Euro and Franc March on, Sterling Extends Slide
The rallies of Euro and Swiss Franc continue today, with much help by buying in crosses, in particular against Sterling and Aussie. The latter two are currently the worst performing ones, with Sterling as the weakest for the week too....
Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’
Jamie Dimon is bullish on the U.S. economy – at least for the next few years. In his annual shareholder letter, the long-time JPMorgan Chase chairman and CEO said he sees strong growth for the world’s biggest economy, thanks to...
Stocks making the biggest moves in the premarket: Beyond Meat, Nokia, Li Auto & more
Take a look at some of the biggest movers in the premarket: Beyond Meat (BYND) – Beyond Meat announced the opening of a new manufacturing facility in China, its first outside the United States. The plant-based food company said the...
GOLD Continues To Surge
During the second part of Tuesday’s trading, the yellow metal’s price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday’s trading, the price was trading...
Rotational Spin
US markets paused for breath overnight, with Wall Street easing slightly after a frenzied Monday session. Rotational spin was the theme of the day, and yesterday’s lucky recipient was the European Union, with markets delivering the author a slap in...
Euro and Franc Strong in Mixed Markets, Dollar Await FOMC Minutes
Euro and Swiss Franc are currently the strongest ones for the week, but overall markets are relatively mixed. The rise in Euro owes a large part to Sterling’s pull back, as well as Dollar’s weakness for now. While overall risk...
Market Morning Briefing: Dollar-Yen Has Been Dragged Down By Weakness In The Dollar
STOCKS Resistance at 33550 on the Dow is holding in line with our expectation. A break below 33000 can trigger the expected corrective fall. DAX has room to test 15500-15700 on the upside before witnessing a sharp reversal. Nikkei can...
24% of unemployed workers have been jobless for over a year
The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in Arlington, Virginia. Liu Jie/Xinhua via Getty Images ‘Breathtaking’ In all, those long-term unemployed represented 24% of the 9.9 million total...
Stocks making the biggest moves after the bell: Qiagen, Li Auto & more
An employee of a testing company Qiagen holds a test kit at Qiagen’s facility, in Hilden, Germany, September 8, 2020. Leon Kuegeler | Reuters Check out the companies making headlines after the bell on Tuesday: Qiagen – Qiagen shares ticked...
Gold Resumes Recovery, Double-Bottom Underpins
Spot gold rose to the highest in more than one week on Tuesday, resuming recovery leg from $1677 (Mar 31 low) after bulls took a breather on Monday. Fresh weakness of the dollar and US Treasury yields revived metal’s appeal...
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