Day: December 16, 2021
Former U.S. Treasurer on the economy: ‘I’m much more optimistic about 2022’
Count former U.S. Treasurer Rosie Rios among the experts who sees brighter days ahead for the U.S. economy. If she’s right, it could mean good news for businesses and shoppers. “I’m much more optimistic about 2022 than I was about 2021,” Rios, who served in that role as part of the Obama Administration from 2009 …
Former U.S. Treasurer on the economy: ‘I’m much more optimistic about 2022’Read More
Engine No.1 CEO Jennifer Grancio on the firm’s new approach after winning the battle against Exxon
(Click here to subscribe to the new Delivering Alpha newsletter.) Engine No. 1 was founded a year ago this month, and since then, has made a splash in the investing world. Most notably, the ESG-oriented investment firm took on Exxon Mobil in a proxy battle and won. It also launched an ETF and published a white paper, …
Euro Gains Ground after ECB
ECB to wind up PEPP, increase APP The euro has extended its gains and touched 1.1360 earlier, its highest level in December. This follows the ECB policy meeting earlier today. In the North American session, EUR/USD is trading at 1.1332, up 0.34% on the day. With the major economies showing decent growth and inflation running …
EURCHF Raises Bullish Odds above 20-SMA
EURCHF is determined to improve its fortunes above the 20-day simple moving average (SMA) for the first time since mid-September, with the price crawling as high as 1.0465 in mid-European trading hours on Thursday following the plunge to a six-year low of 1.0360 at the start of the month. Although the 1.0480 bar is still laying overhead, …
ECB Reduces PEPP Purchases, Upgrades Inflation forecasts
The ECB meeting came largely in line with expectations. While leaving the policy rates unchanged, the members confirmed that the PEPP program would end in March 2022. Meanwhile, they have extended the reinvestment process and topped up the APP program, as means to continuously provide liquidity to the market. The staff economic projections saw sharp …
ECB Reduces PEPP Purchases, Upgrades Inflation forecastsRead More
Fed Struck a More Hawkish Tone; BoE Raises Interest Rates
Fed catches up with inflation; BoE raises interest rates On Wednesday, the Fed struck a more hawkish tone, doubling its tapering pace and signaling three rate hikes for 2022. However, the US dollar quickly erased early gains closing the day in red and only managing to outperform the Japanese yen. On Thursday, the 10-year US …
Fed Struck a More Hawkish Tone; BoE Raises Interest RatesRead More
Weekly jobless claims total 206,000, higher than expected and above pandemic low
Jobless claims were higher than expected last week after previously hitting their lowest level since 1969, the Labor Department reported Thursday. Initial filings for unemployment insurance for the week ended Dec. 11 totaled 206,000, above the 195,000 Dow Jones estimate and a gain of 18,000 from the previous week’s upwardly revised 188,000. Though the weekly …
Weekly jobless claims total 206,000, higher than expected and above pandemic lowRead More
Sterling Surges after BoE Rate Hike, Euro Catching Up after ECB
Sterling rises broadly after BoE surprised the markets by raising interest rates and maintains a hawkish tone. Solid risk-on sentiment as well as strong job data boosts Aussie as the second strongest. Euro is not performing badly after ECB announces to end PEPP net purchases in March. Indeed, the common currency is trying to catch …
Sterling Surges after BoE Rate Hike, Euro Catching Up after ECBRead More
BOE Hikes Bank Rate, Surprising the Market Two Months in a Row
The BOE surprised the market in two consecutive months. After failing to deliver rate hike in November, the members surprisingly increased the Bank rate by +15 bps to 0.25% in December. Concerns over elevated trumped Omicron variant uncertainty. British pound rallied against US dollar and the euro. The members voted 8-1 to increase the Bank …
BOE Hikes Bank Rate, Surprising the Market Two Months in a RowRead More
AUDUSD Extends Bounce Formed Within Key Support
AUDUSD is climbing higher above the mid-Bollinger band at 0.7145 after rebounding at a 13-month low 0.6992, reached on December 3. That said, the gliding simple moving averages (SMAs) are defending the matured decline from the more than three-year high of 0.8006. The short-term oscillators are revealing waning in negative momentum as buying interest bolsters. …
Install your trader software at VPS server of one of the super fast providers:
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 |
