EU CPI Surprises. Hawks Come Out!
Earlier today, the EU released its Flash CPI data for August. The YoY print was 3% vs 2.7% expected and 2.2% in July. This is the highest reading in nearly 10 years! Just as with much of the rest of...
Gold – Can the Rally Continue?
Facing resistance around $1,833 Gold was given a helping hand by Jerome Powell and the Fed on Friday when they signalled that they can be patient on tapering and that it is not linked to interest rates. The comments brought...
Euro Rises on Inflation, ECB Talks, and German Yield
Euro jumps notably today, as supported by highest inflation reading in a decade, and hawkish comments from an ECB official, as well as rise in German yields. Though, it’s slightly outshone by Kiwi, Aussie and Swiss Franc for now. On...
Stocks making the biggest moves in the premarket: Zoom Video, Robinhood, Designer Brands and more
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the...
August Inflation Accelerates In Euro Area
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AUDUSD Aims To Hold Above 20-SMA, Short-Term Bias Bullish
AUDUSD looks determined to stay above its 20-day simple moving average (SMA) and the 23.6% Fibonacci level of the 0.7890 – 0.7105 downleg at 0.7290 after barely closing above that line in the past two sessions, with the price gearing...
Currency Pair Of The Week: AUD/USD Testing Resistance Ahead Of Key Data Releases
As my colleague Tony Sycamore noted earlier today, Australian traders will be closely monitoring the release of the country’s Q2 GDP report. Although the data precedes the ongoing lockdowns in Sydney and Victoria, it “…is expected to garner serious media...
EUR/USD Breaks 1.18 handle on Fresh Dollar Selling
Selling of Dollar picks up momentum again in Asia today, with EUR/USD breaking through 1.18 handle finally. On the other hand, New Zealand Dollar is staging a notable rebound as Covid case number dropped to the lowest level in six...
Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Shares of Robinhood...
Homebuyers sign fewer contracts in July, as high prices chill the summer market
A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to...