Economic Modeling in the Post-COVID Era: Part II
Executive Summary As discussed in Part I of this series, the fundamental ambiguity of the current virus-driven crisis has brought a host of new challenges for economic modeling. Record volatility and persistent uncertainty complicate analysts’ ability to discern trends in...
WTI Futures Rise above 200-SMA but Broader Outlook is Neutral
WTI crude oil futures continue to rise above the Ichimoku cloud and the 200-period simple moving average (SMA), remaining inside a bullish move over the past five days. According to the RSI, positive momentum could push for further gains in the short-term as...
Lloyd Blankfein sees `bubble elements’ in markets thanks to ‘free’ money
Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on Squawk Box that low interest rates were essentially creating free...
Euro Heads Lower in Indecisive Markets, Aussie Firmer
Commodity currencies are the main drivers in the markets today, as Australian Dollar leads others higher. European majors, on the other hand turn weaker as led by Euro. Dollar and Yen are mixed for the moments, awaiting the next move...
Consumers’ ‘savings buffer’ accumulated during pandemic could help aid the economy without stimulus
Americans are saving more than ever during the pandemic, and Morgan Stanley says it may be enough to temporarily keep the economy on track after stimulus talks stalled in Washington. Morgan Stanley estimates that U.S. households have saved an extra...
EUR/USD Tests Resistance
Since Wednesday, the EUR/USD currency pair has been testing the resistance formed by the weekly R1 and the monthly PP circa 1.1782. Given that the exchange rate continues to trade within the short-term ascending channel, it is likely that some...
Stanford professor on the new remote work economy: A ‘productivity disaster’ and ‘ticking time bomb for inequality’
One of the biggest changes brought on by the coronavirus pandemic has been the inundation of working from home — and it doesn’t come without challenges. As an economics professor at Stanford University, I’ve talked to dozens of CEOs, senior managers...
EUR/USD Bullish Bias Above 1.1755
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1785 & 1.1805 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1740 & 1.1725 as targets. – advertisement – Comment A support base at 1.1755...
Yen Stays Pressured on Surging Stocks and Yields, Dollar Keeps On Defending
Yen continues to feel much selling pressure, partly thanks to strength in treasury yields, and partly due to the strong rebound in US stocks overnight. Asian markets turned mixed, however, with Hong Kong and Singapore in slight red. New Zealand...
British Pound Rises On Renewed Hopes Of A Brexit Breakthrough
The US dollar was little changed as the market reacted to the minutes of the previous Fed interest rate decision. The minutes showed that the central bank was concerned about the state of the economy now that congress had failed...
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