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Dow Jones jumps 500 points on factory growth, Oracle rallies
• The Dow Jones surged over 500 points on Monday as factory activity expanded for the first time in over a year.• Oracle shares rallied after the company announced plans to raise…
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Fed Chair job is a very large job
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that no one is projecting a worsening of the labor market and that by midyear, the economy will have reached an…
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Canadian Dollar churns as US shutdown suspends NFP release
• CAD treads water near 1.3550 against USD as markets digest ongoing US government shutdown and suspended economic data releases.• BLS announced Friday's NFP jobs report is…
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USD/CAD rises as strong US PMI and falling Oil prices weigh on the Loonie
The Canadian Dollar (CAD) extends its losses against the US Dollar (USD) on Monday, as renewed Greenback strength and falling Oil prices weigh on the commodity-linked Loonie. At…
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Gold stabilizes after steep correction, uptrend intact amid geopolitical risks
Gold (XAU/USD) stabilises on Monday with dip-buying interest emerging after a sharp correction from last week’s surge to fresh all-time highs near $5,600. At the time of writing,…