPY is trading at 110.28, up 0.16% on the day. The yen is coming off its best week since April, as USD/JPY declined 0.81% last week...
Inflation expectations surge, hitting new high for New York Fed survey
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from...
USD/CAD Rebounds, Punches Above 1.25
The Canadian dollar is trading quietly in the European session. Currently, USD/CAD is trading at 1.2505, up 0.51%. Canada job data sends lifts loonie The Canadian dollar ended the week on a high note, courtesy of excellent June employment data....
Markets Lack Clear Direction, Dollar and Yen Recover in Range
Overall markets lack clear direction today. Major European indexes are mixed in tight range. DOW future is down over -100 pts at the time of writing, but NASDAQ futures are up. Dollar recover mildly together with Yen and commodity currencies...
EUR/CAD 4H Chart: Bulls Likely To Prevail
The EUR/CAD currency pair bounced off a support level at 1.4615 on July 2. As a result, the European single currency surged by 2.11% against the Canadian Dollar during this period. Everything being equal, the exchange rate could continue to...
RBNZ Preview – Strong GDP Growth and Inflation Expectations to Anchor RBNZ Optimism
Strong first quarter GDP growth and rapidly rising inflation pressure suggest that the RBNZ would at least maintain a hawkish stance at this week’s meeting. While the monetary policy measures will stay unchanged, policymakers will likely react to market expectations...
Dollar and Yen Soft in Subdued Asian Trading, Three Central Banks to Meet This Week
Dollar and Yen remain generally soft in quiet Asian session today. Nikkei staged a strong 2.2% rebound but there is little reaction in the currency markets. Major pairs and crosses are generally stuck inside Friday’s range. Trading could remain subdued...
European Open: Asian Equities Extend Rally, GBP/AUD Hits 3-Month High
With traders their most bearish on AUD futures in a year and the UK still on track to ease lockdown restrictions, GBP/AUD may be able to extend gains from its 3-month high. Asian Indices: Australia’s ASX 200 index rose by...