Netflix Bearish ABC Pullback Offers Discount In Uptrend
Some stocks are offering potential discounts within a large uptrend. For instance, Netflix (NFLX) is showing a bearish pullback after the price dropped about $85 (-15%) in recent trading. Could this be a support zone for price action and restart...
Dollar Softens Mildly as Focus Turns to FOMC Statement and Projections
Dollar trades generally soft in Asian session but losses are so far limited. The greenback is actually still staying above last week’s low against all but Yen and Kiwi. Major focus will turn to FOMC today and traders could finally...
The Fed could still move markets Wednesday even with rates on hold for the foreseeable future
Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. Mandel Ngan | AFP | Getty Images While committed to keeping interest rates...
Market volatility is set to swell after Election Day, Wells Fargo warns
September’s early volatility may be no match for what comes after the presidential election. Wells Fargo Securities’ Michael Schumacher notes volatility is set to jump following the results — not recede. “Normally, you might think that it’s Election Day or Election...
Bank of Japan to Turn Sights on Recovery Progress as Suga Takes Over as PM
The Bank of Japan is expected to hold its fire when it concludes its two-day monetary policy meeting on Thursday, keeping its emergency stimulus measures intact. However, with growing evidence that the global economic recovery from the pandemic remains on...
Fed Meeting: Justifying the Paradigm Shift
The Fed will conclude its policy meeting at 18:00 GMT Wednesday, ahead of Chairman Powell’s regular press conference half an hour later. The central bank is certain to use this meeting to explain its new inflation-overshooting regime in more detail....
The Federal Reserve will stay on hold until 2023, according to CNBC survey
Federal Reserve Chair Jerome H. Powell during a speech on March 3, 2020 in Washington, DC. Mark Makela/Getty Images In the first CNBC Fed Survey since the Federal Reserve announced its new, more dovish monetary policy strategy, respondents now forecast...
Yen Surges Broadly, Dollar and Euro Weak
Dollar trades broadly lower today but there seems to be no clear unified theme in the financial markets. Stocks are in risk-on mode, lifting the Australian Dollar. But Yen is also generally higher despite some mild recovery in treasury yields....
A snapshot of the $1.2 trillion freelance economy in the U.S. in the age of Covid-19
Svetikd | Getty Images More than one-third of the American workforce freelance amid the Covid-19 pandemic, contributing $1.2 trillion to the U.S. economy, a study by Upwork revealed Tuesday. This was a 22% increase since 2019 and it was fueled...
EUR/USD Touched 1.1900
On Monday, the EUR/USD currency pair raised to 1.1880. During today’s morning, the pair touched the 1.1900 level. It is likely that the exchange rate could trade upwards in the short run, as it could gain support from the 55-,...
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