AUD/JPY 4H Chart: Bulls Could Prevail
The Australian Dollar has surged by 266 pips or 3.34% against the Japanese Yen since the beginning of February. The currency pair breached the 82.00 level this week. As for the near future, the AUD/JPY exchange rate could continue to...
GBP/JPY 4H Chart: Buying Signals
The British Pound has surged by 450 pips or 3.13% against the Japanese Yen since the beginning of February. The currency pair breached the 147.50 level during this week’s trading sessions. All things being equal, the GBP/JPY exchange rate is...
Equity Win Streak Comes To An End Amid Focus On Rising Yields
Market movers today Focus in the ECB minutes today will be on any discussion regarding rate cuts and strength of the euro. February euro consumer confidence is also released today. US Philadelphia Fed survey is the second regional business survey...
Fed Cautiously Optimistic about Recovery with Fiscal Support. USD Upside Limited as Accommodative Policy Remains in Place
The FOMC minutes for the January meeting revealed that policymakers were cautiously optimistic over the economic outlook. Meanwhile, it also dampened hopes of tapering. US dollar’s rebound has been driven by more upbeat economic data and rising yields. However, the...
Aussie Mildly Higher after Job Data, Oil Extends Up Trend
Australian Dollar strengthens mildly in Asian session today, as supported by another set of solid job data. But overall, trading in the forex markets is subdued. Dollar is taking a breather as FOMC minutes provided no special inspirations. The greenback...
USD/CHF Signaling Fresh Increase, 0.9000 Holds The Key
Key Highlights USD/CHF found support near 0.8870 and started a fresh increase. There was a break above a contracting triangle with resistance near 0.8935 on the 4-hours chart. EUR/USD declined below 1.2100, gold price broke the $1,800 support. The US...
Here’s what to expect from Thursday’s GameStop hearing with Robinhood, Citadel and Reddit CEOs
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known...
Homebuilder confidence improves, despite record high lumber prices
A contractor works on the basement of a home under construction in the Toll Brothers Regency at Palisades community in Charlotte, North Carolina. Luke Sharrett | Bloomberg | Getty Images Buyer demand for newly built homes continues to surge, and...
Pound Powers Higher ahead of UK Data
The latest batch of British data will hit the markets on Friday. Retail sales will be released at 07:00 GMT ahead of the PMI business surveys at 09:30 GMT. Forecasts point to relatively soft numbers, which would confirm the economy...
Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans
People count money at Macy’s Herald Square store in New York. Andrew Kelly | Reuters Total consumer debt rose to nearly $14.6 trillion as 2020 came to a close, pushed by a record-breaking rise for mortgages in the red-hot housing...
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