‘This is not inflation’: Economist says expectations are unanchored from reality
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Inflation expectations are detaching themselves from reality, meaning markets might be overplaying the rise in U.S. Treasury yields, according to Carl Weinberg, chief economist...
Retail sales expected to be strong in January, helped by stimulus checks
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, December 3, 2020. Lucy Nicholson | Reuters Aided by government stimulus checks, consumers are expected to...
Stock futures flat after Dow closes at record high
U.S. stock index futures fluctuated in early morning trading on Wednesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average and S&P 500 were roughly flat by around 6 a.m. ET, while...
Asian Equities Mostly Lower
Asian equities mostly lower Equities paused the US overnight, the S&P 500 falling slightly by 0.06%, the Nasdaq falling 0.34% which the Dow Jones managed to edge 0.20% higher. The price action looks more like a correction to the cyclical...
USD/JPY Pair Is Currently Correcting Lower From The 106.22 High
The US Dollar started a steady increase from the 104.50 support zone against the Japanese Yen. The USD/JPY pair cleared the 105.20 resistance level to move into a positive zone. It even surpassed the 105.80 resistance and settled well above...
Dollar Firm after 10-yr Yield Breached 1.3, But Near Term Resistance Still Intact
The strong rally in US treasury yield overnight pushed Dollar notably higher. The greenback is indeed the second strongest one for the week, just next to Sterling. Canadian Dollar is following closely with support by resilience in oil prices. ON...
USD/CAD At Risk Of More Downsides Below 1.2500
Key Highlights USD/CAD declined below the 1.2800 and 1.2700 support levels. A major bearish trend line is forming with resistance near 1.2770 on the daily chart. GBP/USD cleared 1.3900, EUR/USD failed to surpass the 1.2150 resistance. Canada’s CPI could increase...
Black leaders share their advice on how to help Black Americans succeed
kate_sept2004 | E+ | Getty Images In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to...
Euro Down Despite Sharp Confidence Data
The euro is showing slight losses in the Tuesday session. Currently, EUR/USD is trading at 1.2110, down 0.15% on the day. German economic confidence accelerates The German economy continues to struggle under the weight of Covid-19, but there was some...
USD/TRY: Lira Cracks Key Obstacles and Rises to 28-Week High; CBRT Meeting in Focus
The USDTRY fell to the lowest in 6 ½ months on Tuesday, following break and close below psychological 7.00 support on Monday. The Turkish lira remains very attractive to investors and further acceleration could be expected. The downtrend from new...
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