Yen Striking Back as Stocks Take a Dive
Yen rebounds notably as US futures take a dive just ahead of North American session, while European index also reverse earlier gains. While Dollar is dragged down by Yen, it’s somewhat still resilient against others. Selling is mainly seen in...
EURUSD Rises as Bets of Tighter Fed Remain
The EURUSD pair soared to the highest level since January 3 as investors reacted to mixed US non-farm payrolls (NFP) data. Data published on Friday revealed that the American economy added just 199k jobs in December. That was significantly lower...
AUDUSD Forecasting The Decline After Elliott Wave Double Three Pattern
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex Pair published in members area of the Elliottwave-Forecast . As our members know, AUDUSD s is showing lower...
Dollar Failing to Ride on Hawkish Fed and Surging Yields
It was a roller coaster ride as traders came back for the new year. Markets were in full risk-on mode as worries over Omicron faded. Yet, sentiment turned after more hawkish than expected FOMC minutes. Major stock indexes were than...
Weekly Economic & Financial Commentary: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print
Summary United States: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print The Fed’s more hawkish tone in December’s FOMC minutes set the tone for financial markets this week, overshadowing the record surge in COVID infections. December’s jobs data...
The Weekly Bottom Line: Supply Chain Strains Show Signs of Easing
U.S. Highlights The U.S. economy kicked off the New Year with an unprecedented surge in COVID-19 cases. While a return to lockdowns is not expected, rising cases could lead to greater absenteeism, as workers self-isolate due to exposure, putting pressure...
Forward Guidance: Omicron Spread to Pause Canada’s Economic Recovery
A quiet economic calendar for Canada next week will keep the focus on virus developments. Provincial governments have re-introduced measures to slow virus spread, including mandated closures of high-contact services like restaurant dining rooms and gyms in Ontario and Quebec....
Stocks making the biggest moves midday: Discovery, GameStop, T-Mobile and more
These are the stocks posting the largest moves in midday trading.
GameStop shares surge as much as 20% after news it plans to launch an NFT marketplace
A person wearing a protective mask exits from a GameStop Corp. store at a mall in San Diego, California, on Thursday, April 22, 2021. Bing Guan | Bloomberg | Getty Images GameStop shares jumped on Friday after news that the video...
Citigroup will terminate unvaccinated workers by Jan. 31, a first among Wall Street banks
Pedestrians cross a road in front of a Citigroup Citibank branch in Sydney, Australia, on June 1, 2018. Brendon Thorne | Bloomberg | Getty Images Citigroup will be the first major Wall Street institution to enforce a vaccine mandate by...
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