FOMC Minutes Revealed that Some Members Raised Discussion over QE Tapering
The minutes for the FOMC meeting in April revealed that policymakers discussed about QE tapering. This came in as a surprise to the market, sending USD higher and Treasury lower. Both the policy statement and the press conference of the...
Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could cause inflation to rise quicker in the U.S., a business consultant said Wednesday. Japan, South Korea, Taiwan and Vietnam are...
Homebuyers are applying for ever bigger mortgages as home prices soar
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images...
Stocks making the biggest moves after hours: Cisco, L Brands, Synopsys & more
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped...
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to...
Another Bounce in Eurozone PMIs Could Further Fuel Euro Rally
After long winter shutdowns, virus-stricken Eurozone countries are finally emerging out of lockdown and the vaccination drive is accelerating. The further lifting of virus restrictions in May likely boosted economic activity across the region and this is expected to be...
Bitcoin Selloff is Good News for EUR/AUD and EUR/NZD Longs
Bitcoin was our Chart of the Week in the Week Ahead on Friday. We noted that the cryptocurrency was pulling back from its April 14h highs in what could be considered a corrective manner. At the time, BTC was in...
Stocks Fall on Inflation Data and Surging Yields, Dollar Recovering Mildly
Global equities are under selling pressure today with another round of rise in treasury yields. In particular, Germany 10-year yield jumped above -0.1% handle and hit the highest level since mid-2019. The development came after stronger than expected inflation reading...
GBPJPY Struggles to Surpass 39-Month High
GBPJPY came close to breaking the 39-month high of 154.80, in the previous sessions, but is still fluctuating sideways. According to the RSI, the market could maintain a weak momentum in the short-term as the indicator is flattening above its neutral...
Stocks making the biggest moves in the premarket: Target, Lowe’s, MicroStrategy, CarMax & more
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.69 per share for the first quarter, well above the $2.25 a share consensus estimate, with revenue also above analysts’ projections. Comparable-store sales...
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