EUR/USD Starts Recovery, But Faces Key Hurdle
Key Highlights EUR/USD found support near 1.1186 and started a decent recovery. It broke a major bearish trend line at 1.1200 on the 4-hours chart. GBP/USD is facing an increase in selling below 1.3400. Crude oil price declined over $10.00...
Stock futures move higher after Friday’s big sell-off, investors monitor omicron Covid variant
A trader on the floor of the New York Stock Exchange (NYSE), on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures moved higher in overnight trading Sunday following Friday’s big sell-off as investors monitor the...
Travel in 2022: Is it time to plan those big trips abroad?
Reynisfjara is a world-famous black-sand beach located on the south coast of Iceland. Luis Cagiao Photography | Moment | Getty Images Iceland has been a focal point of my wanderlust for the better part of two years. The country is...
The current inflation run is similar to other episodes in history, but with important differences
A customer’s groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images Critical supply chains are choked off. Demand soars. Prices surge and everyone starts...
Investor Confidence Shattered by Omicron Variant, Yen and Swiss Franc Surged
Investor confidence was shattered by the news of the heavily mutated B.1.1.529 coronavirus variant, now called omicron. WHO warned that this variant has a large number of mutations, some of which are concerning. It added that preliminary evidence suggested an...
Week Ahead: Who Cares about Inflation When There is an Omicron Covid Variant?
“Early indications show this variant may be more transmittable than the Delta variant, and current vaccines may be less effective against it”. Last week began with worries about inflation and concerns that the Fed would taper more quickly than Powell...
The Weekly Bottom Line: Consumer Spending Powers Ahead
U.S. Highlights President Biden removed months of speculation by announcing his nomination of current Fed Chair Jerome Powell for a second term to head the Central Bank. He will be joined by Governor Brainard who the President nominated for Vice-Chair....
Forward Guidance: Canadian GDP Edging Higher as Labour Markets Tighten
We expect GDP rose 4.0% (annualized) in the third quarter, picking up after a 1.1% decline in Q2 when COVID-19 restrictions were more stringent. That Q3 increase would be stronger than the 2% early estimate from Statistics Canada a month...
Week Ahead – Pressure Mounting on Central Banks
Investors concerned about new Covid variant For months now the main topic of conversation in the markets has been inflation. Is there too much of it, is it here to stay, and are monetary policymakers actually going to do something...
Stocks making the biggest moves midday: Moderna, United Airlines, Zoom and more
Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading Friday: United Airlines, American Airlines – Airline stocks were hit hard...
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