US 30 Extends All-Time High
The Dow extended gains to an all-time high as investors rebalance assets away from over-stretched growth stocks. The index continues to grind higher along with the 20-day moving average as a sign of optimism. Following its breakout above the 33700-34250...
DOW Hit Record, Dollar Sold off, Focus Turns to Non-Farm Payrolls
Return of risk-appetite pushed DOW to new record overnight while Asian markets also firm up. Dollar was under some selling pressure, but it’s still kept in range against except versus Swiss Franc and Canadian Dollar. Focus will turn to non-farm...
Stock futures are flat ahead of key April jobs report
Shannon Stapleton | Reuters Stock futures traded mostly flat Thursday as investors awaited Friday’s highly anticipated jobs report to assess the pace of the labor-market recovery. Dow futures were down 34 points, while contracts tied to the S&P 500 ticked...
April jobs expected to top 1 million as consumers boost the economy
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28, 2021. Bridget Bennett | Reuters Job growth in April could top 1 million, though many positions also may have gone...
Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen | Xinhua via Getty Images Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial...
USDCHF Echoes Bearish Objectives with its Deep Pullback
USDCHF is trying to break below the 200-day simple moving average (SMA) around the 0.9085 mark, a point at which the 100-day SMA is currently trying to complete a bullish crossover. The 50- and 100-day SMAs are promoting a neutralising...
BoE Slows Pace of QE but Pound Yawns
In Thursday trade, the pound lost ground but has recovered. In the North American session, GDP/USD is trading at 1.3898, down 0.02%. BoE to slow pace of QE The Bank of England announced at its policy meeting that it would...
BOE Predicts Economy to Expand at Strongest Pace since WWII; Announces QE Tapering from this Month
At today’s meeting, the BOE voted unanimously to leave the Bank rate unchanged at a record low of 0.1%. Meanwhile, the central bank voted 8-1 to keep the asset purchase program at 895B pound, of which 875B pound is government...
Jobless claims tumble below 500,000 in another sign the labor market is getting closer to pre-pandemic levels
The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance dipping below 500,000 for the first time since the pandemic crisis. Initial claims totaled 498,000 for the week ended May 1, against the Dow Jones estimate...
Inflation Risk Supports Gold and Silver
An increasing number of companies gave warning for supply shortage which force them to raise prices. Manufacturers and producers from various industries such as semiconductors, lumber and cotton scramble to replenish stockpiles to keep up with demand and higher input...
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