Stocks Give Up Ground Amid Covid Curbs; Pound Remains Muted Near 2021 Lows
Equities take a breather European stock indices returned to negative territory as infections remained elevated in the region and governments reintroduced new mild measures to counter the spread of the omicron variant despite drug makers defending the efficacy of their...
Powell’s fourth major shift raises questions about the Fed’s policy credibility
Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and...
Weekly jobless claims fall to 184,000, the lowest level in more than 52 years
Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday. Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4,...
Dollar Recovers on Surprisingly Low Jobless Claims
Dollar rebounds mildly entering into US session, as supported by surprisingly good jobless claims report. Risk-on rallies in the stock markets also losing some momentum, helps lift Yen mildly. As for the week so far, Aussie remains the best performer,...
Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and others
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator issued new guidance ahead of its investor day, saying it expects a 2022 adjusted profit of $8.10 to $8.30 per share compared with...
EURUSD Survives Above 1.1300, Neutral Phase
EURUSD is retreating from the 23.6% Fibonacci retracement level of the downward wave from 1.1908 to 1.1185 at 1.1355. The price is currently testing the Ichimoku cloud and is moving towards the flat 40- and 20-period simple moving averages (SMAs)....
GBP/USD – Divergences Remain
Time for a correction? The pound has continued to push lower in recent days but continues to lack momentum, which could point to further weakness in the sell-off. The most recent low came on reduced momentum again which suggests a...
The ‘Great Resignation’ slowed down in October, while job openings jumped
A help wanted sign is posted in the window of hardware store on September 16, 2021 in San Francisco, California. Justin Sullivan | Getty Images The so-called Great Resignation lost some steam in October, with the total number of workers...
AUD/USD Outlook: Bulls Are Taking A Breather After Strong Three-Day Advance
The Australian dollar is consolidating under new two-week high, hit after nearly 2.5% advance in past three days, sparked by decision of China’s central bank to cut the amount of cash that banks must hold in reserve, as the Aussie...
Consolidation Underway
The US indices gained on Wednesday, but the gains were more contained compared to the prior sessions, as the European indices posted losses. The S&P500 added 0.30% and the Dow was up 0.10%. Nasdaq led gains thanks to the rally...