A batch of very strong US economic data shoots DOW futures sharply higher ahead of open. Retreat in 10-year yield is also helping sentiments mildly. But Dollar is having little reaction so far, except recovery mildly against Euro and Swiss Franc. Australian Dollar is now the strongest one for today, as supported by upbeat job
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images Government stimulus programs aimed at reducing suffering during the coronavirus pandemic have left consumers flush with
In this article BAC Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported first-quarter earnings that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan loss reserves as fewer consumers defaulted on loans than expected because of the pandemic. Here are
Update: Bank stocks continue to be boosted by strong earnings as Bank of America and Citigroup beat the street. But in a case of buy the rumour sell the fact both stocks and the financial sector are actually down on Thursday. Tech rallies back having taken a breather on Wednesday. Strong retail sales data supports
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
No new records today as investors focus attention on Coinbase debut The US stocks are ending the session with mixed results. The Dow did snap eight to date losing streak, but the S&P and NASDAQ index both close lower with the NASDAQ index taking on most of the downward heat. The S&P index reached a new all-time intraday
KOLKATA: Soybean processors have sought the intervention of markets regulator Sebi and National Commodity & Derivatives Exchange (NCDEX) to arrest the rise in soybean prices. They suspect that speculators are rigging prices as currently there is no mismatch in demand and supply of the agri-commodity which is used to produce oil and animal feed. The
Dollar remains generally pressured in Asian session, as selling appeared to have taken off overnight. J&J’s vaccine saga is raising some concerns that it would take longer for US to achieve herd immunity. Or, at least, it’s not brightening the outlook. On the other hand, New Zealand Dollar jumps broadly after RBNZ rate decision, taking
In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares were falling around 1% in premarket trading. The big-box retailer reaffirmed
AUD/USD fails to keep Aussie employment-led gains amid risk-negative headlines concerning China. S&P 500 Futures ease from record top, US dollar bounces off three-week low. US Retail Sales, risk catalysts will be the key. AUD/USD holds lower ground near the intraday low of 0.7718 during its latest pullback moves on early Thursday. In doing so,
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Shares of digital currency exchange Coinbase (COIN) opened at $381 Wednesday — significantly higher than its pre-listing reference price of $250 — underscoring heightened institutional demand for the crypto-focused stock. The $381 value put Coinbase’s market capitalization at $99.6 billion on a fully diluted basis. The stock peaked at $429.54 for a gain of 71.8% from the
Oil flirts with a break $62.27 is the level to watch in WTI crude today. That was the late-March high and a break above could signal the end of the consolidation period from there to $57.41 over the past three weeks. Crude is currently trading up $$2.11 to $62.47 and bouncing around on either side
USDCAD finds sellers on the test of the converged 100/200 bar MA on the 4-hour chart. The USDCAD has traded mostly between 1.25203 and 1.2628 (108 pips) going back to March 23 (3-4 weeks). The larger range (including extremes) have seen the price bottom at 1.2501 and a high at 1.26466 (145 pips). Looking at
Changes to margin rules by Sebi have impacted trading volumes across asset classes over the past few months. While the move is aimed at preventing brokers from providing excessive leverage to traders, limiting risk and protecting retail investors, margin funding is an important tool for smaller brokers and some market participants say further tightening of
The financial markets are generally steady today, as European indices are mixed in tight range. US futures point to slightly higher open, as S&P 500 could extend record run. Gold and oil are both still range bound. In the currency markets, Aussie and Kiwi continue to trade as the strongest ones for today, followed by