Stock futures are flat after S&P 500 notches third straight week of gains
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones...
As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, Morgan Stanley and Goldman Sachs are among the firms...
Yield Curve Inversion, Stocks Rallied, Euro Rebounded
There were a couple of developments of last week to note. Firstly, US yield curve inverted for the first time since 2019. There is no reason to panic for the moment, but deeper inversion could set the tone in the...
Weekly Economic & Financial Commentary: Soaring Price Gauges Turn Up the Pressure on the Fed
Summary United States: Soaring Price Gauges Turn Up the Pressure on the Fed The Fed’s difficult job got harder this week. Its preferred inflation gauge set another fresh 40-year record high, while the ISM prices paid measure shot up 11.5...
US: ISM Manufacturing Index Registers 22nd Consecutive Month of Expansion
The March ISM manufacturing index registered 57.1, missing expectations of a 59.0 print. The index fell 1.5 percentage points from the February reading of 58.6. New orders fell by 7.9 percentage points to 53.8, while new export orders fell by...
Economy added 431,000 jobs in March despite worries over slowing growth
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was...
EUR/USD Pair Started a Fresh Decline from $1.1180
The Euro started a fresh decline from the 1.1180 resistance zone against the US Dollar. The EUR/USD pair declined below the 1.1120 level to move into a short-term bearish zone. The price even traded below the 1.1100 level and the...
GBPJPY is Back to Gains; Broader Outlook is Bullish
GBPJPY is gaining some ground again after three consecutive red days with the technical indicators endorsing this view. The RSI is heading up in the positive region and the MACD is looking highly elevated above its trigger and zero lines. However, the...
USDCAD Rebounds Off 1.2450 But Remains Below Uptrend Line
USDCAD has been heading south over the last two weeks, reaching the 50.0% Fibonacci retracement level of the up leg from 1.2000 to 1.2960 at 1.2482. The price also declined beneath the long-term uptrend line and the 200-day simple moving...
US 30 Keeps High Ground
The Dow Jones 30 retreats on profit-taking as the first quarter draws to an end. A bullish MA cross on the daily chart suggests that the rebound is picking up steam. The index hit resistance around 35400 and went horizontal,...