EUR/CHF 1H Chart: Short-Term Increase Expected
The EUR/CHF currency pair has been trading downwards, guided by a descending trend line. Given that the exchange rate could gain support from the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could prevail in...
Falling fertility rates to trigger ‘major shifts’ in economic power, research predicts
People with colorful dresses selling and buying goods in a street market in Osogbo, Nigeria at dusk. Jorge Fernández | LightRocket via Getty Images Declining fertility rates will likely mean almost every country has shrinking populations by the end of...
EUR/USD Trades At 1.1430
On Tuesday, the EUR/USD currency pair raised to the upper line of the short-term ascending channel at 1.1410. During today’s morning, the pair broke the given line. It is likely that the exchange rate could face the resistance of the...
Dollar Tumbles as Fed Stimulus Hope Boosts Risk-On Trades
Risk-on trades dominated the US markets overnight, as Fed officials indicated the willingness to keep accommodative measures in place. Yet, sentiments turned mixed in Asian markets. Hong Kong and Chinese stocks are weighed down by US President Donald Trump’s decision...
Coronavirus vaccine is closer than the market thinks, Wharton’s Jeremy Siegel predicts
Wharton finance professor Jeremy Siegel expects a game changer. He predicts a coronavirus vaccine is closer than the market thinks. “We’ve had almost no setbacks in the schedule developing the vaccine, and I think that’s where upside surprises can occur,”...
Fed’s Kaplan says the U.S. economy will see above-trend growth in 2021
Dallas Federal Reserve President Robert Kaplan said the U.S. economic growth will accelerate next year as the country rebounds from the coronavirus crisis. “In ’21, we will see an above-trend growth, and we will continue to grind down the unemployment...
Cryptos crash but never die, and funds of funds can profit
On July 6, the Financial Conduct Authority (FCA), licensed Crypto Facilities, the largest cryptocurrency futures exchange in Europe, as a fully recognized multilateral trading facility (MTF). The company – which offers a venue for leveraged, cash-settled futures contracts to traders...
USD/CAD Quiet as US Inflation Recovers
USD/CAD continues to drift this week. On Tuesday, the pair is trading quietly at 1.3615. On the fundamental front, US inflation improved in June and beat the forecasts. There are no Canadian releases on the schedule. On Wednesday, the Bank...
WTI Oil Outlook: Concerns of Slowdown in Global Demand Recovery Pressure Oil Price
WTI oil remains at the back foot on Tuesday and establishes below $40 level, as sentiment weakened on news of new restrictions in California due to increased number of infections. Rising concerns that this would have stronger impact on demand...
Aussie May Drift Lower after Employment Report
June’s employment report for Australia is likely to catch investors’ eyes on Thursday 0030 GMT as the nation’s economy tumbled into a recession in the first half of the year. However, Australia avoided the high Covid-19 cases of other countries, recording...
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