BTCUSD $4,900 Critical Support
Bitcoin is attempting to correct higher in early week trade after the BTCUSD pair found strong support from the $4,930 level last week. Buyers need to move the BTCUSD pair above the $5,200 level in order to regain bullish short-term...
Markets Steady Ahead of Busy Week With Trade Talks, Fed, BoE, and Heavy Weight Data
The forex markets are rather quiet in Asia, as Japan starts an ultra-long 10-day holiday ahead of Imperial succession. New Zealand and Australian Dollar extends the corrective recovery started late last week, ignoring initial weakness in Chinese stocks. On the...
FOMC Preview -Fed to Reiterate Patience Rhetoric Despite Strong First Quarter Growth, Focus on Soft Inflation
Despite the pleasant surprise in the first quarter GDP growth, the Fed would still leave its policy rate unchanged at the upcoming meeting. The Fed funds rate target is expected to stay at 2.25-2.50%. Its forward guidance would stay unchanged,...
EUR/USD Rebound Could Be Capped, US GDP Impresses
Key Highlights The Euro declined to a new monthly low at 1.1110 and later recovered against the US Dollar. A crucial bearish trend line is in place with resistance at 1.1190 on the 4-hours chart of EUR/USD. The US GDP...
A bad batch of earnings is Blackstone’s biggest market risk right now
Blackstone’s Joseph Zidle is warning investors earnings season could go awry. With almost half of S&P 500 companies reporting quarterly earnings so far, Zidle believes a lot could still go wrong. He lists an earnings setback as the most legitimate...
China Weekly Letter – Xi to Visit White House ‘Soon’, Data Confirm Recovery
US and China aim for trade deal in late May March data better than expected but downside risk to April data African swine fever crisis could give significant boost to inflation Xi addresses concerns over Belt and Road Initiative at...
Worsening Inflation, Dovish Central Banks and Falling Treasury Yields
Yen and Dollar were the biggest winners last week on worsening inflation outlook, dovish central banks and falling treasury yields. Australian Dollar was the weakest one as CPI just rose 1.3% yoy in Q1 versus expectation of 1.5% yoy. The...
FanDuel and DraftKings are racing to turn gambling from your phone into a $150-billion industry
Tiger Woods of the United States celebrates after sinking his putt on the 18th green to win during the final round of the Masters at Augusta National Golf Club on April 14, 2019 in Augusta, Georgia. Andrew Redington | Getty...
Amid criticism, China’s Xi says Belt and Road project can be ‘shared by the world’
China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit. Mauricio Valenzuela | picture alliance | Getty...
Weekly Economic and Financial Commentary: Data Reaffirm Fed Patience
U.S. Review Data Reaffirm Fed Patience Economic data out the gate this week were broadly positive— U.S. real GDP grew at an annualized rate of 3.2% in Q1-2019, durable goods orders rebounded in March and the S&P 500 index reached...
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