Shareholder class-action lawsuits against post-merger SPACs hit 15 through the first half of 2021, tripling from just five cases in all of 2020.
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Strong jobs report is not a game changer for Fed policy, Wells Fargo suggests
Wells Fargo Securities‘ Michael Schumacher believes it’s premature to assume July’s strong numbers will push the Fed meaningfully closer to tapering.
Dow falls 100 points, retreating from Friday’s record
Oil prices dropped on Monday, building on last week’s losses, as rising Covid cases caused concern of a slowdown in demand.
How virtual reality will change trading for pros and everyone else
Virtual reality and augmented reality tools are coming to professional and retail traders, and other financial professionals as well as their clients.
Markets Week Ahead: Dow, Gold, Oil, US Dollar, Yen, Inflation, Covid
Markets were relatively quiet despite some bouts of volatility last week. The Dow hit a fresh record high and the US Dollar strengthened while gold and oil plunged. Inflation and covid risk eyed.
Nasdaq 100 Index Forecast: Eyeing 15,300 With Upward Trajectory Still Intact
The Nasdaq 100 index may be challenging a key resistance level at 15,300 this week amid an upward trend. The MACD indicator edged lower however, suggesting that momentum may be weakening.
Mexican Peso Weekly Forecast: USD/MXN on the Lookout for Banxico Meeting and Fed Commentary Post NFP
USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum
Treasury yields rebound stalls to start the week, what’s next?
10-year Treasury yields fall back to 1.28% so far today
The bond market is at a crossroads now after the double-bottom rebound at 1.13% looks to be stalling at the critical 1.30% level as well as the 200-day moving average (purple line), after having seen a strong push on Friday following the NFP report.
The bond market is at a crossroads now after the double-bottom rebound at 1.13% looks to be stalling at the critical 1.30% level as well as the 200-day moving average (purple line), after having seen a strong push on Friday following the NFP report.
Fed on track to taper by year-end – UBS
UBS reacts to Friday’s solid non-farm payrolls report
The firm comments that:
“ Payrolls are 5.7 million below their pre-pandemic peak and that gap is narrowing month by month. The recent increase in COVID-19 case counts adds some uncertainty to the outlook, but we still expect strong job growth in the months ahead.“
Adding that by year-end, there should
The firm comments that:
“ Payrolls are 5.7 million below their pre-pandemic peak and that gap is narrowing month by month. The recent increase in COVID-19 case counts adds some uncertainty to the outlook, but we still expect strong job growth in the months ahead.“
Adding that by year-end, there should
PBOC says will keep yuan exchange rate basically stable
PBOC remarks in its Q2 monetary policy implementation report
Those are the key points to note, which just reaffirms their policy stance over the past few months. When it comes to these, China tends to preempt any imminent changes so the repeat of the commentary above means no change is expected for now.
Those are the key points to note, which just reaffirms their policy stance over the past few months. When it comes to these, China tends to preempt any imminent changes so the repeat of the commentary above means no change is expected for now.