Stocks making the biggest moves in the premarket: Zoom Video, Robinhood, Designer Brands and more
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the...
August Inflation Accelerates In Euro Area
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AUDUSD Aims To Hold Above 20-SMA, Short-Term Bias Bullish
AUDUSD looks determined to stay above its 20-day simple moving average (SMA) and the 23.6% Fibonacci level of the 0.7890 – 0.7105 downleg at 0.7290 after barely closing above that line in the past two sessions, with the price gearing...
Currency Pair Of The Week: AUD/USD Testing Resistance Ahead Of Key Data Releases
As my colleague Tony Sycamore noted earlier today, Australian traders will be closely monitoring the release of the country’s Q2 GDP report. Although the data precedes the ongoing lockdowns in Sydney and Victoria, it “…is expected to garner serious media...
EUR/USD Breaks 1.18 handle on Fresh Dollar Selling
Selling of Dollar picks up momentum again in Asia today, with EUR/USD breaking through 1.18 handle finally. On the other hand, New Zealand Dollar is staging a notable rebound as Covid case number dropped to the lowest level in six...
Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Shares of Robinhood...
Homebuyers sign fewer contracts in July, as high prices chill the summer market
A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to...
Swissie Dips as KOF Barometer Slides
The Swiss franc has lost ground in the Monday session. USD/CHF is currently trading at 0.9159, up o.52%. The Swissie has rebounded after a losing week, the first in a month. KOF Economic Barometer In Switzerland, the well-respected KOF Economic...
Eurozone inflation to spike but ECB seen staying the course
The flash inflation estimates for August are due out of the Eurozone on Tuesday at 0900 GMT. The headline rate is expected to jump to a near-decade high. But this is unlikely to speed up policy normalization plans at the...
GBP/USD Outlook: Bulls Lose Traction on Approach to the Base of Thick Daily Cloud
Bulls started to lose steam on Monday after last week’s nearly 1% advance, facing strong headwinds from the base of thick daily cloud (1.3760). Although the price action is holding near the top of multi-day congestion, cable is lacking strength...
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