December, 2020 | Forex robots store

Borrowers looking to use Fed’s Main Street lending program run into dead end

Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash |...

AdminDec 8, 2020

Finance news

Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out

Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S....

AdminDec 8, 2020

Fundamental analysis of Forex market

US: Small Business Confidence Takes a Step Back in November

TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...

AdminDec 8, 2020

Technical analysis of Forex market

USDCAD Pauses Descent but Maintains Bearish Tone

USDCAD is trading around the 1.2782 trough, aggressively formed in October of 2018, which is freezing its negative price action, as it hits a 30½-month low of 1.2767. Nonetheless, the dictating simple moving averages (SMAs) are endorsing the predominant bearish...

AdminDec 8, 2020

Technical analysis of Forex market

US Dollar Index Holds Near 32-month Trough; Strongly Negative

The US dollar index has been in a significant bearish tendency since March 3 and last week the price posted a fresh 32-month low of 90.42. Looking at momentum oscillators on the daily chart though, they suggest an upside pullback...

AdminDec 8, 2020

Market overviews

Dollar and Yen Turn Softer as Markets Stuck in Range Trading

Trading in the forex markets is rather subdued today. Major pairs and crosses are staying inside yesterday’s range for now. Dollar and Yen turn softer. Sterling is in a weak recovery, but lacks follow through buying. It’s too hard for...

AdminDec 8, 2020

Fundamental analysis of Forex market

Yen Yawns on Strong Japanese GDP

The Japanese yen is almost unchanged in the Tuesday session. Currently, USD/JPY is trading at 104.09, up 0.04% on the day. Japan second-estimate GDP beats consensus Japan’s GDP reports have followed the trend we’ve seen across the major economies. Growth...

AdminDec 8, 2020

Central banks news

BOC Preview: Keeping Powder Dry While Reiterating Stimulus will Last For Years

After the adjustment in asset purchases in October, we expect BOC to keep the powder dry this week, at its last meeting in the year. Policymakers will caution about the rising number of coronavirus cases and economic impacts of tighter...

AdminDec 8, 2020

Technical analysis of Forex market

Elliott Wave View: GDX Ended Correction And Ready To Resume Higher

Elliott Wave view in $GDX suggests that the Gold Miner Index ended cycle from March low in wave ((2)) at 33.16. The Index has turned higher again in wave ((3)) with the internal unfolding as an impulse Elliott Wave structure....

AdminDec 8, 2020

Market overviews

Sterling Pares Losses as Johnson Decides to Travel to Brussels on Brexit Talks

Sterling pares back some of its losses as traders refused to add to bet on no-deal Brexit for now. Though, the Pound remains generally weak in Asian session today. Markets are relatively quiet elsewhere with stocks trading in mixed mode....

AdminDec 8, 2020

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Month: December 2020

Borrowers looking to use Fed’s Main Street lending program run into dead end

Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out

US: Small Business Confidence Takes a Step Back in November

USDCAD Pauses Descent but Maintains Bearish Tone

US Dollar Index Holds Near 32-month Trough; Strongly Negative

Dollar and Yen Turn Softer as Markets Stuck in Range Trading

Yen Yawns on Strong Japanese GDP

BOC Preview: Keeping Powder Dry While Reiterating Stimulus will Last For Years

Elliott Wave View: GDX Ended Correction And Ready To Resume Higher

Sterling Pares Losses as Johnson Decides to Travel to Brussels on Brexit Talks

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Month: December 2020

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