Aussie Jumps With Risk Appetite, Dollar Continues to Retreat
Australian Dollar leads other commodity currencies higher today, as supported by solid risk appetite. US futures indicate a much higher open and extended rally could push major indices to new record highs later this week. Dollar and Euro are currently...
GOP report shows inflation hurts low-income Americans the most, blames Democrats for price jumps
A person shops in the meat section of a grocery store on November 11, 2021 in Los Angeles, California. Mario Tama | Getty Images Republicans on the Joint Economic Committee on Monday warned that inflation is having an outsized effect...
Brent Looks Weaker Than Usual
Oil is starting a new November weak with a decline. Brent is trading at $81.60 and looking rather weak so far. The latest statistics from Baker Hughes showed that the Oil Rig Count added 4 units over the week and...
Stocks making the biggest moves in the premarket: Oatly, Tesla, Dollar Tree and more
Take a look at some of the biggest movers in the premarket: Oatly (OTLY) – The oat milk producer lost 7 cents per share for its latest quarter, smaller than the 10 cents a share loss anticipated by analysts. Revenue...
GOLD Tests 1,870.00 Level
During Monday’s Asian trading hours, the price for gold reached above the November 10 high level, as the price touched the 1,870.00 level’s resistance. However, afterwards, the price retraced back down, before appearing to start another attempt to pass the...
Are Stocks Still The Place To Be?
After breaking a five-week winning streak, the S&P 500 futures gained slightly in early Monday trading as investors continued to monitor economic data and hints from monetary policy officials. The 0.31% decline in the S&P 500 last week came on...
Entirely possible that we’ll see low interest rates forever, asset manager says
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Interest rates could remain at their record lows “forever,” according to one asset manager, despite a...
Dollar Retreats Mildly in Asian Session, Yen Lower after GDP
Dollar retreats mildly in quiet Asian session today, but loss is limited. Some consolidations will likely be seen and further rally in the greenback is still likely to follow. Yen is also slightly softer after worse than expected GDP data....
EUR/USD Turns Red Below 1.1520, Upsides Limited
Key Highlights EUR/USD extended decline below 1.1520 and 1.1500. A major bearish trend line is forming with resistance near 1.1525 on the 4-hours chart. GBP/USD also extended decline below the key 1.3500 support. Gold price rallied above the $1,835 and...
Stock futures are flat after S&P 500 breaks a 5-week winning streak
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P...
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