AUDUSD falls back below MA lines. Buyers give up. Sellers take back more control. Disappoint showing up in the price action today. The price of AUDUSD has fallen back below its 100/200 hour MAs at 0.73726 and 0.7362 respectively. IN the process, the bias has shifted more to the downside for the pair.
Atlanta Fed kicks of Q3 GDP tracker with a 6.1% estimate The Atlanta Fed did a good job of forecasting Q2 This week's Q2 GDP was below the consensus estimate but at 6.5% it was virtually in line with the Atlanta Fed tracker at 6.4%.
It’s OK to Say No to More Work Remember to draw boundaries early and often — and always invoice for the forced “fun” of team-building activities.
Should You Be Buying What Robinhood Is Selling? The popular trading app isn’t the first to sell a piece of itself to its own customers. Investors who jumped on prior brokerage-firm IPOs often ended up shooting themselves in the foot.
New York Times Delays Office Return, Joining Other Companies The Times’s offices will be open for those who want to go in voluntarily, with a mandatory proof of vaccination.Companies are changing their return-to-office plans as the Delta variant causes a surge in coronavirus cases.
Walmart to Reinstate Mask Mandate for Store Workers in Counties at High Covid Risk The retail giant’s move—for U.S. counties deemed at high risk of Covid-19 transmission—is another sign that federal guidelines issued earlier this week have wide business implications.
Canada extends pandemic wage and rent subsidies until Oct 23 There will be an election before then Canadian finance minister Freeland says the government will extend wage and rent subsidies until October 23. "These subsidies have been a lifeline" for thousands of businesses and workers, she said.
USDCHF retests 100 day MA 100 day MA at 0.90733 Earlier in the session, the price moved to the lowest level going back to June 16. For the week, the high price was reached on Monday at 0.9201.
Amazon hit with $886m fine for alleged data breach The tech giant rejects claims it has broken European Union data protection laws.
US dollar pushes higher into the London fix Fixing demand for dollars evident The dollar is ending the month with a flourish, erasing some of the recent loses against the pound, euro and loonie in particular.
Here is why USD/JPY will struggle to climb higher from here - MUFG What to look for in USD/JPY For bank trade ideas, . MUFG Research discusses USD/JPY outlook and sees a limited scope for the pair to trend higher in the near-term.
It's smoky in Sioux Falls for the second day in a row. Here's what to expect Friday. - Argus Leader It's smoky in Sioux Falls for the second day in a row. Here's what to expect Friday. Argus Leader
Amazon's New Boss Stays Off the Line Andy Jassy continues Jeff Bezos’ tradition of staying off earnings calls.
Record Lumber Prices Deliver Sawmills a Windfall Forest-product firms notched record profits during the spring quarter, when wood prices surged thanks to the pandemic forest-product frenzy.
WTI crude oil nears $74 as major moving average crossover takes place Oil higher for the third straight day WTI crude oil is 29-cents higher at $73.90 in the third day of gains today. It's at a two week high and has nicely rebounded from the rout at the start of last week.
Tesla Battery Catches Fire at Utility Storage Project in Australia The fire broke out where France’s Neoen SA is installing 210 Tesla Megapacks as part of a 300-megawatt battery storage project.
USDCAD tests the low of a swing area and lowest level since July 6 The swing area come to between 1.24227 and 1.24490 The USDCAD has traded to a new week low of 1.24215. That took out a earlier low for the day at 1.24255, and also the low from July 14 at 1.24227.
Binance to Wind Down Derivatives Offerings in Parts of Europe The world’s largest cryptocurrency exchange will cease offering futures and derivatives products to investors in Germany, the Netherlands and Italy, amid a growing global crackdown by regulators.
U Mich final US consumer sentiment 81.2 vs 80.8 expected Revisions to the survey The final report is rarely a market mover. To be honest, the main report is increasingly ignored by the market because it's turned into more of a political sentiment survey.
The Tao of Snoop Dogg “Companies that get down with me know how I get down.”Snoop Dogg
Prince's Heirs, Music Publisher Seek to Make It Rain Purple---And Green Primary Wave has acquired the largest interest in the Prince estate, betting that by gaining control over the estate it can turn its assets into business opportunities.
Is the UK Back in Lockdown? Another theory about the apparent decline in UK Covid cases right after Freedom Day.
SEC to Set New Disclosure Requirements for Chinese Company IPOs U.S. regulators will require additional disclosures from Chinese companies before allowing them to sell shares in the U.S., Securities and Exchange Commission Chairman Gary Gensler said Friday.
US major indices open lower led by declines in the NASDAQ index Amazon shares are sharply lower after revenue warning Amazon shares are trading down around 7.67% or $-276 at $3322.54. Looking at the forex market, the CAD as taken over as the strongest of the majors with the USD behind it and moving higher in early New York trading.
U.S. Trade Representative's Top China Adviser Resigns Mark Wu said he is returning in August to Harvard Law School where he focuses on intellectual property issues and Chinese trade policy.
GBPUSD rotates lower after high today stalled at the high from yesterday The price is now lower on the day in down, up and down day The GBPUSD has rotated lower in what has been a down, up and back down trading day. The high for the day reached up to test the high from yesterday at 1.39827 (the high yesterday was just below that at 1.39813), and found willing sellers.
The Fed’s favorite price index rose again in June, as consumer spending came in strong. The Personal Consumption Expenditures index popped 4 percent in June from the prior year. Economists think it will begin to moderate.Shoppers at the Mall of America in Bloomington, Minn., on Tuesday.
US Dollar Little Fazed by Core PCE; Focus on Jobs ＆amp; Sentiment The US Dollar is trading broadly mixed on Friday after weakening notably earlier in the week. Core PCE data just released moves the needle little with markets focused on employment and risk trends.