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ECB’s QE Program Boosting Triggers A Rally In Commodities
Commenting on the ECB boosting its QE Program and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more ECB Boosts Its QE ProgramThe major indices are mixed and flat at midday despite yesterday’s broad selloff and a bearish overnight session, as stocks bounced in early trading. The European Central Bank (ECB) held its monetary meeting this morning and, in line with the latest rumors, it boosted its quantitative easing (QE) program by roughly $620 billion, triggering a rally in growth-sensitive commodities. All eyes will be on the FDA this ...
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ECB Chief Christine Lagarde Praises Digital Euro While Rejecting Stablecoins
Today most of the leading central banks of the world are concerned about the efficiency of CBDCs for their countries. Several trials have been conducted in order to examine how effectively the Central Bank Digital Currency works and whether it will take part in the financial recovery after the pandemic lockdown. The idea of implementing citadel currencies was first introduced a year ago, back when nobody knew anything about deadly coronavirus and its impact. Now as the world has already seen the need to switch to the digital field in literally every sector, central banks are getting ready to d...
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Tech Stocks Bounced Back As The Vaccine-Related Optimism Cooled Down
Commenting on vaccine-related optimism cooling down and today’s trading, Gorilla Trades strategist Ken Berman said:Q3 2020 hedge fund letters, conferences and moreThe Vaccine-Related Optimism Cools DownThe major indices are all trading higher at midday despite a mixed morning session on Wall Street, but the Nasdaq continues to be decoupled from the Dow and the S&P 500. The tech sector and mega-cap tech stocks, in particular, bounced back following two negative sessions, as the vaccine-related optimism cooled down amid the continued exponential spread of the virus in the U.S. and Europe. The S&...
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Pinterest Blowout Earnings Buoyed The Tech Sector
Commenting on the third quarter earnings of Pinterest and today’s trading, Gorilla Trades strategist Ken Berman said:Q3 2020 hedge fund letters, conferences and moreThe Blowout Quarterly Earnings Of PinterestThe major indices are all trading higher at midday, erasing some of yesterday’s steep losses following a weak overnight bounce in risk assets. The blowout quarterly earnings of Pinterest (PINS, +33.9%) buoyed the tech sector, and with Apple (AAPL, +2.6%), Amazon (AMZN, +0.8%) , Google parent Alphabet (GOOG, +2.2%), and Facebook (FB, +5.1%) will all report today after the bell, bulls are ho...
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ECB Is Not Worried About The Euro’s Recent Appreciation
Commenting on ECB’s statement on the euro’s recent appreciation and today’s trading Gorilla Trades strategist Ken Berman said:Q2 2020 hedge fund letters, conferences and moreECB's Statement On The Euro's Recent AppreciationThe major indices are mixed and flat at midday following a hectic morning session on Wall Street. The European Central Bank’s (ECB) monetary meeting was in the spotlight in early trading, and the band delivered a slightly hawkish message, stating that the ECB is not worried about the euro’s recent appreciation. The ECB’s message and the strong U.S. economic releases of the p...
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