AUD/USD: Aussie Hits New 2-Year Low on Fresh Risk Aversion
Australian dollar accelerated lower on Monday, driven by fresh risk aversion that inflated its US counterpart. The Aussie hit new two-year low and generate strong bearish signal on break through important Fibo support at 0.6758 (50% retracement of 0.5509/0.8007, 2020/2021...
WTI Oil Price Dips on Renewed Demand Worries
WTI oil price eases on Monday, after last Thu/Fri strong recovery stalled on attempts through daily Tenkan-sen (104.55). Oil came under pressure on renewed demand concerns after China had discovered first cases of Omicron variant and ordered mass testing for...
S&P 500 futures slip ahead of kickoff to earnings season
Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures dipped early Monday morning as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment...
Yen Selloff Resumes, RBNZ and BoC to Hike This Week
Yen’s selloff resumes in Asian session with USD/JPY making new recent high. The ruling coalition of Liberal Democratic Party and its junior partner Komeito scored a strong victory in Japan’s upper house elections. There might be sympathetic votes for the...
This type of ETF is seeing near-record inflows — but will it keep paying dividends?
It’s a type of ETF seeing near-record inflows. New data shows dividend exchange-traded funds totaled almost $50 billion in fresh money in the first half of 2022, according to Todd Rosenbluth of VettaF, a financial services company. “We recently did...
Euro Down on Recession Worries, Could Parity Against Dollar Provide Support for Long?
Euro ended as the worst performer last week on increasing worries of a deeper and longer recession. Selloff in the common currency also dragged down Swiss Franc, which ended as the second worst. Sterling was originally pressured by stabilized after...
Weekly Economic & Financial Commentary: Yield Curve Signals Recession on the Horizon
Summary United States: Payroll Growth Sizzles in June Despite Recession Fears June brought a strong 372K payroll gain, beating the consensus and calming recession concerns. The unemployment rate held at 3.6%. Total job openings remain highly elevated but fell by...
The Weekly Bottom Line: Job Gains Defy Recession Calls
U.S. Highlights Recession calls increased this week, but the job market begged to differ. The U.S. added 372k jobs in June, keeping the unemployment rate at its historic low of 3.6% and amplifying fears about inflation. In contrast, leading business...
Stocks making the biggest moves midday: Upstart, WD-40, Vita Coco and more
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Check out the companies making headlines...
Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday,...