Workers Can't Wait to Return, but Delta Variant Upends Plans As coronavirus cases rise and companies keep workplaces closed, frustrated employees can’t wait to return to their cubicles.Veronica Polivanaya in her shared workspace at home in San Francisco.
U.S. Expansion Slowed in August, Survey Shows Factories and service providers are reporting sharply slower growth due to the Delta variant and troubles in hiring and shipping.
The worries didn't last long: S＆P 500 hits another record high S&P 500 gains 42 points today The S&P 500 is up 42 points on the day to clear last Monday's record high of 4480. The next number everyone is watching is 4500, which was a year-end target for many Wall Street firms.
AUDUSD moves above the 100 hour MA Risk on flow lifts the AUDUSD back above its 100 hour MA The AUDUSD has been rebounding today after five days of declines last week. That move lower took the price from a Monday high at 0.7372 to a low on Friday of 0.71057 (267 pips in total).
Cable continues to run thru the London fix It's been a one-way trade today Last week's pessimism on global equities has turned into optimism as US covid cases look like they're close to a peak. Cable has been a great tracker for the broad risk trade this summer and with the Nasdaq back to a record, it's no surprise to see the pair jumping.
Bitcoin back above $50,000 as recovery continues The digital currency is rebounding from a deep slump as more mainstream financial firms recognise it.
Fed Chairman Powell Navigates the Inflation Debate The Federal Reserve confers this week, and Mr. Powell is expected to clarify the central bank’s position. He battles internal dissension over how to proceed, and a haywire economic recovery hampered by the Delta variant.
USD/CAD Forecast: RSI Sell Signal Emerges Ahead of Fed Symposium USD/CAD may face a pullback ahead of Fed Economic Symposium on tap for later this week as the RSI falls back from overbought territory to indicate a textbook sell signal.
Bitcoin dips back below the $50,000 level The high price reached $50,562 in trading today The price of bitcoin moved back above the $50,000 level earlier today for the first time since May 15. However, the price has dipped back below the key level over the last few minutes of trading.
Former Anchorage Restructuring Head Joins Investment Bank PJT Charles Tauber played a major role in the New York hedge fund’s investments in distressed companies.
Bitcoin Prices Pass $50,000 for First Time Since May The cryptocurrency has steadily made up ground since slumping earlier in year.
Chevron Mandates Coronavirus Vaccines for Some of Its Workers The requirement applies to employees who travel internationally and expatriates, as well as the offshore work force in the Gulf of Mexico and some onshore support personnel.A Chevron refinery in Pascagoula, Miss.
USDCAD trades lower helped by higher oil Crude oil is up 5.4% The USDCAD has pushed to new session lows as crude oil prices surge. The price of crude oil is currently up $3.34 or 5.4% $65.27. The price of crude oil fell 7 consecutive days, but is seeing a snapback rally today.
Outside bullish candle in oil speaks to the turn in sentiment around delta Time for optimism? WTI crude oil is back above $65/barrel in a sharp turn after hitting a three-month low of $61.74 earlier today. The nearly 5% rally puts a bullish outside day on the chart.
Biden to speak at 1:30 pm ET on covid-19 Something to liven up the calendar With the release of existing home sales and the Markit PMIs, the US calendar looked to be empty for the remainder of the day.
Nasdaq Price Outlook: PMI Data Eyed Ahead of Fed Symposium The Nasdaq is gaining ground during early Monday trade as markets digest disappointing PMIs and greater likelihood that the Fed does not announce a taper timeline at Jackson Hole this week.
U.S. Home Sales Rise Amid Higher Inventory Existing-home sales rose 2% in July from the prior month to a seasonally adjusted annual rate of 5.99 million, the National Association of Realtors said Monday.
FX Week Ahead - Top 5 Events: Mexico GDP; US Durable Goods Orders; ECB Meeting Minutes; US Michigan Confidence; Powell’s Jackson Hole Speech The final week of August has a relatively thin economic calendar, but the US docket is still saturated.
Eurozone August prelim consumer confidence -5.3 vs -5.0 expected August preliminary consumer confidence data
USDCHF and USDJPY rushes to the downside Dollar selling across the board The USDCHF and USDJPY opened the NY session with the USDJPY up 0.28% and the USDCHF trading near unchanged. In the last 50-60 minutes, the sellers came in to push each of the pairs lower.
Markit August US services PMI 55.2 vs 59.5 expected The Markit services and manufacturing surveys