Dollar Rebounds as Boosted by Jobless Claims, But No Confirmation of Turnaround Yet
Dollar strengthens notably in early US session with help from another set of solid job data. Initial claims is back trending down and hit another low since 1969. 10-year yield is also recovering and could head back to 2.5 handle....
US producer prices post the biggest increase in 5 months
U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge...
Central Bank Subtleties
Key messages from the Fed and ECB were delivered in completely different fashion on Wednesday, with important implications for the market. The EU has decided to extend Brexit til October 31st, a proposal that will have to be approved by...
GBP/JPY 4H Chart: Decline Likely To Continue
The British Pound has depreciated about 3.32% in value against the Japanese Yen since the currency pair reversed from the upper boundary of a descending channel pattern at 148.78. As for the near future, it is likely that the exchange...
Gasoline likely going sky high on West Coast, but rest of US may not even see $3 this summer
California stations are selling $4 a gallon gasoline, but for drivers in most other states, unleaded gas this summer may not even reach $3 a gallon or stay there for long if it does. Rising gasoline prices were a big...
Fed Chairman Jerome Powell to meet with Democrats as Trump increases pressure on central bank
Federal Reserve Chairman Jerome Powell will meet with Democratic lawmakers at their annual policy retreat Thursday night as the central bank faces renewed political pressure from the Trump White House. Democrats invited Powell to the meeting as part of an...
Investment: The ultimate impact – systems change
Impact investment had its annual gathering at the Social Capital Markets conference in San Francisco in October. Thousands of attendees sipped kombucha, were encouraged to hug their neighbours and search their souls in the midst of serious discussions on how...
EUR/USD Bullish Continuation Despite Draghi’s Dovishness
Despite ECS President Mario Draghi’s dovishness about the Brexit and it’s weight on the eurozone’s growth the EUR/USD is still technically bullish 1.1255-65 is the POC zone which is supported by the bullish SHS pattern that point to the north....
ECB Review – Reinforcing Dovish Tone. TLTROs Details to be Announced in Coming Months
ECB shrugged off the improvement in the economic data since the last meeting, reinforcing its dovish stance and raising the likelihood of further easing measures. The focus of the meeting was arrangements for TLTRO III and the tiered deposit rate...
FOMC Minutes – Pouring Cold Water on Doves who Expect Rate Cut This Year
Contrary to the market which has been pricing in a rate cut later this year, the Fed affirmed in the minutes for the March meeting that the members’ consensus was no change in the monetary policy for the rest of...
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