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,...
Fed Indicated that QE Tapering is Premature and Bar to Adjust Policy is High
The December FOMC meeting contained little news. However, Chair Powell sent a clear indication that tapering is “premature” for the time being and that the bar to adjust the monetary policy is higher. The Fed left all measures unchanged at...
USD/CHF Is Facing Significant Resistance Near 0.8920
Key Highlights USD/CHF started a fresh increase after testing the 0.8840 support. It is now facing a strong resistance near 0.8920 on the 4-hours chart. EUR/USD failed to surpass the 1.2200 resistance zone, GBP/USD is correcting gains. The US Gross...
Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing
A Federal Reserve police officer walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve kept its foot to the floor Wednesday in terms of the help...
Fed Chairman Powell will try to soothe markets, but that may not work
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March...
WTI Oil: Slump in Crude Inventories Boosts Bulls for Another Probe through Key 200WMA
WTI oil price jumped after data showed unexpected and sharp fall in US crude inventories which plunged 9.9 million barrels, following last week’s build of 4.3 million barrels and expectations for 0.4 million barrels rise. Today’s report from the Energy...