Stocks making the biggest moves midday: Pfizer, Moderna, Boeing and more
A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Stephen Brashear | Getty Images Check out the companies making headlines in...
Gold – Back in Favour?
Facing major resistance Gold has come a long way over the last couple of weeks when it suffered a flash crash at the start of the week. Since then, not only has it rebounded strongly, it’s crossed back above the support level that...
Home sales rose for the second straight month in July, as demand outpaced slightly stronger supply
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of existing homes in July rose 2% from June to a seasonally adjusted, annualized rate of 5.99 million units, according...
Pound Rebounds on Strong Manufacturing PMI
The British pound has started the new trading week in positive territory. GBP/USD is trading at 1.3672, up 0.37% on the day. Manufacturing stellar but services slip The UK Flash PMI reports for August were mixed. Manufacturing PMI was down...
Dollar Extending Pull Back, Gold Upside Breakout
Markets continue to reverse some of last week’s move, as seen in the rebound in European and Asian equities. Dollar, Yen and Swiss Franc all turned weaker while commodity currencies strengthened. PMIs from Eurozone and UK are all solid, despite...
Gold In Confusion Within Tight Range
Gold is in a tight range with the 1,780 – 1,770 zone as the quick bounce from the five-month low of 1,680 was not enough to pierce a former support region and the 20- and 50-day simple moving averages (SMAs)....
Market Morning Briefing: Aussie Has Bounced Too From 0.71 In Line With Other Currencies
STOCKS Equities have recovered a bit after seeing a sharp fall last week. We may expect the bounce to hold for now and take the indices to higher levels in the near term. Dow (35120.08, +225.96, +0.65%) has bounced back...
Dollar Paring Gains as Asian Markets Rebound Despite Poor PMIs
Asian markets are staging a strong rebound today, despite poor economic data out of Japan and Australia. Investors are probably reassessing the timing of Fed’s tapering, which would be delayed by the current surge in Delta variant. Meanwhile, China reported...
PayPal launches its cryptocurrency service in the UK
PayPal has launched its cryptocurrency service in the U.K. PayPal LONDON — PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting...