DJ D-Sol drops another PR bomb
Just one day after Goldman Sachs announced a settlement with Malaysia over the 1MDB fraud, David Solomon took to the stage in the Hamptons resort east of New York to party in the character of his music loving avatar DJ...
Fed Signals Steady Course
Market movers today Q2 GDP figures are due for release in the US and Germany and will reveal the depth of the economic fallout. We look for a decline in US GDP of 30% q/q (annualised) and 7.9% q/q in...
Dovish Fed Warned that Recovery Path Dependent on Virus, Pledged to Add More Stimulus when Needed
The Fed sent a more dovish message at the July meeting, although the monetary policy, as well as the accompanying statement, stayed largely unchanged. Despite improvement of data flow, the members warned that the pace of recovery is depending on...
Yen Crosses Diverge, Dollar Tumbled after Uneventful FOMC
Dollar tumbled again overnight after the rather uneventful FOMC rate decision. But selling slowed a little bit in Asian session today. Nevertheless, the greenback remains the worst performer for the week. Commodity currencies are actually not performing well, with New...
Stocks making the biggest moves after hours: Qualcomm, Kodak, Qorvo, PayPal and more
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released...
A full recap of Fed Chief Powell’s market-moving comments on rates, economy
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Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero,...
Fed Leaves Rates at Zero, Notes Recovery’s Dependence “On the Course of the Virus”
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...
Pending home sales surge for the second consecutive month as the Realtors raise their forecast for 2020
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images Pending home sales continued to climb in June, rising 16.6% monthly since May, and increasing 6.3% since June...
NZDUSD Forms Two Bearish Technical Events
Using the “Technical Insight” research tool under the Market Analysis tab, we have identified two bearish technical events. The NZD/USD has confirmed an Inside Bar candlestick pattern and an RSI overbought reading. – advertisement – Source: GAIN Capital, Technical Insight...
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