Cryptocurrencies
Japanese Yen Punches Past 136
After a quiet start to the week, the US dollar is again rallying against the hapless Japanese yen. USD/JPY is currently trading at 136.18, up 0.78% on the day. The yen is trading at its Read more…
Cryptocurrencies
What’s Going on with Gold?
Gold has been unable to take advantage of the modest weakness we have seen in the US dollar in the past few days with the metal holding below $1840 at the time of writing. The Read more…
Cryptocurrencies
Stock Market Today – 6/21: Stocks Surge As Bond Yields Ease, But Recession Concerns Linger
Stocks look set to rebound firmly from their worst week in more than two years, but traders remain worried about near-term recession risk and are closely-eying moves in Treasury bond yields. U.S. equity futures rebounded Read more…
Cryptocurrencies
Local Retreat in Gold
Despite attempts at rebounding equity markets, moderate pressure on gold has persisted for the third consecutive trading session. This pressure is directly linked to rising long-term bond yields on US debt and several other developed Read more…
Cryptocurrencies
RBA’s Lowe Signals 50-bps Hike
It continues to be a quiet week for the Australian dollar, in sharp contrast to last week’s roller-coaster ride. AUD/USD has edged higher today, as the market response to the RBA minutes and a speech Read more…
Cryptocurrencies
EUR/USD: Recovery Continues to Face Strong Headwinds from Thick Daily Cloud
The Euro advances for the second consecutive day and cracks strong resistance provided by the base of thick daily cloud (1.0569) reinforced by converged daily Tenkan-sen/Kijun-sen. Recovery was already rejected under the cloud base last Read more…
Cryptocurrencies
Kellogg Stock Surges Amid Plans to Split Iconic Cereal Maker Into Three Separate Companies
“These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities,” said CEO Steve Cahillane. Updated at 7:37 am EST Kellogg (K) Read more…
Cryptocurrencies
Interest Rate Market Seeks More Buyers
U.S. treasuries could see more non-Fed buyers over the remainder of this year and into 2023 to compensate for reduced purchases by the Federal Reserve. The U.S. Treasury market could see more buyers step up Read more…
Cryptocurrencies
Five IRA Rules for Spouses
Getting married changes the rules around IRAs — sometimes for better and sometimes for worse. Here’s how the rules work for spouses, and the strategies for dealing with them. By Sarah Brenner Wedding season is Read more…
Cryptocurrencies
Spirit Airlines Stock Soars As JetBlue Sweetens Takeover Bid to $3.65 Billion
“Spirit is continuing to engage in discussions with JetBlue and is continuing to work with Frontier under the terms of the existing merger agreement between Spirit and Frontier,” the carrier said in a statement. Spirit Read more…