AUDUSD Stretches Bullish Wave To Fresh 2 ½-Year High
AUDUSD’s impressive rally shows no signs of abating as the pair is set to explore the 0.7600 zone for the first time in 2 ½ years. The pair seems to have completed a three-step corrective cycle (a-c) and is currently...
Bitcoin Price Soars To $22,000 As Instituational Demand Rises
The price of digital currencies soared overnight as optimism about institutional demand rose. This is after One River Asset Management joined forces with Brevan Howard to invest more than $600 million into Bitcoin. Other large investors like Ark Invest and...
Dollar Extends Fall after FOMC, BoE and SNB Next
Dollar’s decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one,...
Fed Pledged to Continue QE Until “Substantial Progress” Seen in Employment and Inflation
The major changes in the December were forward guidance in the asset purchase program (QE) as well as upgrades in economic forecasts. The Fed left the policy rate unchanged at 0-0.25% and asset purchases at US$120B per month. The updated...
Fed commits to keep buying bonds until the economy gets back to full employment
The Federal Reserve on Wednesday made a key adjustment to its efforts to support the economy, while upgrading its outlook for growth. As expected, the Fed held benchmark interest rates near zero following the conclusion of its two-day meeting. Investors...
Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate
People ride scooters past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve dialed up its economic expectations slightly for the end of...
NZ Dollar Drifting ahead of GDP
It has been an uneventful day for NZD/USD. Currently, the pair is trading at 0.7074, down 0.18% on the day. However, the calm could quickly change, as New Zealand releases GDP for Q3 (21:45 GMT). New Zealand GDP expected to...
Homebuilder confidence drops from record high as rising prices hit buyers
A house under construction is seen in Culver City, a neighborhood of Los Angeles on November 21, 2020. Chris Delmas | AFP | Getty Images After three straight months of record highs, homebuilder confidence in the single-family housing market pulled...
Dollar Index Registers its Worst Year Since 2017; Eyes on 90.00 Level
The US dollar index (futures) had one of its worst years since 2017 despite the impressive rally to a 3 ½-year high of 103.79 in March. The index is set to post a yearly loss of around 7.0% and unless...
Euro and Pound Surge on Brexit Progress and Outlook, Dollar Tumbles Broadly
Sterling and Euro rise broadly today and maintain gains in early US session. Progress in Brexit trade negotiations and stronger than expected PMIs lift both currencies as well as their respective stock markets. Canadian Dollar is currently the worst performing...
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