Not a pretty day Yesterday we filled Tuesday’s gap lower. Today we filled Wednesday’s gap higher. The S&P 500 is down 65 points to 3334, or 1.9%. It’s nearly 100 points from the highs of the day. Looking at the euro, the climb on Lagarde’s comments was the ‘right’ trade, even if it didn’t change
Month: September 2020
AUD/JPY prints fifth failure to cross 50-bar SMA in the last seven days. Bullish MACD keeps the quote above 200-bar SMA. Monthly high will get the bull’s attention during the strong upside, sellers may eye August 20 low. AUD/JPY stays pressured around 77.00 amid the early Friday morning in Asia. In doing so, the Aussie
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Gold jumped 1% on Thursday, as the dollar weakened after the European Central Bank kept its policy unchanged and US jobless claims held at high levels, dimming hopes of a quick economic recovery from the effects of the coronavirus pandemic. Spot gold was up 0.7% to $1,959.93 per ounce at 11:42 a.m. EDT (1542 GMT),
Euro jumps notably as ECB insist that it doesn’t target the exchange rate, despite recent appreciation, suggesting that they’re still comfortable with the current level. The common currency also takes Swiss Franc higher with it. On the other hand, Sterling is left behind as European majors. The Pound suffers another round of selloff as EU
A worker assembles footballs at the Wilson Sporting Goods facility in Ada, Ohio, on Thursday, Sept. 3, 2020. Maddie McGarvey | Bloomberg | Getty Images U.S. producer prices rose a bit more than expected in August as the cost of services increased solidly, while underlying producer inflation continued to firm. The producer price index for
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic. The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes
The world of cryptocurrency moves at a whirlwind pace but Twitter CEO Jack Dorsey remains committed to its earliest lodestone, Bitcoin (BTC). In an interview with Reuters on Sept. 10, Dorsey, who also founded the mobile-payment platform Square, said he believes the coin’s potential still outshines later developments: “I think the internet warrants a […]
EUR/USD price action is trapped in between its key hourly moving averages The pair is sitting a little higher on the day, trading around 1.1820-30 levels in European morning trade so far but the technical bias isn’t hinting at much for now. The bounce from yesterday comes after the pair met daily support from the
NYSE:KODK rises 5.24% after a renowned investment firm initiates a new position. Investors anticipate the federal loan being released and Kodak to begin supplying the U.S. with active pharmaceutical ingredients. It has been a strange year for a multitude of reasons but not the least of which has been the sudden resurgence of Eastman Kodak
The advice also says that would allow the commission to take legal action against the UK on several grounds A thread by RTE reporter, Tony Connelly: For bank trade ideas, check out eFX Plus 1/ The advice says the UK’s attempt to override elements of the NI Protocol are a “clear breach” of the Withdrawal
NEW DELHI: Gold and silver prices were trading on a flat note in Thursday’s session ahead of European Central Bank (ECB) policy meet outcome later in the day while non-stop rise in the coronavirus cases supported the prices. The ECB is set to announce its rate decision at 1145 GMT on Thursday. Investors will watch
Sterling remains the weakest one for the week, without a doubt in the otherwise mixed forex markets. Overall risk sentiments stabilized with the overnight rebound in US stocks. Dollar has pared back much of this week’s gains together with Yen. Euro is currently the stronger one for today, as helped by cross buying against the
People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported Friday. That’s the lowest rate since
Lululemon Athletica store logo and sign in Philadelphia. Gilbert Carrasquillo | Getty Images Lululemon on Tuesday reported surprise revenue growth, despite lockdowns during the height of the coronavirus pandemic, as stores started reopening in the fiscal second quarter and consumers stocked up on workout apparel and yoga accessories. But its stock fell by more than 6% in
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