Stocks making the biggest moves in the premarket: Sanderson Farms, U.S. Foods, Tyson Foods and more
Take a look at some of the biggest movers in the premarket: Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm...
Dollar Eases From Post-NFP Highs, Gold Steadies After Crash
Dollar off highs but elevated after strong NFP puts September taper back on the table Gold plunges below $1,700 before rebounding as yields spike, but oil’s rout deepens Stocks undaunted by prospect of earlier Fed tapering as Wall Street sets...
Gold Smashed in Ultra Thin Trading, Dollar Slightly Firmer
While the currency markets are rather quite, big surprise is found in gold price, which smashed to as low as 1684, hitting the lowest level since March. Silver also tumbled to as an eight-month low of 22.5. The move was,...
EUR/USD Targets Fresh Lows, Dollar Recovers
Key Highlights EUR/USD failed to surpass 1.1900 and declined heavily. It broke a major bullish trend line at 1.1800 on the 4-hours chart. GBP/USD also declined below the 1.3900 support zone. The US nonfarm payrolls increased 943K in July 2021,...
How virtual reality will change trading for pros and everyone else
The work-from-home boom has given several virtual reality (VR) companies incentive to experiment with new ways of trading. While platforms are rapidly evolving and firms are putting themselves in a position to sell the new technology, it’s not a big...
Forex Cryptocurrencies Forecast
EUR/USD: it’s All About the Labor Market The EUR/USD pair drew another wave of sine waves on the chart: it fell by the same amount in the first week of August as it rose in the last week of July....
Berkshire Hathaway’s operating earnings jump 21% as recovering economy boosts railroad, energy units
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway’s operating income continued to rebound as its myriad of businesses from energy to railroads benefited from the economic reopening. The...
Dollar Turned Around While Tapering Talks Heated Up Again
Dollar soared towards the end of the week as the stellar job report should give Fed much confidence to start tapering later in the year. Reactions from stock markets and yields were also positive, with DOW and S&P closing at...
Weekly Economic & Financial Commentary: Summer Hiring Heats Up
Summary United States: Summer Hiring Heats Up Data this week highlighted the economy’s resilience in the face of ongoing supply constraints, while financial markets weighed the impact of the Delta variant wave on the outlook for the economy and Fed...
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