European indices closing higher on the day German DAX, +0.8%. France's CAC +0.3%. UK's FTSE 100 +0.3% Looking at the forex market as London/European traders look to exit shows the NZD still the strongest but off it's highest levels.
Fed officials sketch out conditions for scaling back monetary support Vice-chair Richard Clarida cites ‘progress’ towards US central bank’s goals and sees first rate increase in 2023
Robinhood Shares Jump, Like the Meme Stocks It Enabled Robinhood became a publicly traded company only last week. Its stock stumbled in its first day of trading on Thursday, finishing down more than 8 percent.Baiju Bhatt,left, and Vlad Tenev, the co-founders of Robinhood.
EURUSD trades above and below its 200 hour MA (and below the 38.2% retracement). Watch 1.18507 as close resistance now The EURUSD as seen law the move up and down today with the most recent one being to the downside after the better than expected services ISM data and Clarida comments.
Net zero targets 'unrealistic' says Oxfam report Oxfam’s chief executive said that net zero targets made by companies and governments are "unreliable and unproven".
Robinhood Stock Price Jumps as Options Trading Begins The stock nearly doubled Wednesday morning and was halted several times.
It was fast break the other way in the USD on Clarida The lower dollar turned to a higher dollar. Gold gains were reversed. Oil remains lower. Stocks are still lower He did hedge himself by saying if the expectations are not met, he would change his mind.
AUD/USD Post-RBA Recovery Remains Intact Ahead of US NFP Report AUD/USD may stage a larger recovery ahead of the US Non-Farm Payrolls (NFP) report as it extends the series of higher highs and lows from the start of the week.
EUR/USD Nosedives on Record US Services PMI, Clarida Remarks EUR/USD price action just snapped sharply lower driven by an influx of US Dollar strength following a new record high for US Services PMI data and semi-hawkish remarks from Fed's Clarida.
Fed Official Says Interest Rate Increases Could Be Warranted in 2023 Richard Clarida, the Fed’s vice chair for monetary policy, said he expected inflation and the unemployment rate to reach the central bank’s goals by the end of next year.Richard Clarida, the Federal Reserve’s vice chair.
Fed's Clarida Says Economy Could Warrant Rate Increases by Early 2023 Significant fiscal stimulus is speeding a faster economic recovery to reach the central bank’s goals, Fed Vice Chairman Richard Clarida said.
Weekly crude oil inventories show a build of 3.62M versus exp drawdown of -3.102M Weekly EIA crude oil inventory data - crude oil inventory show a build of 3.62M versus expected drawdown of -3.102M - Cushing -0.543M vs -1.268M previously
Nursing Homes Confront New Covid Outbreaks Amid Calls for Staff Vaccination Mandates With the vaccinated elderly susceptible to breakthrough infections, inoculation of workers is becoming more urgent.Tina Sandri, the C.E.O. of Forest Hills Nursing Home in Washington, D.C., receiving the vaccine in February.
US dollar rebounds after Clarida comments/ISM data Fast break the other way in the USD The USD has rebounded after Clarida's comments and better ISM data. - GBPUSD falls back below its 100 hour moving average at 100 day moving average.
Feds Clarida: Expects conditions for raising interest rates to be met by end of 2022 Fed Vice Chair Clarida speaking at the Peterson Institute for International economics
US ISM services PMI for July 64.1 versus 60.5 estimate US ISM Services PMI for July - ISM services PMI for July 2021 - 60.1 - business activity index at 67 - employment 53.8 versus 49.3 last month - new orders 63.7 versus 62.1 last month
Watch Fed Vice Chair Clarida at the top of the hour Fed Vice Chair (voting member) speaking on the US economic outlook and monetary policy
If the Food Supply Chain Collapses Will the Public Finally See Through Brexit? So is a long expected Brexit disaster finally about to happen, now that Brits believe the disruptions are past?
Markit July US services final PMI 59.9 vs 59.8 estimate Highlights of the Markit US Services PMI CLICK here
US stocks open lower as expected, but some rebound in the NASDAQ Dow trading down around 200 points In the forex, the NZD remains the strongest of the majors after the much better than expected employment reports overnight has analysts looking for a tightening as soon as the August 18 RBNZ meeting.
US stocks set to open lower Futures are implying a lower opening in the major indices Yesterday the S&P index closed at a record high of 4423.16 after a 36 point surge. The NASDAQ index gained 80.23 points.
USDJPY moves to the lowest level since May Moves lower after the ADP report The pair has now reached down to 108.75. Looking at the 4 hour chart above the next target area comes in between 1.0859 and 1.08654.