More Pain Ahead for U.S. as Morgan Stanley Downgrades Forecasts, Calls for Deepest Recession since WW2
Airline Stocks Are Tumbling Despite a $50bn Relief Package
Airline stocks are struggling to gain investors’ confidence amid the uncertainty on the financial package that includes $25bn
COVID-19 Strikes Harder: Will the Coming Weeks Be Worse Than the 2008 Recession for America?
As the number of active COVID-19 cases in the United States continues to increase, more cause for concern arises for the economy.
U.S. Jobless Claims Surge to Record High (Since 1982)
The U.S. labour department reported a record 3.3 million Americans filed claims for unemployment last week as U.S jobless claims surge.
More Trouble for US Economy as USD Plummets and Gold Rises
Following the release of the US jobless claims, gold pushes higher in the market.
USD Loses Strength Pending the Release of Initial Jobless Claims Numbers
Just last week, the USD was riding on the greenback and rising against every other currency.
US Stock Market Stabilising as Endgame in Sight?
After experiencing panic selling in the last month and wiping off almost 35% of the value from US stock markets, short-term fundamentals have started stabilising
Boeing Stock Below $100; Goldman Says Buy the Dip
Boeing (NYSE: BA) stock price has fallen below the $100 mark for the first time since 2013 amid 737 max crises
Bleak Outlook, As Economic Deterioration Hits Home
While it is hard to keep up with the ever-changing news flow, the weekend narrative has largely focused on the economic damage the virus will inflict.
Tesla Stock Price Halved; Will Production Suspension Extend the Selloff?
Tesla (NASDAQ: TSLA) stock price lost more than half of its value in the last month alone as slowing business activities and factory closures across the world
Stock Markets Are Crashing on Panic Selling; Dow Erases All Gains Under Trump
The US stock markets are making the most volatile moves since 1987 amid increasing fear of economic meltdown
Bernanke Upbeat on Rates, Economy
The dollar received a boost following the released text of Fed Chairman Bernanke’s speech to the Economic Club of New York.
FX Consolidates Ahead of Data
The major currency pairs remained confined to narrow trading ranges on Monday ahead of key economic reports due out this week. Tuesday’s US reports consist of the Q4 current account balance and retail sales. The current account deficit is forecasted to increase to $218.0 bln, up from the previous quarter at $195.8 bln. Meanwhile, retail […]