Dow futures slip more than 100 points, after its worst day since February
U.S. stock futures declined in early trading Wednesday following the Dow’s worst day since February as investors dumped tech shares again. Dow futures fell more than 111 points while S&P 500 futures traded 0.4% lower and Nasdaq 100 futures lost...
Elliott Wave View: USDNOK Rally Should Find Sellers
Short Term Elliott Wave structure for USDNOK suggests the decline from March 24, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 24 high, wave (1) ended at 8.149 and bounce in wave (2)...
Dollar Recovers But Not Turning Around Yet, Sterling Firm
Dollar recovers broadly today even though Fed officials sung a chorus emphasizing patience in monetary policy. Canadian Dollar is also firm with help from rebound in oil prices. On the other hand, Australian Dollar is trading generally lower together with...
Banxico Preview: Higher Inflation, But Can They Leave Rates Unchanged?
As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings. However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy. Banixco has been lowering rates since before the pandemic began. When the...
As the U.S. economy restarts from the pandemic, parts of it are severely broken
A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images The U.S. economy is trying to restart its engine after tumbling into its...
Job openings leaped above 8 million in March, a new high
A help wanted sign is displayed in the window of a Brooklyn business in New York. Spencer Platt | Getty Images Job openings popped to a record high in March as employers struggled to find workers to fill those positions,...
How to return to work — and keep getting the $300 unemployment benefit
Luis Alvarez | DigitalVision | Getty Images ‘Overlooked’ The programs are often “overlooked” as options by the public, the White House said Monday. The Biden administration highlighted them as a benefit for both employers and workers: Ailing businesses can rehire...
EURCHF Eases after a Green Spike; Indicators are Mix
EURCHF quickly recovered yesterday’s losses after touching an eleven-week low of 1.0921. The rebound helped the currency to surpass the 20- and 40-period simple moving averages (SMAs) on the four-hour chart. The RSI jumped above the neutral threshold of 50 but it...
China and US CPI and PPI: Is it Transitory?
China released both CPI and PPI data earlier and the results point to worries that inflation may pick up faster than expected. China’s YoY CPI print was 0.9% vs 0.4% in March. This is the highest reading since September 2020. ...
Euro Up on Strong Economic Sentiment, Global Stocks in Deep Red
Tech led global equities selloff is a major theme today, spreading from Asia to Europe to the US. In the background, there seems to be heightened concerns on inflation over surging commodity prices. European indexes are all in deep red...
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