Stocks making the biggest moves midday: Oracle, General Electric, Southwest Airlines and more
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading. Oracle – The tech company’s shares slid more than 3%...
Canadian Election Preview: AUD/CAD in Focus as Liberals Cling to a Tiny Lead
The most likely scenario is a minority government, meaning that the winning party will have to collaborate with other parties to reach a consensus about new policies… After staying cooped up inside for most of the past 18 months, Canadian...
CPI Data Misses. Does it Matter?
This print should have no effect on the FOMC’s decision next week as to whether they will announce tapering Inflation has been running hot this summer. Despite the high readings, Fed Governor Jerome Powell had declared that most of the...
Consumer prices post smaller-than-expected increase in August
Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as...
AUD/USD Elliott Wave analysis: Support Near 0.7290 Area
Aussie, AUDUSD has turned higher at the end of August, with a sharp and strong retracement back above former wave four, so it appears that we have a bottom in place. However, nothing moves in straight line so current retracement...
Dollar Declines on Slowing Inflation, Sterling Upside Breakout
Dollar drops broadly after data shows declining headline consumer inflation in the US, and even quicker fall in core CPI. It’s adding to the Fed’s case that prior surge in inflation was just transitory. DOW futures responde rather positively to...
Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
A customer wearing a protective mask shops inside an Albertsons grocery store in San Diego, California, June 22, 2020. Bing Guan | Bloomberg | Getty Images Tuesday’s report of the consumer price index could set the tone for markets ahead...
GBP/AUD Sets For Breakout
The British Pound has edged higher by 1.53% against the Australian Dollar since September 5. The currency pair breached the 50– period simple moving average on September 9. The exchange rate is currently trading near the upper boundary of a...
Volatility Remains Muted
Financial markets remained eerily muted overnight, trading mostly sideways and leaving me asking myself, “Is September the new May?” A lack of tier-1 data is partially to blame as the street remains in limbo, torn over uncertainty about the Fed...
Euro Strengthening Mildly While Dollar Awaits CPI
Overall market sentiment is mildly positive with the strong rebound in DOW overnight, followed by slight gain in Nikkei. European majors are having a small edge over the others but Swiss Franc is still clearly lagging behind. Australia Dollar is...