Stocks showed a lack of direction over the course of the trading session on Friday before ending the day little changed. The major averages spent much of the day bouncing back and forth across the unchanged line before closing mixed.
While the Dow edged down 8.96 points or less than a tenth of a per
U.S. stocks ended Friday's session sharply higher despite Labor Department data showing 20.5 million jobs were lost in April, with the unemployment rate rising to 14.7%, underscoring the depth of the impact of the COVID-19 pandemic on the American economy. The Dow Jones Industrial Average (DJIA) ros
Not much expected from the RBA this week, other themes in play.
Geopolitical risk is heating up between the US and Australia.
The Reserve Bank Board meets on May 5 ahead of the Statement on Monetary Policy (SoMP) which will print later on in the week on May 8.
However, it is highly unlikely tha
- Markets sentiment at the European open.
- Overview of what happened to oil yesterday and what might happen next.
- North Korean markets down overnight on succession risk.
- IBM drop 3% after market following Q1 revenue drop and removal of profit forecast.
- A look at the earnings and calendar even
Daily Pivots: (S1) 0.9675; (P) 0.9713; (R1) 0.9774;
Intraday bias in USD/CHF remains on the upside for retesting 0.9901. Firm break there will resume whole rise from 0.9181. On the downside, below 0.9602 minor support will suggest that corrective pattern from 0.9901 is extending with another fall. I
The market-based measures of inflation expectations in the US and Eurozone have declined to record lows amid the even increasing fears of a coronavirus-led recession in the global economy.
The Eurozone five year, five-year inflation swap has dropped to 0.75% while its US counterpart has slipped to
Ranges for a vast majority of our currency pairs expanded widely this week yet the expamsion is fairly normal. Prices overall are desperately trying to trade back to normal trading levels again. Targets this week are easily achievable.
Long 1.1646 and 1.1604 to target 1.2062. Must cross 1.16
Will 2020 turn out better than 2019 for the yellow metal? Gold prices don’t move in a vacuum – the macroeconomic situation definitely plays a key fundamental role. In today’s article, we’ll present the macroeconomic outlook for 2020 and you’ll learn whether the fundamentals are likely to become more
Extending the pullback seen over the course of the previous session, treasuries moved to the downside during trading on Friday.
Bond prices regained some ground after seeing early weakness but remained stuck in the red. As a result, the yield on the benchmark ten-year note, which moves opposite of i
UOB Group’s Economist Ho Woei Chen and Senior FX Strategist Peter Chia reviewed the recent signing of the ‘Phase 1’ deal between the US and China.
“The long-awaited US-China Phase One trade deal was finally signed on Wed (15Jan) by US President Trump and Chinese Vice Premier Liu He. The d
* Dollar holds steep overnight gains
* Impeachment risk recedes, Trump stokes trade-deal optimism
* Sterling nurses losses as Brexit outlook clouds
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
SINGAPORE, Sept 26 (Reuters) - The dollar found broad support on Thursday as investors welc
Iceland's economy expanded in the second quarter on household and government spending, data from Statistics Iceland showed Friday.
Gross domestic product expanded 1.4 percent year-on-year in the second quarter, reversing a 0.9 percent fall in the first quarter.
Likewise, on a quarterly basis, GDP gr
The Netherlands' business confidence was unchanged in August and manufacturers turned more positive about future activity, though they were less upbeat about the outlook for order books and the stock of finished goods, survey data from the Central Bureau of Statistics showed on Thursday.