USD Seems To Recover After Friday’s Drop
The USD seemed to recover somewhat against some of its counterparts during todays’ Asian session, after Friday’s wide retreat as uncertainty seems to be on the rise once again. It should be noted that shares in China’s giant developer Evergrande...
Yen to Follow Risk Sentiment, RBA and RBNZ Featured Early in the Week
While some selling pressure is seen in Asian stocks, the forex markets are relatively steady. Canadian Dollar is currently the stronger one, followed by Yen. Sterling is the softer one, followed by Swiss France, Euro and Dollar. Overall risk sentiment...
Market Morning Briefing: Pound Rose Well From 1.34 Last Week
STOCKS Dow has recovered from the sharp fall seen last week and may continue to move up now while Dax still trades lower but needs to sustain above 15000 to slowly move up. Nikkei needs to sustain above crucial support...
Stock futures flat heading into first full week of trading in October
Traders work on the floor of the New York Stock Exchange (NYSE) on September 30, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed in overnight trading on Sunday as investors readied for...
RBA Preview – To Maintain Rate at Historical as Counterparts Begin Tightening
The RBA will maintain all monetary policy measures unchanged at next week’s meeting. That is, the cash rate, as well as the yield target on the April 2024 bond, will stay at 0.1%. Asset purchases will also be kept at...
How Biden’s $3.5 trillion economic plan compares to LBJ’s Great Society and FDR’s New Deal
Anna Moneymaker | Getty Images News | Getty Images President Joe Biden’s $3.5 trillion economic agenda — and the social spending it would usher in — has few parallels in modern U.S. history. The New Deal era of the 1930s...
Dollar Index Could Be Capped by 94.46 Fibonacci Level as Yields Rally Halts
Dollar had been the strongest for most of the week but lost it first place at the time, as treasury yields retreated. Instead, resilient risk appetite in the US, as well as firm oil price helped Canadian and Australian Dollars...
Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank...
Weekly Economic & Financial Commentary: With Eyes on Washington, the Expansion Continues to Roll Along
Summary United States: With Eyes on Washington, the Expansion Continues to Roll Along Data released this week showed the production and housing sectors continued to hum, despite ongoing supply constraints, while consumers kept spending, despite some trepidation about the economic...
The Weekly Bottom Line: Global Energy Supply Squeeze Taking the Spotlight
U.S. Highlights Equity markets fell this week as various concerns weighed on sentiment, including central banks signaling an end to pandemic era stimulus. Fortunately, Congress agreed to a last-minute spending deal to avert a shutdown, but it will still need...
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