U.S. inflation could hit 3% or 4% by the middle of 2022, veteran strategist warns
More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6% in March...
GOLD Tests Resistance Zone
As forecast, the yellow metal’s price has once again approached and tested the resistance of the 1,790.00 level. Namely, the price bounced off the resistance even before it approached it. During the early hours of Wednesday’s trading, the price had...
Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low
A “For Sale” sign outside a house in Palm Beach, Florida, on Wednesday, April 7, 2021. Marco Bello | Bloomberg | Getty Images A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their mortgage lenders. Total...
Biden’s economic plans will help the U.S. compete with China, says former Treasury secretary
President Joe Biden’s plans to bolster the U.S. economy will help the country compete with China’s massive Belt and Road Initiative, former Treasury Secretary Jacob Lew said on Wednesday. The Belt and Road Initiative is China’s ambitious program to build physical...
Will The Dollar Be Able To Capitalize On Safe Haven Flows?
Markets Monday’s tentative equity correction gradually deepened yesterday. Persistently high infection levels, especially in non-developed countries (India) reminded investors that the consequences of the pandemic won’t disappear at once even as the vaccinations are further rolled out. Some ‘simple’ profit-taking...
Yen Rebounds as Risk Markets Correct, Canadian Dollar Weak Ahead of BoC
Yen rebounds notably overnight, following the pull back in stocks. Market sentiment was weighed down by renewed concerns over coronavirus infections, which also dragged down oil prices. Dollar also followed and recovered. On the other hand, commodity currencies reversed their...
USD/CAD Faces Hurdle Near 1.2600, CPI Report Next
Key Highlights USD/CAD started a fresh increase after testing the 1.2470 support region. A major declining channel is forming with resistance near 1.2610 on the 4-hours chart. EUR/USD and GBP/USD extended gains before correcting lower. Canada’s CPI could increase 2.3%...
Here are the 10 biggest economies in the world — before the pandemic vs. now
A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images SINGAPORE — The Covid-19 pandemic has shaken up the...
S&P 500 futures fall slightly in overnight trading, Netflix shares tank
Traders on the New York Stock Exchange. Source: NYSE Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street. S&P 500 futures dipped 0.1% and...
EURCHF Flickers a Neutral-to-Bearish Tone
EURCHF’s consolidation is adopting a slightly more bearish demeanour on the four-hour chart as the price is challenging the 50-period simple moving average (SMA) and the Ichimoku cloud on the downside. The SMAs overall are emanating a growing negative tilt...
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