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This week, much like the last one, global cues will be of vital importance. Moreover, investors will also keep an eye on FII inflows, which has turned negative as rising bond yields are making equities unattractive.
Markit Services PMI in US rose more than expected in February. US Dollar Index struggles to stage a meaningful recovery. The economic activity in
Muted Hearing, a Volume on Trading Volume, Yellen Speaks, Sizing Up Palantir Plus, a hat tip to Nvidia and CEO Jensen Huang for the company's new cryptocurrency mining processors. I Don't Know You gotta believe in foolish miracles It's not how you play the game, it's if you win or lose You can choose - Ozzy Osbourse, Randy Rhoads, Bob Daisley (1980) What I Don't Know.... ... is why nearly every financial media outlet thought it necessary to cover Thursday's virtual House Financial Services Committee Hearing all day long. Don't get me wrong. Holding the hearings is a great idea, but te...
2/12/2021 3:40:21 PM GMT USD/JPY retreats below 105, finds support at 104.55, recovers. Chairman Powell: The US labor market remains weak. Chairman Powell: Fed has no plans for rate increases or bond program reductions. US Treasury rates move higher after Wednesday low. FXStreet Forecast Poll sees no immediate increase in USD/JPY. The USD/JPY reneged on its breakout promise this week dropping below 105 on Tuesday but support at 104.55 held on Thursday. The descending channel is increasingly distant and a declining a draw with the upper border below 103. Movement in the pair is tied to impr...
U.S. Featured Earnings Agilent Technologies Inc. (NYSE:A) (Q1) EPS projected at 89 cents, compared to 81 cents in the prior-year quarter. Occidental Petroleum Corporation (NYSE:OXY) (Q4) EPS projected for loss of 53 cents, compared to a loss of 30 cents in the prior-year quarter. Advance Auto Parts Inc (NYSE:AAP) (Q4) EPS projected at $1.93, compared to $1.64 in the prior-year quarter. TransUnion (NYSE: TRU) (Q4) EPS projected at 72 cents, compared to 66 cents in the prior-year quarter. Canada CREA Stats (Jan.) National home sales rose 7.2% on a month-over-month basis in December. Monthly...