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
RBNZ Preview – Rate Hike Cycle Begins
The RBNZ is almost certain to raise the OCR by +25 bps to 0.5% next week. The Funding-For-Lending program (FLP) will stay unchanged at NZ$28B. This should not be affected by the slowdown in economic activities in the third quarter. While cautioning about the uncertainty of the pandemic and economic damage brought about by the …
Stocks Edge Lower as Quarter Draws to a Close
Stock markets are a little lower on Thursday, bringing an end to a disappointing quarter and going into a new one fraught with risk. There’s an enormous amount of uncertainty in the markets at the moment and that’s clearly taken its toll. There’s still clearly plenty of appetite to buy the dips but the risks …
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 …
Gold Is Bearish But Watch For 1712-23 Zone
Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support. The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try to bring the price back up. This could create another selling opportunity. 1750-68 is the …