Stocks making the biggest moves in the premarket: F5 Networks, UPS, Sirius XM and more
Take a look at some of the biggest movers in the premarket: F5 Networks (FFIV) – F5 beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker’s revenue topped analysts’ forecasts as...
Asia Equities Mixed
Markets calm after China slide A sense of calm has returned to Asia today as the China sell-off has abated and investors pause for breath and reflection. Overnight, the S&P 500, Nasdaq and Dow Jones traded sideways to be almost...
NZDUSD Very Bullish
Technical analysis The NZDUSD pair has broken above the psychological 0.7000 level and the mid-line of the upper daily Bollinger Band, which is now located around the 0.6985 support area. Bulls could be preparing to take the NZDUSD pair towards...
Dollar Soft in Quiet Markets, European Majors in Control
The forex markets are rather quiet in Asia, with major pairs and crosses stuck inside yesterday’s tight range. Risk sentiments are mixed. While US indexes extended the record runs overnight, Asian index are struggling, as dragged down by extended selloff...
Stock futures are flat ahead of Big Tech earnings
A trader works inside his post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Stock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies. Futures on the...
Housing boom is over as new home sales fall to pandemic low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single family homes...
Fed Meeting: Slowly Getting the Taper Ball Rolling
The Fed will conclude its latest meeting at 18:00 GMT Wednesday. It will be a tricky one, as Chairman Powell will need to balance a strong US economy against fears of a sharp slowdown in emerging markets. As for the...
Currency Pair of the Week: DXY
Big earnings, an FOMC meeting, important economic data, the track of the coronavirus, and the infrastructure bill could provide movements of the US Dollar index Although the US Dollar Index is (DXY) not a currency pair, the index has the...
FOMC Preview – Policy Stance to Stay Intact Despite Surging Inflation
With no updates on median dot plots and economic projections, the focus of this week’s FOMC meeting would be the policy statement and the press conference. Since the June meeting, inflation has continued to accelerate. Market optimism was, however, overshadowed...
Sterling Rises on Falling Delta Infections, Dollar Softens
Sterling rises broadly today despite dovish comments from a BoE policymaker. Sentiment towards the Pound is likely support by declining trend in delta variant infections. Other European majors are also firm together with Yen. On the other hand. Dollar is...
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