Stocks making the biggest moves midday: Disney, Snowflake, DoorDash and more
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Disney — The media giant’s share...
Goldman Sachs loses another executive after JPMorgan Chase poaches CFO of its Marcus business
Sherry Ann Mohan, Managing Director at Goldman Sachs Source: Goldman Sachs Goldman Sachs continues to lose key managers at its fledgling consumer banking business. The chief financial officer for Goldman’s consumer business, which includes its Marcus brand and the Apple...
Forward Guidance: Firming Inflation Pressures to Intensify with Reopening Activity
We expect next week’s Canadian inflation report will show headline price growth jumped to 3.3% in April, in part reflecting lower bases last year when the economy closed down. Energy prices in particular came under signficant downward pressure last spring...
Week Ahead – Inflation Scare Shakes Markets, European PMIs Next
It was a wild week in financial markets. Stocks got smoked while the dollar clawed back some ground as inflation finally showed its teeth, reigniting worries about higher interest rates being on the horizon. The upcoming week seems calmer. There...
NZDUSD Gains Impetus Within Bullish Channel
NZDUSD is in the process of recapturing the ground above the Ichimoku cloud after recently bouncing off the 200-period simple moving average (SMA) around 0.7134. The flattening demeanour of the 50- and 100-period SMAs is reflecting the recent dwindling in...
Dollar Down, Futures Pare Gain after Poor US Retail Sales
Dollar is under selling pressure against after rather poor retail sales data. US futures also pare back some earlier gains and look vulnerable. Yen is currently following the greenback as the second weakest, while commodity currencies are the strongest, together...
Copper Futures Enter Bearish Phase After Record Highs
Copper futures for July delivery started a new bearish phase on the four-hour chart after their impressive rally matured near a new record high of 4.883. Having crossed below its 20- and 50-period simple moving averages (SMAs), the price is...
GBPJPY Sellers Unable To Effectively Contest Ascent
GBPJPY is edging across the 153.39 level, which happens to be the previous high. The price is obeying this border as negative pressures lack the backing to gain an advantage. That said the advancing simple moving averages (SMAs) are endorsing...
EUR/USD Approaches Key Resistance At 1.2150 Decision Zone
EUR/USD has made another bullish bounce at the 21 ema zone after breaking the resistance trend line. Price action, however, is reaching a critical resistance. The EUR/USD is expected to build a larger ABC (orange) pattern in wave 4’ (pink)....
EURUSD Awaiting Retail Sales
The euro currency is on the rise against the US dollar above the 1.2100 level after bulls were able to successfully defend critical trendline support, around the 1.2080 level. EURUSD traders are now awaiting US retail sales data, with a...
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