See which stocks are posting big moves after the bell on Tuesday.
Archiv für den Monat: Mai 2021
Fed’s Daly says the economy is strong, but it’s ‚way too early‘ to tighten policy
San Francisco Federal Reserve President Mary Daly said she’s optimistic about the economy but not ready to change policy.
White House unveils plans for wind farms in the Pacific Ocean off California’s coast
The White House on Tuesday announced plans for offshore wind projects in the Pacific Ocean, a step toward the administration’s goal of moving to clean energy.
Dick’s Sporting Goods earnings crush estimates as kids head back to team sports, retailer raises forecast
Dick’s Sporting Goods cited a boost from more kids returning to team sports for its sales and earnings beat during the fiscal first quarter.
Nordstrom shares fall as earnings and 2021 outlook disappoint
Nordstrom said its first-quarter net sales were down 13% relative to the same period in fiscal 2019.
Be sure to keep an eye on the Chinese yuan in the days ahead
The yuan is trading below 6.40 against the dollar
That applies to both the offshore and onshore yuan now, with the latter also breaking to its highest levels since 2018 as it trades past 6.40 against the dollar now.
That applies to both the offshore and onshore yuan now, with the latter also breaking to its highest levels since 2018 as it trades past 6.40 against the dollar now.
US futures keep slightly higher ahead of North American trading
Mixed tones in Europe but US futures are higher
European indices have shed early gains to sit a little lower and mixed on the session but US futures are still hanging on to its advance throughout the day.
European indices have shed early gains to sit a little lower and mixed on the session but US futures are still hanging on to its advance throughout the day.
US MBA mortgage applications w.e. 21 May -4.2% vs +1.2% prior
Latest data from the Mortgage Bankers Association for the week ending 21 May 2021
– +1.2%
The drop in mortgage applications in the past week owes much to a sharp decline in refinancing activity as purchases were seen a little higher compared to the previous week.
– +1.2%
The drop in mortgage applications in the past week owes much to a sharp decline in refinancing activity as purchases were seen a little higher compared to the previous week.
EUR/USD eases back under February high as dollar steadies so far today
EUR/USD falls back below the 25 February high to a low of 1.2233
The euro is struggling to build on upside momentum today and part of that reason may owe to a bit of mixed commentary by the ECB as of late.
The euro is struggling to build on upside momentum today and part of that reason may owe to a bit of mixed commentary by the ECB as of late.
Month-end is here but is there much rebalancing to be had?
How are things shaping up ahead of this month-end
In terms of FX, Citi’s preliminary estimate points to weak USD buying need with the average USD buy signal at 0.35 standard deviations. The only exception is USD/JPY with a signal that slightly exceeds 0.50 standard deviations.
In terms of FX, Citi’s preliminary estimate points to weak USD buying need with the average USD buy signal at 0.35 standard deviations. The only exception is USD/JPY with a signal that slightly exceeds 0.50 standard deviations.