EUR/USD Recovers But Faces Key Hurdles
Key Highlights EUR/USD started an upside correction from the 1.1700 region. It broke a key bearish trend line with resistance near 1.1745 on the 4-hours chart. GBP/USD managed to stay above the 1.3800 support zone. USD/JPY declined below the 109.80...
Stock futures pull back after the Dow and S&P 500 set records
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Futures contracts tied to the major U.S. stock indexes slipped Sunday evening as the S&P 500...
Slowing Core Inflation, Deteriorating Consumer Sentiment, and Split Fed
It’s all about the consumers. After slowing core inflation and sharp deterioration in sentiment, Dollar took a steep dive towards the end of the week. Markets are suddenly less sure about a tapering announcement by Fed in September, not to...
Weekly Economic & Financial Commentary: Some Relief on Inflation, but It’s Still Hot Out There
Summary United States: Some Relief on Inflation, but It’s Still Hot Out There The CPI data this week showed that the sharpest monthly consumer price hikes may be behind us, but inflation is not about to quietly fade away. Ongoing...
The Weekly Bottom Line: Transitory Price Factors Ease
U.S. Highlights U.S. equity market continued to rise this week, while the 10-year Treasury yields took the consumer price index (CPI) inflation reading in stride, closing relatively flat on the week. The CPI report showed signs of moderation in categories...
Week Ahead: Focus on Fed, RBA, and RBNZ through the Dog Days of Summer
We’re finally past the peak of (peak growth?) earnings season, with a record-breaking 87% of companies in the S&P 500 beating analysts’ estimates… From a macroeconomic perspective, the highlight of last week’s trade came exactly in the middle of the...
Week Ahead – Fed Minutes the Highlight
Country US Inflation data this week provided some light relief in the markets, even if it has probably done nothing to influence the Federal Reserve ahead of a significant few months. The economy is strong, the labour market is seeing...
Stocks making the biggest moves midday: Disney, Airbnb, Honest Company and more
General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at the Disneyland Resort, which has reopened for outdoor dining and shopping on April 11, 2021 in Anaheim, California. AaronP | Bauer-Griffin | GC Images | Getty...
Consumer sentiment measure falls to pandemic-era low, sees one of largest drops on record
A key consumer sentiment reading saw a dramatic drop in early August as the delta variant of Covid-19 increased fears about the path of the economy, the University of Michigan said Friday. The consumer sentiment index tumbled to 70.2 in...
IRS, Treasury send $15 billion in child tax credit payments to families
Tom Werner | DigitalVision | Getty Images More households got a monthly payment of the child tax credit in August, reaching an additional 1.6 million kids relative to July, the Treasury Department and IRS said Friday. The IRS disbursed $15...
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