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...
Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more
A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Tesla — Shares rose about 2.2% after UBS upgraded the electric vehicle...
US CPI Preview – A Playbook on the Worlds Most Important Data Point
With the world so myopically focused on global inflationary trends, the clear focus now falls on tomorrow’s (22:30 AEST / 13:30 BST) May US CPI report – arguably the most important economic release on the calendar The market expects US...
WTI Oil Futures Approach Crucial Territory; Bias Bullish
WTI oil futures (July delivery) extended their series of higher highs up to $123.15 on Wednesday before easing a bit – the highest in three months – aiming to mark a fourth consecutive week of wins. The 78.6% Fibonacci retracement...
Stock futures are flat on Wednesday evening
Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose.
Australia Dollar Dips as Rate Rally Fizzles
The Australian dollar has reversed directions on Wednesday and is slightly lower. AUD/USD is trading at 0.7209, down 0.28% on the day. Aussie runs out of steam The RBA surprised the markets with a supersize rate hike of 50bp yesterday,...