Sentiments seemed to have a turn as surge of coronavirus cases in the US pushed California back into lockdown. Asian markets are under some selling pressure. But the more indicative development was the sharp -2.13% decline in NASDAQ overnight. It remains to be seen if tech index is finally giving up its resilience as investors
A construction worker wearing a protective mask moves bricks to the back of a house as they resume construction on a home in Bloomfield Hills, Michigan, May 7, 2020. Emily Elconin | Bloomberg via Getty Images It is the perfect storm for the nation’s homebuilders. A sharp decline in the supply of existing homes for
Earnings season may kick-off with an upside surprise. National Securities’ Art Hogan is optimistic the banks’ second quarter results will come in better than expected and help lift stocks. “I don’t think expectations for bank earnings have ever been as low as they are coming into this quarter,” the firm’s chief market strategist told CNBC’s
Sohrab Sharma, one of the co-founders of cryptocurrency firm Centra Tech facing charges related to a $25 million initial coin offering scam, is reportedly planning to plead guilty. According to a July 13 report from Bloomberg, Sharma may avoid a November trial date as his lawyers told a federal judge he would be interested in
AUD/USD attempts recovery from 0.6938 after a three-day losing streak. Risk-positive headlines, concerning virus and Sino-US relations, recall the early-Monday optimism. Aussie NAB Numbers, Chinese Trade Balance and the US Inflation data to join risk catalysts for fresh directives. AUD/USD retraces the heavy drop from 0.6995 to 0.6938 while bouncing off to 0.6943 amid the
California rolling back reopening and the outside the lower close pressure tech talks The US stocks are ending the session with mixed/negative results. The Dow industrial average actually close marginally higher on the day. The S&P index and NASDAQ, however, reversed earlier gains and fell sharply. Contributing to the declines was the news that California
A Bloomberg video interview with Credit Agricole head of G10 FX research and strategy at Credit Agricole While we await Asian markets getting a little more active for the session, a quick watch if you are interested: If the vid does not work, link here to page For bank trade ideas, check out eFX Plus
LONDON/DUBAI: The oil market is getting closer to balance as demand gradually rises, OPEC‘s secretary general said on Monday, two days before the group and ally Russia meet to decide whether to ease output curbs from August. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting output since May
Risk appetite is generally firm today with European indices trading in black while US stocks also open higher. Rebound in oil prices help push Canadian Dollar to be the strongest one today, followed by Australian. On the other hand, Yen and Swiss Franc are generally weakest. Though, it’s a surprise that Sterling is among the
Treasury Secretary Steve Mnuchin with national debt signage in background. Tom Williams | CQ Roll Call | Getty Images The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury Department reported
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic. The company did report growth for its food items, such as Cheetos and oatmeal,
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Welcome to Technical FX Youtube Channel. In this video James the founder of Technical FX gives a tutorial on how to use the fibonacci retracement tool in theory. In part 2 releasing soon you will see this in a live market. We hope you enjoy this video and make sure you subscribe for more. ———
Discover the most effective trading strategies using Ichimoku indicator to forecast trends on Forex & stock market. In this video you’ll learn: • How to make money trading stocks and Forex market using Ichimoku indicator • What is Ichimoku and how Ichimoku cloud works in Forex and stock market • How to use and how
Jay Hao — CEO of major crypto exchange OKEx — made positive remarks about meme cryptocurrency Dogecoin (DOGE). When answering Cointelegraph’s recent inquiry concerning new Dogecoin-related OKEx features, Hao made it clear that he has a rather positive view of the cryptocurrency. He said: “Despite showing the lighter side of cryptocurrency, it is not a
EUR/JPY is reversing the recent pessimism and regains poise on Monday. The next stop on the upside emerges at last week’s peaks around 122.00. Following two consecutive daily pullbacks, EUR/JPY has managed to reclaim buying interest and advance beyond the 121.00 yardstick at the beginning of the week. If the buying interest picks up pace
GBP/USD sees early gains evaporate in fall to just under 1.2600 For bank trade ideas, check out eFX Plus The pair touched a high of 1.2666 earlier today but has since seen a retreat, after having formed a bit of a triple-top pattern just under the 200-day moving average @ 1.2701. Most notably, price action
Reaffirms that Germany’s recovery process is just beginning Industrial production has passed its lowest point Increase in received orders indicates output will pick up in the coming months But risks exist particularly in very slack demand from outside the euro area There will be GDP growth from Q3 onwards A positive takeaway from the comments