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Month: September 2021

Stocks making the biggest moves midday: Bed Bath & Beyond, Kohl’s, CarMax and more

A shopper walks past a Bed Bath & Beyond Inc. store Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the big-box retailer plunged 22% after the company slashed its revenue and earnings outlook amid supply chain challenges and inflation. Bed Bath & Beyond …

Stocks making the biggest moves midday: Bed Bath & Beyond, Kohl’s, CarMax and moreRead More

Yellen lends support for effort to remove the debt ceiling altogether

Janet Yellen, U.S. Treasury secretary, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021. Sarah Silbiger | Bloomberg | Getty Images With a potential default looming for the U.S. in October, Treasury Secretary Janet Yellen said Thursday she would just as soon see the power over debt …

Yellen lends support for effort to remove the debt ceiling altogetherRead More

Selling Focus Turns to Euro as Dollar Digests Gains

As Dollar is digesting this week’s yield supported rally today, selling focus is turning to Euro, in particular in crosses. Meanwhile, firmer overall risk sentiment is supporting commodity currencies and Sterling, with Aussie being the stronger one. Yen and Swiss Franc are generally softer on stable risk sentiment. Technically, as Euro turns weaker, we’ll pay …

Selling Focus Turns to Euro as Dollar Digests GainsRead More

NZD/USD Nosedives Below 0.7000, Dollar Rallies

Key Highlights NZD/USD started a major decline below the 0.7000 support. It broke a declining channel with support near 0.6950 on the 4-hours chart. EUR/USD declined below 1.1650, and GBP/USD accelerated lower towards 1.3400. The US Gross Domestic Product could grow 6.6% in Q2 2021. NZD/USD Technical Analysis The New Zealand dollar started a major …

NZD/USD Nosedives Below 0.7000, Dollar RalliesRead More