EUR/USD Could Struggle Near 1.1800, Dollar Consolidates
Key Highlights EUR/USD started an upside correction from the 1.1680 region. A major bearish trend line is forming with resistance near 1.1755 on the 4-hours chart. GBP/USD is facing an uphill task near 1.3750 and 1.3800. Gold price remains at...
Stock futures rise in overnight trading after market ends wild week in the green
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures climbed in overnight trading on Sunday as investors braced...
Here’s what Robinhood executives allegedly said internally at the height of the GameStop short squeeze
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were...
Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options
Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts...
Yen Dropped Broadly as Treasury Yields Jumped on Hawkish Fed
Yen’s fortune reversed last week as US treasury yields accelerate up after hawkish FOMC meeting and projections. US stocks also display strong resilience and closed generally higher, reversing prior losses. Sterling, on the other hand, shrugged off hawkish BoE voting...
Weekly Economic & Financial Commentary: Tapering “May Soon Be Warranted”
Summary United States: Housing Data and FOMC Outcome Show Economic Recovery Still Intact The FOMC left monetary policy essentially untouched, but hinted at a forthcoming taper of bond purchases. Housing data for the month of August came in mixed, but...
The Weekly Bottom Line: More Fiscal Stimulus On The Way
U.S. Highlights Housing starts surprised to the upside in August (rising 3.9%), powered by gains in the multifamily segment. Solid data out of the housing sector and reassuring words from the FOMC confirm that the economic recovery is well under...
Week Ahead: US Debt Ceiling, Evergrande, and An Impending Energy Shortage
There was a barrage of central bank meetings last week, with the FOMC and the BOE having the most market impact. Watch for the volatility to continue this week. In addition, there will be plenty of storylines to follow, including...
Week Ahead – Risks Haven’t Gone Away
Are investors getting complacent? The next few months are going to be extremely interesting in the markets, with central banks becoming less comfortable with the level of stimulus they’re providing, economic recoveries slowing and market risks mounting. Evergrande has come...
Evidence still missing that end of extra unemployment pushed people back to work
A person reads a list of employers as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. PATRICK T. FALLON | AFP | Getty Images There remains little evidence that states successfully nudged people...
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