Gold Fails To Increase Buying Interest, Holds In Descending Channel
Gold has been holding in a bearish sloping channel over the last six months, developing beneath the simple moving averages (SMAs) and the Ichimoku cloud in the daily timeframe. Technically, the stochastic oscillator posted a bullish crossover within the %K...
US Dollar Little Changed As Hope Of Another Stimulus Rise
The price of crude declined slightly today after the latest rig count data by Baker Hughes and Enverous. The total number of oil and gas rigs rose by 8 last week, bringing the total to 392, which is 398 lower...
China plans to hand out $1.5 million in a digital currency test during the Lunar New Year
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city...
Risk Appetite Sends Stocks and Oil Higher, Yen and Swiss Franc Weak
Risk-on sentiments continue in Asian session today with Nikkei hitting 30-year higher, while oil prices are also back at pre-pandemic level. Yen and Swiss Franc are currently the weakest one, together with Euro. On the other hand, commodity currencies are...
Yellen says U.S. could return to full employment next year if Congress passes $1.9 trillion stimulus
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President...
Biden says $15 minimum wage won’t survive Covid relief talks, promises to push for pay hike later
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage...
More bubbles, less shorting. What the GameStop craziness could mean for the future of investing
Tiffany Hagler-Geard | Bloomberg | Getty Images The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. Most of us know the story by now: After discovering...
Dollar Rally Choked by Job Data, Spotlights Turn to Sterling and Aussie
Dollar was in a pole position to end as the strongest major currency. But disappointing non-farm payroll report gave dollar bulls a reality check as the greenback ended mixed, after late selloff. Australian and New Zealand Dollar have indeed closed...
Weekly Economic & Financial Commentary: International Growth Outlook Still Mixed
U.S. Review Better Numbers Nonfarm employment rebounded in January, with employers adding 49,000 jobs following the prior month’s 227,000-job drop. The annual revisions to the prior data provide a more accurate assessment of job losses during last spring’s lockdown, as...
The Weekly Bottom Line: A Cautiously Optimistic Week
U.S. Highlights Economic data released this week was balanced enough to re-ignite optimism in financial markets without calling into question the next fiscal support package. Job market data showed a third consecutive decline in the weekly jobless claims as well...
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