GBPUSD 1.3100 Support
The British pound continues to plunge lower against the US dollar currency, as traders remain nervous over ongoing Brexit negotiations. If the GBPUSD pair fails to reclaim the 1.3200 level, the downside pressure is expected to remain over the short-term....
Yen Recovers Further as Stocks Pull Back Continues
Commodity currencies turn softer today, following pull back in stocks. On the other hand, Yen, Swiss Franc and Dollar are gaining some grounds. Euro and Sterling are mixed on the sideline. Over the week, Kiwi remains the strongest one, followed...
Stock futures are flat as traders weigh virus resurgence and its impact on the economy
U.S. stock futures were flat on Thursday night as Wall Street continues to grapple with the rising number of coronavirus cases and its potential economic impact. Dow Jones Industrial Average futures traded 32 points higher, or 0.1%. S&P 500 futures...
Here are the things that scare Jerome Powell the most about the economy right now
Federal Reserve Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the coronavirus pandemic. Asked to name his chief concerns as the world tries to recover from the Covid-19 crisis, Powell...
US: Inflation Pressures Cooled in October
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Weekly jobless claims fall again in another sign of labor market improvement
First-time claims for unemployment insurance continued their decline last week, hitting another pandemic-era low in a sign that the labor market is gradually improving. The Labor Department reported Thursday that jobless claims hit 709,000 for the week ended Nov. 7,...
Sterling Reverses after GDP, Dollar Ignores Jobless Claims and CPI
Sterling suffers notable selling today after slightly weaker than expected Q3 GDP data. Though, pull back against Euro could be a bigger driver for the profit-taking. Elsewhere, better than expected US job data and worse than expected Eurozone production data...
Vaccine Spells Trouble for Big Tech But Old Economy Stocks Surge
Stocks around the world skyrocketed on news this week that the Covid-19 vaccine being developed by Pfizer and BioNTech is more than 90% effective in protecting against the virus. That’s a very impressive number when considering that it’s much higher...
Josh Brown and friends tell you what they own in new investing book
In my 23 years as on-air stocks correspondent for CNBC, I’ve been asked many questions by strangers, but most of them boil down to some variant of “What do you think is going to happen to the markets?” Remarkably,...
EUR/GBP Outlook: Bulls Regain Traction And Signal Reversal
The cross rebounds strongly on Thursday after larger bears were rejected on probe through key supports at 0.8865 (3 Sep/9 June lows). Fresh advance is about to complete reversal pattern on daily chart after Wednesday’s action ended in long-tailed Doji....
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