Gold Price Started An Upside Correction Below $1.737
Gold price formed a base above the $1,740 level after a major decline against the US Dollar. The price traded as low as $1,737 and recently started an upside correction. There was a break above the $1,750 level and the...
Oil Extends Rally, Gold Vulnerable
Oil rallies in Asia Oil prices finished last week on a firm note as ever-increasing natural gas prices continue to lift oil prices and coal prices as energy substitutes. With OPEC+ struggling to meet its present production targets and US...
Canadian Dollar Rises Together With Oil, Euro Shrugs German Election
Canadian Dollar leads commodity currencies higher in Asian session, with help from extended rally in oil price. Overall sentiment is mixed though and Yen is trying to pare back some of last week’s losses. Some weakness in seen in both...
EUR/USD Could Struggle Near 1.1800, Dollar Consolidates
Key Highlights EUR/USD started an upside correction from the 1.1680 region. A major bearish trend line is forming with resistance near 1.1755 on the 4-hours chart. GBP/USD is facing an uphill task near 1.3750 and 1.3800. Gold price remains at...
Stock futures rise in overnight trading after market ends wild week in the green
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures climbed in overnight trading on Sunday as investors braced...
Here’s what Robinhood executives allegedly said internally at the height of the GameStop short squeeze
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were...
Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options
Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts...
Yen Dropped Broadly as Treasury Yields Jumped on Hawkish Fed
Yen’s fortune reversed last week as US treasury yields accelerate up after hawkish FOMC meeting and projections. US stocks also display strong resilience and closed generally higher, reversing prior losses. Sterling, on the other hand, shrugged off hawkish BoE voting...
Weekly Economic & Financial Commentary: Tapering “May Soon Be Warranted”
Summary United States: Housing Data and FOMC Outcome Show Economic Recovery Still Intact The FOMC left monetary policy essentially untouched, but hinted at a forthcoming taper of bond purchases. Housing data for the month of August came in mixed, but...
The Weekly Bottom Line: More Fiscal Stimulus On The Way
U.S. Highlights Housing starts surprised to the upside in August (rising 3.9%), powered by gains in the multifamily segment. Solid data out of the housing sector and reassuring words from the FOMC confirm that the economic recovery is well under...