Day: June 24, 2021

Stocks Gain Ground As Traders Stay Optimistic

U.S. has just released Initial Jobless Claims and Continuing Jobless Claims reports. Initial Jobless Claims report indicated that 411,000 Americans filed for unemployment benefits in a week. Analysts expected that Initial Jobless Claims would total 380,000. Continuing Jobless Claims declined from 3.53 million (revised from 3.52 million) to 3.39 million compared to analyst consensus of …

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Dollar’s demand resurfaces ahead of key US data, BOE set for a hawkish tilt?

The US dollar clings to the recent recovery gains amid cautious optimism. Investors remain jittery amid mixed signals from the Fed policymakers, awaiting a fresh batch of US economic data for fresh cues on the Fed’s monetary policy path. Asian stocks trade mostly lower, tracking the listless performance on Wall Street overnight. The futures tied …

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