Stocks making the biggest moves midday: Ford, Virgin Galactic, Chegg, Take-Two Interactive & more
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty...
Home prices see strong June bounce, but economists warn it likely won’t last
The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is...
USD/CAD Steady as Canada Manufacturing PMI Rises
The week started slowly for USD/CAD, as Canadian banks were closed for a holiday. Tuesday has started in the same fashion, with limited movement from USD/CAD. Canada Manufacturing PMI shows expansion Canada’s manufacturing sector has been hit hard by the...
Dollar Having Another Rebound Attempt, Sterling Pulls Back
Dollar is having another rally attempt today and appears to be making some progress, at least against the relatively weaker Sterling. At this point, Swiss Franc is the strongest one, followed by the greenback. Australian Dollar is also firm after...
GBPUSD 1.3130 KEY
The British pound has continued to trade above the 1.3000 level against the US dollar currency during the European trading session, as traders continue to buy any dips in the pair. GBPUSD bulls need to break the 1.3130 level to...
EURUSD 1.1840 Key
The euro currency has once again tested towards the 1.1800 level against the US dollar, as the greenback continues to suffer from a lack of overall demand. EURUSD bulls need to break the 1.1840 level to encourage technical buying towards...
USD Wobbles Despite Positive Financial Data
The USD’s resurgence seems to be taking a breather, as investors seem to worry about the new fiscal stimulus package brewed in Washington. On the flip side, it should be noted that US financial data yesterday tended to be mixed...
GBPUSD Gains Take A Blow, Positive Signals Relatively Intact
GBPUSD hit a snag after its recent appreciation reached a near five-month high of 1.3169, slightly below a significant resistance at the 1.3200 level. The minor retreat in price is mirrored in the reduced bullish slopes of the Ichimoku lines...
Aussie Firmer after RBA, Dollar Rebound Fades
Dollar turns soft again after momentum for rebound faded quickly. Euro and Swiss Franc are back in control even though they’re still generally range bound. Australian Dollar is following closely after RBA stands pat as widely expected. Recovery is still...
RBA Cautioned over Uneven and Bumpy Recovery amidst Second Wave of Outbreak. Maintained All Easing Measures
At the July meeting, RBA left the cash rate unchanged at 0.25% and maintained yield curve targeting for 3-year bonds at 0.25%. While acknowledging that economic contraction has been less severe than previously anticipated, policymakers left economic forecasts largely intact....
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