The Dollar And The Stock Market Continue To Show A Tendency Towards Growth
On Friday, the dollar index resumed its growth on the back of positive macroeconomic data and rising Treasury yields. The latter consolidated above 1.60% after the publication of PPI data. US producer prices rose the most in February since October...
NZD/USD Two Scenarios Likely
The New Zealand Dollar declined by 66 pips or 0.92% against the US Dollar on Friday. The decline was stopped by the lower line of an ascending channel pattern during Friday’s trading session. Currently, the exchange rate is trading near...
Dow futures inch higher ahead of Monday’s market open
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were mixed early Monday morning and pointed to a cautious open later in the day. That followed last week’s rally that led the Dow and...
FOMC Preview – Expect to See Upgrade in GDP Growth Projections
The focus of this week’s FOMC meeting is how the Fed would respond to the rising Treasury yields and the rapid improvement in the economic conditions. We expect policymakers to upgrade the GDP growth forecasts and attribute rising yields to...
Yen Soft in Mixed Markets, Strong China Data Shrugged
The markets are generally mixed in Asian session today. Strong data from China were shrugged by investors in general. Instead, sentiment is a bit cautious ahead of the highly anticipated FOMC meeting in the middle of the week. Yen is...
Forex and Cryptocurrencies Forecast
First, a review of last week’s events: EUR/USD. Recall that the head of the Fed Jerome Powell literally brought down the American stock markets with his speech on February 4. Powell stayed indifferent to the surge in US Treasury yields,...
Bitcoin surpasses $60,000 in record high as rally accelerates
Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. Dado Ruvic | Reuters Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and...
The pandemic stranded these Americans overseas. Now, their unemployment benefits are in jeopardy
Justin Samuels, 44, was living in Malaga, Spain, when the Covid pandemic hit. The freelance writer is fighting New York for unemployment benefits. Justin Samuels Justin Samuels was living abroad in Malaga, a Spanish port city in the country’s south,...
DOW, SPX and DAX Hit Records While US Yield Surged, CAD Shone
Global equities struck a strong note in ending last week, with help from fresh US stimulus and ECB’s pledge to accelerate asset purchases. Yen, Dollar and Swiss Franc ended as the worst performing ones. Canadian Dollar was the strongest on...
The Weekly Bottom Line: Economic Resiliency On Display Again
U.S. Highlights One year after the start of global lockdowns, it is starting to feel like the end is finally approaching. The new fiscal package signed into the law will continue to support a stronger economic recovery and the financial...
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