Day: December 9, 2021
The euro has reversed directions…
The euro has reversed directions on Thursday and has posted losses. In the North American session, EUR/USD is trading at 1.1291, down 0.43% on the day. What to do with APP? This week’s calendar in Europe is thin, which has the markets looking ahead to next week’s ECB policy meeting. There are no expectations for …
Stocks Give Up Ground Amid Covid Curbs; Pound Remains Muted Near 2021 Lows
Equities take a breather European stock indices returned to negative territory as infections remained elevated in the region and governments reintroduced new mild measures to counter the spread of the omicron variant despite drug makers defending the efficacy of their vaccines in the past few days. Energy shares drove losses in the pan-European STOXX 600, …
Stocks Give Up Ground Amid Covid Curbs; Pound Remains Muted Near 2021 LowsRead More
Powell’s fourth major shift raises questions about the Fed’s policy credibility
Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and announces a more aggressive unwind of the measures taken to boost the economy, it will …
Powell’s fourth major shift raises questions about the Fed’s policy credibilityRead More
Weekly jobless claims fall to 184,000, the lowest level in more than 52 years
Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday. Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969, which saw 182,000. Initial claims for unemployment …
Weekly jobless claims fall to 184,000, the lowest level in more than 52 yearsRead More
Dollar Recovers on Surprisingly Low Jobless Claims
Dollar rebounds mildly entering into US session, as supported by surprisingly good jobless claims report. Risk-on rallies in the stock markets also losing some momentum, helps lift Yen mildly. As for the week so far, Aussie remains the best performer, followed by other commodity currencies. Swiss Franc and Yen are the worst ones. There’s still …
Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and others
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator issued new guidance ahead of its investor day, saying it expects a 2022 adjusted profit of $8.10 to $8.30 per share compared with an $8.24 consensus estimate and better-than-expected revenue. CVS also raised its 2021 outlook, and the …
Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and othersRead More
EURUSD Survives Above 1.1300, Neutral Phase
EURUSD is retreating from the 23.6% Fibonacci retracement level of the downward wave from 1.1908 to 1.1185 at 1.1355. The price is currently testing the Ichimoku cloud and is moving towards the flat 40- and 20-period simple moving averages (SMAs). The RSI posted a descending move in the positive territory, while the MACD oscillator is …
GBP/USD – Divergences Remain
Time for a correction? The pound has continued to push lower in recent days but continues to lack momentum, which could point to further weakness in the sell-off. The most recent low came on reduced momentum again which suggests a corrective move may not be far away. It’s worth noting that divergences between price and …
The ‘Great Resignation’ slowed down in October, while job openings jumped
A help wanted sign is posted in the window of hardware store on September 16, 2021 in San Francisco, California. Justin Sullivan | Getty Images The so-called Great Resignation lost some steam in October, with the total number of workers leaving their jobs either due to dissatisfaction or better opportunities elsewhere declining, the Labor Department …
The ‘Great Resignation’ slowed down in October, while job openings jumpedRead More
AUD/USD Outlook: Bulls Are Taking A Breather After Strong Three-Day Advance
The Australian dollar is consolidating under new two-week high, hit after nearly 2.5% advance in past three days, sparked by decision of China’s central bank to cut the amount of cash that banks must hold in reserve, as the Aussie as often used as a proxy for China actions. Higher Asian stocks also added to …
AUD/USD Outlook: Bulls Are Taking A Breather After Strong Three-Day AdvanceRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
