Yen Selling Takes Off, More Downside for Today
Yen’s selling took off overnight, following rebound in treasury yields. Weakness is somewhat solidified in Asian session, together with the strong rebound in Nikkei. With some technical levels broken, Yen’s decline could extend before weekly close, and it’d likely end...
Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more
Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares jumped 5% in...
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at...
Economic Growth: What is GDP Growth?
What is Economic Growth and Why is it So Important? Top news headlines are often dominated by the release of gross domestic product (GDP) figures and for good reason. The GDP release attracts a lot of attention from traders and...
AUD Yawns as Private Capex Shines
The Australian dollar is showing little movement on Thursday. In the North American session, AUD/USD is trading at 0.7739, down 0.01% on the day. Private capex jumps in Q1 It has been a good week for Australian releases. Earlier in...
What is Inflation. Its Global Impact. Explore
What is Inflation? Inflation is the rise in prices of goods and services in an economy over a period of time, and is often displayed in percentage form. For example, if inflation is 2%, this suggests that prices are (on...
False Profits: Looking Past the Stall in Today’s GDP Print
Summary Revised data show that real GDP grew at an annualized rate of 6.4% in Q1-2021, which is unchanged from the initial estimate that was released a month ago. The overall rate of real GDP growth was driven by broad-based...
Jobs picture shows more improvement as unemployment claims slide
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for the week ended May 22, the Labor Department reported Thursday. While that level is still well above the pre-Covid norm,...
Sterling Surges on BoE Rate Hike Talks, Canadian Dollar Rebound
Sterling jumps broadly today as a BoE officials indicated that rate hike could come next year. UK Prime Minister Boris Johnson also said there is nothing in data that suggests a delay to reopening on June 21, even though some...
United States Oil Fund Elliott Wave And Long Term Cycles USO
Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an all time high at 953.36 in July 2008 noted on the monthly chart. The...
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