Critics slam the Fed as home prices rise at a historic rate
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation,...
Tax-refund phishing scam targets college students and staff, IRS warns
Visoot Uthairam | Moment | Getty Images The IRS warned Tuesday of a tax-refund phishing scam targeting college students and staff who believe they have a pending tax refund. Con artists are using fake e-mails to impersonate the federal tax...
The Rise of the US Dollar and Yields into Month/Quarter End
In our Week Ahead for last week, we highlighted the daily US Dollar Index (DXY) as the Chart of the Week. We noted that price had broken out of a flag pattern on the daily timeframe and was heading towards...
Roar: Consumer Confidence Surges in Preview of Coming Spending Spree
Consumers certainly regained confidence in March. The headline print of 109.7 handily exceeded even the most optimist forecast with room to spare. After a run of mostly disappointing February data, this surge is consistent with our expectation that we are...
Swissie Falls Despite Sparkling Swiss KoF
The Swiss franc is trading in negative territory in the Tuesday session. Currently, USD/CHF is trading at 0.9422, up 0.35% on the day. On the fundamental front, Switzerland releases the Credit Suisse Economic Expectations Index (Wednesday, 8:00 GMT). KoF Economic Barometer...
Dollar Surges on Renewed Rally in Yields, Yen and Gold Tumble
Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies....
USD/TRY Outlook: Turkish Lira Falls Further On News From CBRT/Stronger Dollar
USDTRY rose to one-week high on Tuesday and is on track to fully retrace a partial recovery from last week’s 8.5015 high. Lira remains under increased pressure since the most recent shock after President Erdogan replaced the governor of the...
Yen Drops Broadly as Yields Rose on Optimism
Yen trades generally lower today following surging treasury yields and some firmness in stock markets. While it’s not yet a full risk-on market, sentiments are positive for now. Swiss Franc, Euro and Dollar also turn slightly softer. On the other...
GBP/USD: Here’s Why Recovery Won’t Be Easy
Key Highlights GBP/USD is correcting higher from 1.3670 and it climbed above 1.3750. A crucial bearish trend line is forming with resistance near 1.3880 on the 4-hours chart. EUR/USD is still facing an uphill task near the 1.1840 and 1.1850...
Oil Looks To OPEC For Direction
When: Thursday 29th March Oil prices were on a roller-coaster ride across the previous week, with swings on two consecutive days of 6%, as the bears and bulls tussled over demand concerns, amid rising covid cases, and supply issues amid the...