AUD/USD advances in the session, despite rising US T- bond yields. The US dollar weakens, weighed on by a slower rise in Q3 GDP. US Initial Jobless Claims rose to 281K, less than the 290K expected, improving for the third consecutive week. The AUD/USD edges higher during the NewRead More →
Gold, XAU/USD, US Retail Sales, University of Michigan Sentiment, IGCS, Technical Analysis – Talking Points: Gold prices extended losses after US retail sales beat expectations Rosy University of Michigan Sentiment data could extend its losses Bearish Rising Wedge breakout continues to unfold, eyes on SMAs Anti-fiat gold prices weakenedRead More →
S&P 500 Futures regain 3,900, up 0.20% intraday, to rise for the first time in a week. US 10-year Treasury yields jump to the fresh high since February 2020. Comments from Chinese diplomat join virus, vaccine optimism to back the mood amid a light calendar. Risk-on mood gains momentumRead More →
Consumer Confidence, Nasdaq 100, COVID – Talking Points. University of Michigan consumer confidence remains suppressed COVID-19 outbreak continues to affect consumers outlook Nasdaq 100 falls after consumer sentiment report The preliminary University of Michigan Consumer Confidence Index traded at 72.8 last Friday morning, compared to expectations of 72.5. FollowingRead More →
The numbers: The step-by-step reopening of the economy and the increase in the number of people returning to work buoyed the spirits of U.S. households in early June, according to a closely followed survey of consumer sentiment. The preliminary reading of the consumer-sentiment survey rose to 78.9 in June fromRead More →
© Reuters. By Yasin Ebrahim Investing.com – Wall Street climbed on Monday, led by real estate and financial stocks as efforts to reopen the economy continued to underpin investor hopes of a quicker recovery in the second half of the year. rose 0.39%, or 98 points, the gained 0.42%, whileRead More →
By Andrew Galbraith SHANGHAI (Reuters) – Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy. Early in the Asian trading day, MSCI’s broadest indexRead More →
© Reuters. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo By Swati Pandey SYDNEY (Reuters) – Asian shares sank on Monday, the safe haven yen rose and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained overRead More →
Cannabis stocks fell for a third straight day Monday, shrugging off gains in the broader market as the bearish sentiment that has hurt the sector all summer continued to weigh. The ETFMG Alternative Harvest ETF MJ, -0.52% was down 1.1%, with 25 of its constituent stocks trading lower. The HorizonsRead More →
Bloomberg News/Landov A construction worker works on a new home for developer KB Home in Valencia, California. The numbers: U.S. home builder confidence fell two points to 64 in June, as measured by the National Association of Home Builders’ index. That missed the consensus forecast of a one-point increase. AnyRead More →
Bloomberg News/Landov Shoppers on 5th Avenue in New York City. The numbers: The preliminary University of Michigan consumer sentiment index moved higher in March for the second straight month, with the index rising to 97.8 from 93.8 in the prior month. In January, the index stood at 91.2, which wasRead More →
