Dollar Could Hold Strong Again Today
Markets Biden’s leaked $2.25tn stimulus plan supported risk sentiment on US markets yesterday. Despite ambitions to fully fund the proposal by raising corporate taxes, WS finished a tech-lead rally up to 1.5% (Nasdaq) higher. Some end-of-month rebalancing from surging value...
Aussie Tumbles in Pre-Holiday Markets, Dollar Awaits ISM
Dollar is generally firm today while selling focus turned to Australian Dollar, and other commodity currencies. It’s unsure what’s the exact catalyst for the selloff in Aussie. But recent pull back in copper price is likely one of the reasons...
Market Morning Briefing: Aussie Looks Stable
STOCKS Dow is struggling to get a strong follow-through rise above 33000 and looks vulnerable for a fall from here itself without seeing an extended rise. It will have to be seen how the market reacts to the proposed increase...
Lean into value names and trim tech positions as second quarter kicks off, Wilmington Trust says
Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the...
German Retail Sales, PMIs Eyed
The euro has recorded slight gains in the Wednesday session. Currently, the pair is trading at 1.1743, up 0.25% on the day. Will German Retail Sales lift euro? It has been a tough 2021 for the euro, which started the...
Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring
Waiter Boris Macquin serves customers behind plexiglass outside at Figaro Bistro on the first day Los Angeles County allows indoor seating since the coronavirus pandemic on March 15, 2021 in Los Angeles, California. Gina Ferazzi | Los Angeles Times |...
CFOs haven’t been this upbeat about the global economy since 2018: CNBC survey
In the U.S., a consumer that represents 70% of the economy is seen as key to a continued recovery, and confidence surged in March to its highest level since the pandemic began. cihatatceken | iStock | Getty Images Covid cases...
Pending home sales fell over 10% in February, as record low supply stifles the housing market
A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. Justin Sullivan | Getty Images The U.S. housing market is suffering from its lowest supply in history, and that...
Sterling and Loonie Rises, Dollar Shrugs ADP and Awaits Biden
Yen remains generally weak in early US session today. But buying focuses against the Japanese currency has somewhat turned from Dollar to Sterling and Canadian. Both the Pound and Loonie were lifted slightly be better than expected GDP data. On...
USD/JPY Pair Moved Further Into A Positive Zone Above The 110.00 Resistance Level
The US Dollar started a strong increase from the 108.80 support zone against the Japanese Yen. The USD/JPY pair broke the 109.00 and 110.00 resistance levels to move further into a positive zone. It even surpassed the 110.50 resistance and...
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