Day: December 23, 2021
What the top crypto execs predict for the industry in 2022: Regulation and a Big Tech ‘brain drain’
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrencies have had yet another wild year. Bitcoin, the world’s largest digital asset, has seen a roughly 65% gain since January — with some ten to twenty percent …
Stocks making the biggest moves midday: Nikola, Las Vegas Sands, Stitch Fix, Crocs and more
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — The electric truck maker saw its stock surging more than 16% a day after the company announced on Twitter that its first customer delivery is done and signaled there’s more to come. Novavax — Vaccine producer Novavax fell …
Stocks making the biggest moves midday: Nikola, Las Vegas Sands, Stitch Fix, Crocs and moreRead More
WTI Oil Futures Meet December’s Bar; Bullish Bias Still in Play
WTI oil futures (February delivery) paused their two-day advance near December’s resistance zone of 73.10. Although some consolidation is likely around that ceiling, the bulls could soon recharge their batteries according to the momentum indicators. The RSI has breached its previous highs, stretching its uptrend slightly above the 50 neutral mark. The MACD continues to gain …
WTI Oil Futures Meet December’s Bar; Bullish Bias Still in PlayRead More
EURJPY’s Ascent Slows, and Neutral Tone Strengthens
EURJPY is struggling to extend its latest rally, which began around 127.50, beyond the December 16 high of 129.63. The converging simple moving averages (SMAs) are hinting that a more neutral price development may evolve confined now between a lower limit of 127.30-127.50 and an upper limit of 129.53. The horizontal blue Kijun-sen line and …
EURJPY’s Ascent Slows, and Neutral Tone StrengthensRead More
Canadian GDP Rebounded in October and November ahead of Omicron
GDP grew 0.8% in October, backed by a bounce-back in goods-producing industries. Preliminary estimate that output grew another 0.3% in November, despite significant disruptions from flooding in BC. Omicron threat and re-imposed containment measures adding downside risk near-term, but impact still uncertain. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at …
Canadian GDP Rebounded in October and November ahead of OmicronRead More
Stocks Point Higher as Omicron Fears Ease, Inflation Rises
Stocks head higher on upbeat Omicron news. US PCE Index rises to 5.7%. US futures Dow futures +0.34% at 35870 S&P futures +0.35% at 4710 Nasdaq futures +0.25% at 16291 In Europe FTSE +0.45% at 7352 Dax +0.8% at 15692 Euro Stoxx +0.7% at 4247 Omicron fear ease US stocks are heading for a positive …
Stocks Point Higher as Omicron Fears Ease, Inflation RisesRead More
Stocks March Higher as Omicron Jitters Subside
Dollar gains traction after PCE release; Safe havens plummet Despite its weakness early in the session, the stronger-than-expected PCE inflation print enabled the greenback to pare a significant part of its losses. Specifically, the US annual Core PCE inflation rose to 4.7% in November versus the 4.5% projections, boosting bets for a possible Fed rate …
Sterling Skyrockets, Dollar Shrugs PCE Inflation
Sterling’s rally picks up some strong momentum in pre-holiday trading. Meanwhile, overall steady to risk-on sentiment is also lifting Aussie and other commodity currencies. On the other hand, Euro is under tremendous pressure, thanks to selloff against the Pound. Dollar, Yen and Swiss Franc are also soft, with the greenback shrugging off strong PCE inflation …
Stocks making the biggest moves premarket: Novavax, Tesla, JD.com Nikola and others
Check out the companies making headlines before the bell: Novavax (NVAX) – Novavax jumped 3.4% in the premarket after the drugmaker said a two-dose treatment of its Covid-19 vaccine demonstrated strong immune responses against the omicron variant. It did add that the response to omicron was lower than that against the original virus strain and …
Stocks making the biggest moves premarket: Novavax, Tesla, JD.com Nikola and othersRead More
Will GDP Lift The Loonie?
The Canadian dollar is trading quietly ahead of the release of Canada’s GDP for October later today. The loonie took advantage of broad US weakness on Wednesday, posting gains of 0.53%, its best daily showing since December 7th. Canada GDP expected to rebound Canada’s economy was stagnant in September, with a paltry gain of 0.1%. …
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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 |
