The Fed could sound more worried about the virus and less ready to tighten policy
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters When the Fed emerges from its July...
Canadian Dollar Dips, CPI Ahead
The Canadian dollar has reversed directions on Tuesday and is in negative territory. Currently, USD/CAD is trading at 1.2582, up 0.30%. It has been a frigid summer for the Canadian dollar, as USD/CAD has jumped 4.3% since June 1. The...
Chinese Crackdowns Hit Stock Indices, Send USD/CNH higher
The crackdown by the Chinese government on big tech companies, such as Alibaba and Tencent, has spilled over into other sectors, causing investors to flee stock markets. After the government began laying heavy fines and penalties on tech companies over...
WTI Futures Struggle to Surpass 200-Period SMA
WTI crude oil futures are moving sideways, finding strong resistance at the 200-period simple moving average (SMA) and support at the 20-period SMA. The RSI indicator is falling in the positive region, while the MACD is losing momentum in the...
Home prices broke records in May, according to S&P Case-Shiller
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, home prices...
Yen Jumps Again as Markets Turned Risk-Off
Overall markets are in risk-off mode today, started with steep selloff in Hong Kong and China stocks. Nevertheless, losses in Europe are limited, while DOW future is just slightly lower. In the currency markets, commodity currencies are the worst performing...
Stocks making the biggest moves in the premarket: F5 Networks, UPS, Sirius XM and more
Take a look at some of the biggest movers in the premarket: F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as...
Asia Equities Mixed
Markets calm after China slide A sense of calm has returned to Asia today as the China sell-off has abated and investors pause for breath and reflection. Overnight, the S&P 500, Nasdaq and Dow Jones traded sideways to be almost...
NZDUSD Very Bullish
Technical analysis The NZDUSD pair has broken above the psychological 0.7000 level and the mid-line of the upper daily Bollinger Band, which is now located around the 0.6985 support area. Bulls could be preparing to take the NZDUSD pair towards...
Dollar Soft in Quiet Markets, European Majors in Control
The forex markets are rather quiet in Asia, with major pairs and crosses stuck inside yesterday’s tight range. Risk sentiments are mixed. While US indexes extended the record runs overnight, Asian index are struggling, as dragged down by extended selloff...