Ka-Boom: Services ISM Hits Record High
Summary The ISM Services PMI surged more than eight points to 63.7 in March, signaling a record pace of expansion. The jump in the new orders and employment components is indicative of coming activity and suggests the hard-hit service sector...
Ka-Boom: Services ISM Hits Record High
Summary The ISM Services PMI surged more than eight points to 63.7 in March, signaling a record pace of expansion. The jump in the new orders and employment components is indicative of coming activity and suggests the hard-hit service sector...
WTI Futures Range-Bound But Bearish Tone Threatens Outlook
WTI oil futures are currently tackling the direct support zone of 58.86-59.58 on the four-hour chart, although remain within a ranging market between the confines of 57.25 and 62.24. The 50-period simple moving average’s (SMA) bearish incline has waned slightly...
EUR/USD Outlook: Recovery Regains Traction and Cracks Pivotal Barriers
The Euro jumped to a one-week high as the dollar was sold in early US trading on Monday. Fresh strength adds to hopes that recovery may pick up after Friday’s close in red soured the sentiment, as the pair probes...
GameStop shares drop as much as 14% after Reddit-driven name plans a $1 billion stock sale
John Smith | Corbis News | Getty Images Shares of GameStop tumbled by double digits on Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. GameStop saw...
Markets Await RBA Decision
The Australian dollar has started the week with slight gains. Currently, the pair is trading at 0.7626, up 0.25% on the day. US Nonfarm Payrolls easily outperforms Friday’s Nonfarm payrolls was expected to be strong, and NFP delivered big, with...
The 5 U.S. states where unemployment claims have recovered the most since the start of the pandemic
For the week ending on March 21, there were around 684,000 new unemployment claims across the country, according to WalletHub. That’s down significantly from April 2020, when 6.6 million first-time claims were made in just one week. But some states...
Sterling Rises in Subdued Markets, Stocks to Extend Record Runs
Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the...
EURUSD Flickers Red below 200-day SMA
EURUSD’s correction below the 200-day simple moving average (SMA) is transmitting a growing bearish tone. The falling 50-day SMA appears to be heading for a bearish crossover of the 200-day SMA as well, which would further power the negative picture....
Dow futures jump more than 100 points after blowout jobs report
Traders on the floor of the New York Stock Exchange. Source: CNBC Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout. Futures on the Dow...
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