The Dollar Remains Slightly In The Defensive Ahead Of The Fed Meeting
Markets Contrary to Monday, European and US markets yesterday failed to withstand a new risk-off wave initiated by China’s regulatory overhaul. US data (durable goods orders, House prices, consumer confidence) were ok or even strong, but failed to change the...
Barclays beats profit estimates and ups shareholder payments as equities, investment banking surge
Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020. Matthew Childs | Reuters Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking...
Sterling Firm, Dollar Mixed, as Focus Turns to FOMC
Asian markets continue to trade in risk averse mode today but selling has somewhat decelerated. Commodity currencies remain the weakest ones for the weak on risk-off sentiment, while Aussie is ignoring stronger than expected inflation reading. Yen and Swiss Franc...
The Fed could sound more worried about the virus and less ready to tighten policy
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters When the Fed emerges from its July...
Canadian Dollar Dips, CPI Ahead
The Canadian dollar has reversed directions on Tuesday and is in negative territory. Currently, USD/CAD is trading at 1.2582, up 0.30%. It has been a frigid summer for the Canadian dollar, as USD/CAD has jumped 4.3% since June 1. The...
Chinese Crackdowns Hit Stock Indices, Send USD/CNH higher
The crackdown by the Chinese government on big tech companies, such as Alibaba and Tencent, has spilled over into other sectors, causing investors to flee stock markets. After the government began laying heavy fines and penalties on tech companies over...
WTI Futures Struggle to Surpass 200-Period SMA
WTI crude oil futures are moving sideways, finding strong resistance at the 200-period simple moving average (SMA) and support at the 20-period SMA. The RSI indicator is falling in the positive region, while the MACD is losing momentum in the...
Home prices broke records in May, according to S&P Case-Shiller
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, home prices...
Yen Jumps Again as Markets Turned Risk-Off
Overall markets are in risk-off mode today, started with steep selloff in Hong Kong and China stocks. Nevertheless, losses in Europe are limited, while DOW future is just slightly lower. In the currency markets, commodity currencies are the worst performing...
Stocks making the biggest moves in the premarket: F5 Networks, UPS, Sirius XM and more
Take a look at some of the biggest movers in the premarket: F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as...
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