Stocks making the biggest moves in the premarket: Moderna, Goldman Sachs, Under Armour & more
Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The biotech company announced positive interim data from a phase 1 study of its novel coronavirus vaccine candidate. Moderna said dose-dependent increases in immune responses...
The Fed Supports The Market
Last week the American market closed with a decline and failed to fully offset the drop of the beginning of the week. Futures on SP500 added 0.9% at the beginning of the week. This happens against the background of data...
EURUSD Bearish Patterns
The euro currency has a slight negative bias against the US dollar as the new trading begins, following last week’s heavy rejection from just below the 1.0900 level. Bearish head and shoulders patterns across multiple time frames are warning that...
Sterling Weak of Negative Rate Talks, Gold Extending Up Trend
Sterling stays generally weak as another week starts. The Pound was weighed down by comments from BoE chief economists Andy Haldane, who said that negative rate was “something we’ll need to look at – are looking at – with somewhat...
Top money manager cuts exposure, warns stocks are too expensive
Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the...
Negative Interest Rate Expectations Drove Markets, Risk Reversal TBC Soon
The topic of negative central bank interest rates was a key driver in the forex markets last week. Dollar ended as the strongest one against a chorus of Fed officials expressed their objection. New Zealand Dollar, on the other hand,...
UK: Keep Cautious and Carry On
Executive Summary The United Kingdom is the latest major economy to report the negative effects of COVID-19 on economic activity. Q1 GDP fell 2% quarter-over-quarter, with weakness in the services and industrial sector. In addition, March monthly GDP was very...
Weekly Economic and Financial Commentary: Q2 Likely to Be Worse for Global Economies
U.S. Review Aggregate Demand Takes a Big Hit from the Shutdowns Retail sales plummeted 16.4% in April, following an 8.3% drop the prior month. Industrial production fell 11.2% in April, with huge declines in consumer goods, business equipment and mining....
The Weekly Bottom Line: The Economic Impact of COVID-19 On Full Display
U.S. Highlights Financial markets optimism faded this week as economic data continued to show the severe damage caused by COVID-19 and social distancing protocols. Closures of non-essential businesses all around the country, coupled with mounting job losses, resulted in retail...
Forward Guidance: Canadian Consumers in Focus
Next week brings two reports that will shed some more light on how the consumer sector (more than half of Canada’s economy) has been impacted by the COVID-19 crisis. March retail sales will look a bit stale, particularly with the...
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