Dollar Edges Lower; Trend Points Higher as U.S. Economy Recovers

© Reuters. By Peter Nurse Investing.com – The dollar handed back some gains in early European trading Wednesday as bond yields edged off highs, but remained in demand as fiscal stimulus and an aggressive vaccine rollout are seen prompting a strong U.S. economic recovery.   At 3:15 AM ET (0815 GMT), the , which tracks the […]

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Dow up 200 points. Nasdaq extends back above its 100 day moving average

S&P index also higher The comments from Feds Kashkari and Bullard, seem to have given the stock market a boost.  .  The 10 and 30 year yield are in the red now with the 10 year down -0.5 basis points and the 30 year down -3.6 basis points.   The major indices currently show: S&P index up 18.48 points or 0.49% at 3786.88 NASDAQ […]

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Dollar Edges Higher, but Trend Still Points Lower

© Reuters. By Peter Nurse Investing.com – The dollar edged higher Friday, rebounded to a degree after recent sharp selling, but this safe haven remains largely friendless as risk appetite grows. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at […]

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Copper Tops $8,000 as Goldman Points to Commodities Super-Cycle

© Reuters. Copper Tops $ 8,000 as Goldman Points to Commodities Super-Cycle (Bloomberg) — topped $ 8,000 a ton for the first time in more than seven years, with Goldman Sachs Group Inc (NYSE:). and BlackRock Inc (NYSE:). pointing to the start of a new long-term bull market as supply lags an expected demand boom. […]

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Uneven U.S. job market recovery points to need for focused fiscal aid

2/2 © Reuters. FILE PHOTO: Job seekers prepare for career fair to open at Rutgers University in New Brunswick, New Jersey 2/2 By Jonnelle Marte and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – The big decline in the U.S. unemployment rate last month suggests the economy needs less a broad pandemic relief package than targeted […]

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Key Points from the June Fed Meeting. Decisive “no” to NIRP

Let’s start from the brief recap of the Fed meeting: Key rates remain unchanged, monthly purchases of Treasuries and MBS (i.e. QE) will be carried out “at least at the current pace”; Federal funds rate will be kept in the range of 0-0.25% for an extended period of time, until the Fed “is confident that […]

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Dow Futures Drop 600 Points Amid U.S. Stimulus Uncertainty

© Reuters. By Noreen Burke  Investing.com – U.S. stock futures pointed to a sharply lower open on Wednesday after strong gains in the previous session, amid doubts over what U.S. President Donald Trump said would be “major” fiscal stimulus measures to counter the economic impact of the coronavirus outbreak. By 07:50 AM ET (1150 GMT), […]

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AUD/USD Technical Analysis: Near-Term Trend Still Points Lower

AUD/USD Technical Strategy: Flat Aussie Dollar in digestion mode after sinking to a three-week low Near-term trend bias bearish but entering short seems premature Tactical long position unattractive on risk/reward considerations The Australian Dollar is digesting losses after hitting a three-week low against its US counterpart but the overall trend continues to favor weakness. Improving […]

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