Sterling Extends Rally, Yen Diving Continues, Euro Down on ECB Comments
Sterling rises strongly today, and overpowers Australia and New Zealand Dollar. On the other hand, Yen’s selloff continues while Dollar is following closely behind. Despite strong investor confidence data, Euro is indeed under heavy selling pressure against the Pound and...
5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Fuel prices rise after pipeline cybersecurity attack Storage tanks stand at the Colonial Pipeline Co. Pelham junction and tank farm in Pelham,...
Today, The Market Is Not Expected To Be Very Active, So Traders Are Better Off Focusing On Intraday Trading
Last week, investors were watching the changes in the U.S. Non-Farm payrolls. The report was much worse than expected, with the unemployment rate rising. But that did not stop the S&P 500 and Dow Jones indices from making new all-time...
USDJPY 110.00 Possible
The US dollar is attempting to move higher against the Japanese yen currency after bears failed to gain traction below the 108.40 level, which is the neckline of a bearish head and shoulders pattern. It is possible that the USDJPY...
Yen Broadly Lower, Sterling Rises, as a Relatively Light Week Starts
Dollar stabilizes mildly as another week starts, as selling focus temporarily turns to Yen. Both are weak nonetheless and stay near term bearish as least. Meanwhile, Sterling is trading slightly stronger in Asian session with help from recovery in crosses...
The Winklevoss twins’ Gemini exchange now lets you earn interest on your dogecoin
Cameron Winklevoss, left, and Tyler Winklevoss David Paul Morris | Bloomberg | Getty Images Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is going all in on dogecoin. Starting Sunday, the Gemini app will let clients move their...
Dollar Tumbled Broadly, Stocks Hit Record, as Data Affirmed Fed’s Patient Approach
Dollar dropped broadly last week and ended sharply lower, as the huge non-farm payroll miss gave a strong node to Fed’s patient approach. Progress could only be consider substantial as seen in realized economic data, rather than projected outlook. It’s...
Weekly Economic & Financial Commentary: Growing Pains: Extended Lead Times, Supply Chain Constraints, Difficulty Finding Labor
Summary United States: Growing Pains: Extended Lead Times, Supply Chain Constraints, Difficulty Finding Labor The unmistakable message delivered in this week’s data is that the U.S. economy could be growing even faster were it not for limited access to essential...
The Weekly Bottom Line: How Far is the U.S. Labor Market from Home?
U.S. Highlights Job growth slowed in April, with just 266k jobs created in the month. With a growing labor force, the unemployment rate edged up to 6.1% from 6.0% in March. ISM manufacturing and services indexes also pointed to slower...
Week Ahead: Coronavirus and Inflation Will Take Center Stage as Jobs Numbers are Pondered
Traders will be watching CPI and PPI from both China and the US Unless there is a prominent central bank interest rate decision, the second week of a month tends to slow down in terms of economic data. That is...
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