U.S. Inflation Numbers Set the Stage for More Hikes from a Hawkish Fed
With inflation soaring, the U.S. Federal Reserve is widely expected to hike its target rate by another 50 basis points, taking it into the 1% range). And it’s not done yet. This morning’s May inflation numbers were once again above...
Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and...
GBPUSD Tumbles after Stronger US CPI Print
GBPUSD has been in a downtrend after it failed to jump beyond the 1.2600 region, generating a profound structure of lower highs and lower lows. Additionally, the price has sharply dropped beneath both the 200-period simple moving average (SMA) and...
Dollar Surges as CPI Reaccelerates on Energy and Food Prices
Dollar rises strongly in early US session after CPI data. Headline inflation reaccelerated with strong rise in energy and food prices From this perspective, there is little scope for Fed to pause tightening in September. It might instead continue its...
EUR/USD: Euro Stands at the Back Foot ahead of Today’s Key Event – US Inflation Data
The Euro is trading within a narrow consolidation in European session on Friday, but keeps negative tone, following 0.92% post-ECB drop on Thursday. The single currency lost ground as traders were disappointed by a lack of firmer signals from the...
Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a...
EUR/USD Pair Moved into a Bearish Zone Below $1.0700
The Euro started a fresh decline from the 1.0775 resistance zone against the US Dollar. The EUR/USD pair traded below the 1.0700 support zone to move into a bearish zone. The price even traded below the 1.0680 level and the...
Loss of Correlation with Stocks will Pave the Way for Crypto to Portfolios
Bitcoin was down 0.3% on Thursday, continuing to hover around $30K. This mild decline was a bonus of last month’s loss of correlation between the cryptocurrency and stock markets. Ethereum lost 0.4%, settling near $1800. Other top-10 altcoins showed mixed...
‘Buy now, pay later’ firms were already in trouble. Apple just gave them one more thing to worry about
Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” space has raised the stakes for the fintech companies...
Risk Sentiment Turns Sour ahead of US CPI
Euro’s post ECB rally was very short-lived, while market turned into risk-off mode later in US session. Negative sentiment continues in Asia today as US consumer inflation data is awaited. So far, Sterling is the strongest one for the week...