EURUSD Sinks Below 1.1900 In Ascending Channel
EURUSD is diving further below the 1.1900 psychological level, approaching the lower surface of the upward sloping channel. The selling interest started after the pullback off the 1.2240 resistance, taking the market well below the short-term simple moving averages (SMAs) and the...
Asian Markets Soften on Surging Oil Price, Dollar Firm
The Asian markets opened the week relatively mixed. Stocks gained initially on US Senate passage of the USD 1.9T stimulus bill. But sentiments are weighed down by concerns of inflation as oil prices jumped. Dollar is firm against Yen, Euro...
Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill
Traders work on the floor of the New York Stock Exchange. NYSE Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average...
Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to...
BOC Preview: Caution over Pandemic Uncertainty while acknowledging Better-than-Projected Growth
The BOC will leave its policy rate and the size of the QE program unchanged at this week’s meeting. While there will be no press conference and updated economic projections will not be released until April, policymakers will address the...
Chinese foreign minister takes firm tone, calls for ‘non-interference’ between China and the U.S.
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — Chinese Foreign Minister Wang Yi...
Unemployment benefits end next week. It may be too late for Congress to stop it, experts say
Alex Wong | Getty Images News | Getty Images The Senate passed a $1.9 trillion coronavirus relief bill on Saturday that extends and raises unemployment benefits. Democrats will now look to get that pandemic aid bill to President Joe Biden...
10-Yr Yield Couldn’t Break Loose from 1.5 Magnet, Dollar and Canadian Soared
Strong treasury yield continued to be a major theme last week. But for now, it seemed 10-year yield could still break loose from the “magnetic field” of S&P dividend yield at around 1.5%. Indeed, US stocks, including NASDAQ staged a...
Weekly Economic & Financial Commentary: International Bond Yields Continue to Push Higher
U.S. Review Moving On Up Most of this week’s economic data came in at or above expectations, contributing to growing anxiety about how the Fed will unwind the extraordinary stimulus it put in place. The ISM manufacturing survey rose 2.1...
The Weekly Bottom Line: Coming Out of the Winter Lull
U.S. Highlights The ISM indexes diverged in February, with manufacturing improving and services falling on the month. However, both remain well in expansionary territory. Vehicle sales, meanwhile, fell 5.7% to 15.7 million (SAAR) units. U.S. job growth picked up steam...
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