Stocks making the biggest moves midday: Amazon, Snap, Ford, Clorox and more
The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines in midday trading. Amazon — Shares of Amazon popped 13.5% following a stellar quarterly report. The company...
Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat
The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.
Long-term unemployment tumbles in January
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, continuing a downward trajectory from its pandemic-era peak after having...
Week Ahead – US Inflation in the Spotlight Again, UK GDP Eyed Too
The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the...
WTI Oil Rally for the Seventh Straight Week on Geopolitical Tensions and Supply Fears
WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday. Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply disruptions and continue to inflate...
Dollar Fights Back on Strong NFP and Wage Growth
Dollar is rebounding strongly in early US session following much better than expected job and wage growth. The greenback is apparently turning the tide against all major currencies, except Euro. The common currency is still the runaway winner for the...
EURCAD Rockets to Descending 200-day SMA
EURCAD bullish demeanour has strengthened significantly as the pair recently surged from the more than 5-year low of 1.4100 and is now tackling the 200-day simple moving average (SMA) at 1.4600. The longer-term 100- and 200-day SMAs endorse the broader...
EURAUD Unlocks 4-Month High Above Symmetrical Triangle
EURAUD is surging to a fresh four-month highs around 1.6175, jumping above the symmetrical triangle with strong momentum. The technical indicators are feeding prospects for a possible positive trade; the RSI is holding well above 50, while the MACD continues to strengthen in bullish territory and...
U.S. stock futures rally after earnings reports from Amazon and Snapchat
A trader works on the floor of the New York Stock Exchange. NYSE Stock futures rose in early morning trading Friday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more...
Cliff Notes: Inflation to Remain Front of Mind for Central Banks in 2022
Key insights from the week that was. The first week of February has been acutely focused on monetary policy, with last week’s US FOMC meeting followed by the RBA, BoE and ECB. Beginning with the RBA, their February meeting was...