The Economic Outlook: What Could Possibly Go Wrong? Part III
Part III: Supply Constraints Drive Inflation Higher Summary In the second report of our series on economic risks in the foreseeable future, we looked at how demand-side factors could potentially lead to significantly higher inflation in the United States in...
US 30 Index’s Pullback Contested by 38.2% Fibonacci
The US 30 stock index (Cash) has found footing on the 30,047 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 26,065 until 31,284, after receding from its latest all-time high of 31,284. Yesterday’s losses...
U.S. economy closes out 2020 with lower than expected 4% gain
After a year in which a pandemic and politics posed challenges unlike the U.S. has seen in generations, the economy closed 2020 in fairly good shape. Gross domestic product, or the sum of all goods and services produced, increased at...
Jobless claims rise less than expected at 847,000 first-time applicants
A woman walks past a closed retail store for lease in the midtown area of Manhattan on January 25, 2021 in New York City. Angela Weiss | AFP | Getty Images The number of Americans who filed for unemployment benefits...
Euro Overtakes Dollar Investor Sentiment Stabilized, Near Term Support Defended
Overall, the financial markets are mixed as investor sentiment stabilized. European indices are already reversing initial losses while US futures point to higher open. Commodity currencies are staying generally weak. But buying focus is turning away from Dollar and Yen,...
The Federal Reserve doesn’t see risks to market stability, even as concern about bubbles grows
Some market pros see the frenzied short squeezes in GameStop and other stocks as signs of a bubble brewing, but the Federal Reserve doesn’t seem to and for that reason investors expect asset prices could continue to rise. Fed Chairman...
EURAUD Rallies Above 200-SMA After Double Bottom Emerges
EURAUD completed a bullish double bottom formation in the four-hour chart and spiked to a three-week high of 1.5946 on Thursday after closing comfortably above the 1.5770 neckline. The area around the 200-period simple moving average (SMA), which has seen...
The Fed Left Rates Unchanged And Noted A Slowdown In Te Recovery
Members of the Federal Reserve System left the base interest rate unchanged at the level of 0.00 – 0.25%, noting a moderate recovery of the US economy. In terms of using all available tools to support the economy during the...
How systemic change, circular economies and climate action are key to achieving green goals
From geopolitical tensions to the coronavirus pandemic and disputes over trade, modern life can often feel bewildering, insecure and disjointed. One area where there does seem to be some renewed sense of unity is the environment. Just last week, U.S....
Dollar Jumps on Sentiments U-Turn, But Upside Still Capped
The sharp turn in risk sentiments overnight pushed “safe-haven” currencies generally higher. Among them, Dollar is currently outperforming both Swiss Franc and Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. Euro and Sterling are mixed,...