Stocks making the biggest moves midday: Snap, Intel, Moderna, Digital World Acquisition Corp and more
Getty Images Check out the companies making headlines in midday trading. Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media...
XAU/USD Outlook: Gold Surges above $1800 on Weaker Dollar and Rising Inflation Expectations
Spot gold surged to the highest levels in 1 –1/2 months on Friday, lifted by a weaker dollar and a pick-up in inflation expectations, while the rally accelerated after taking out barriers at $1791/93 (Fibo 61.8% of $1834/$1721/200DMA) and psychological...
Forward Guidance: BoC to Ease Off the Monetary Policy Accelerator
Inflation concerns will likely be front-and-center at the Bank of Canada meeting next week. Near-term GDP growth has fallen short of the BoC’s forecast, with Q2 output coming in weaker than expected. Currently, Q3 is also tracking below the bank’s...
Watch Fed Chairman Jerome Powell speak live at a Bank for International Settlements conference
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Friday to the Virtual Bank for International Settlements’ South...
Markets Staying in Consolidations, Dollar to End the Week as Worst Performer
The forex markets are staying in consolidative mode today and could remain so before weekly close. Though, that would depend on whether US stocks would surge again with powerful buying. For the week, Dollar is currently the worst performing, followed...
CAD/CHF Could Edge Lower
The Canadian Dollar has surged by 1.81% against the Swiss Franc since October 8. The currency pair tested the resistance level at 0.7492 during this week’s trading sessions. Technical indicators suggest selling signals on the 4H time-frame chart. Most likely,...
NZD/JPY Likely To Make A Pullback
Upside risks have been dominating the NZD/JPY currency pair since the beginning of October. The New Zealand Dollar has edged higher by 7.23% against the Japanese Yen during this period. All things being equal, the exchange rate is likely to...
EUR/USD Finds Support In 1.1620
The support zone of the last week’s high and this week low levels kept the EUR/USD from declining. Namely, on Thursday, the rate found support in 1.1620 and started a recovery. By the middle of the day’s European trading hours,...
GBP/USD Breaks Triangle Pattern
As explained on Thursday, all triangle patterns are eventually broken. The ascending triangle of the GBP/USD was broken to the downside. However, the sharp break out was stopped by the 100-hour simple moving average at the 1.3780 level. Afterwards, the...
WTI Oil Outlook: Bulls Are Taking A Breather Under New 7-Year High
The WTI oil is consolidating under new seven-year high, as bulls slowed on cooling demand over easing gas and coal prices and a forecast for mild winter in the US but is on track for the seventh consecutive bullish weekly...
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