Dollar Softens ahead of FOMC, Fed to Release New Economic Projections
Dollar is back under pressure against and focus turns to FOMC meeting. NASDAQ managed to break 10k level for the first time, and closed up 0.29% at 9953. But DOW and S&P 500 ended lower. Mixed trading in stocks carry...
USD Continues To Slide, USD/CHF Update
The US Dollar was bearish against most of its major pairs on Tuesday with the exception of the NZD, AUD and CAD. On the economic data front, The National Federation of Independent Business’s Small Business Optimism Index rose to 94.4...
Trump wants to delist Chinese companies from U.S. exchanges. That could hurt Wall Street
A new bill that targets Chinese companies listed on U.S. exchanges could not only “backfire” on American investors, but also hurt Wall Street — which will lobby against the legislation, a Harvard professor told CNBC on Tuesday. Amid a tide of...
Job openings tumble to lowest level in more than 5 years
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters Job openings through the first full month of the coronavirus pandemic reached their lowest level in more than...
Safe-Havens (Big-Tech, Yen, Franc, Gold, Treasuries) Roar, Oil Top in Place
The stock market hot streak is over. After numerous hedge funds threw in the towel scrutinizing this historic stock market rebound, it seems now the financial markets are ready to focus on the economic recovery and when the Fed will...
Big jobs gain ‘has bought the Fed some time,’ but more help eventually will be needed
The Federal Reserve Bank building Kevin Lamarque | Reuters In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wiggle room before its next policy move. Markets will...
USDCAD Rebounds on 3-Month Low, Surpassing 20-Period SMA
USDCAD has been in declining movement over the last month but is currently trading above the three-month low of 1.3360. The stochastic oscillator is approaching the overbought zone; however, the RSI is pointing down after the touch on the neutral...
Risk Markets Setting Stage for Pullback, But To Be Confirmed
Yen and Swiss Franc rise broadly today as global stock markets look set for a pull back after recent strong run. Major European indices are trading generally in red while US futures point to a lower open. On the other...
US Futures Dip, Watch M, TIF, PCG, CHK, HDS, CASY
The S&P 500 Futures are losing ground after they charged higher yesterday as investors’ appetite for risky assets was boosted by the Federal Reserve’s announcement of widening its Main Street lending program. For a second straight session the Nasdaq 100...
Auto loan payments soared to yet another record in the first quarter
Customers inspect a Fiat Chrysler Automobiles NC Dodge Grand Caravan minivan at a Carvana Co. location in Westminster, California, U.S., on Thursday, May 28, 2020. Patrick T. Fallon | Bloomberg | Getty Images As the coronavirus was spreading from China...
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