GME shares skyrocket - GameStop(theCount!)
Must be because the Fed will not be hiking soon, right? (I'm kidding).
Trade ideas thread - Thursday 25 February 2021
Fed Vice Chair Clarida says will not lift rates until we actually get to 2%
I bolded that bit about the two mandates. The Fed, and Clarida repeating it here, says they'll be responding to data but then he goes on to dismiss data with 'base effect' talk. A lot of these officials think they are much smarter than the data and
Forexlive America's FX news wrap:
For the 2nd day in a row, the Fed Chair gave testimony on Capitol Hill for 2-3 hours, and also for the 2nd day in a row, he said that inflation was likely to remain low (with some transitory increases) and that the Fed's focus on moving more toward full employment. The pandemic
US stocks close sharply higher. Dow industrial average closes at a record high
A look at the closing levels shows
Here is what’s on the economic calendar in Asia today - Thursday 25 February 2021
0000 GMT New Zealand ANZ
business survey for February, final
0030 GMT Australia capex for Q4. There have been changes made to how the survey is conducted for this release. I'll have more to come on this separately
Here we go again? GME stock halted. Up 73%
AMC shares - another once darling of the meme crowd a few weeks ago - are up 17.53% as it also moved higher into the close.
RBNZ: Welcomes direction it is received today from the Minister of finance on housing
NZ Finance Minister: RBNZ now required to consider impact on housing
The NZ finance minister Robertson is on the wires say:
The NZDUSD is extending to a new session and cycle high. The price approaches the lower end of a swing area going back to 2016 between 0.74367 and 0.74847. The price just reached 0.7432.