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Stocks Move Higher While Traders Wait For Fed Interest Rate Decision fxempire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxempire.com Daily Mail and Mail on Sunday newspapers.
8/4/2021 12:06:19 AM GMT | By Anil Panchal USD/CAD bulls take a breather around weekly top after three-day uptrend. Oil fails to justify geopolitical concerns relating to Iran amid downbeat inventories, covid woes. Easy Canadian PMI, firmer US Factory Orders favored bulls on late Tuesday. US ISM Services PMI, ADP Employment Change will be crucial to watch. USD/CAD seesaws around 1.2530, following a three-day rebound from the monthly low, amid Wednesday’s Asian session. In doing so, the loonie pair follows the sidelined oil prices during a quiet Asian session ahead of the key US data. That said, the quote refreshed weekly top the previous day following the second day of downbeat oil prices, not to forget softer activity data at home versus better-than-forecast US Factory Orders. ....
Tech View: Nifty50 on Tuesday formed a large bearish candle on a daily scale but analysts do not see it as a sign of weakness but consolidation in the 15,600-15,900 range. India VIX: The fear gauge jumped 6 per cent to 13.23 level on Tuesday over its close at 12.45 on Monday. Asian stocks mixed in early trade Asian shares markets were trading mixed on Wednesday as investors turn cautious by falls on Wall Street with eyes on the outcome of a US Federal Reserve meeting later in the day. MSCI s broadest index of Asia-Pacific shares outside Japan was up by 0.16 per cent. ....
Add to Bookmarks Netflix Results Put Pressure On Tech Stocks S&P 500 futures are under pressure in premarket trading as traders remain worried about rising coronavirus cases in the world while Netflix results weigh on tech stocks. The situation in India continues to get worse. Yesterday, the country reported more than 294,000 new COVID-19 cases. Latin American countries like Argentina and Colombia are also facing a strong wave of the virus. Virus-related concerns put significant pressure on airlines and other leisure-related stocks in yesterday’s trading session, and it remains to be seen whether they will be able to rebound during today’s trading session. ....