Onto Fed’s Vaccination Guidance
USD drops across the board following oil’s 4% jump to 62.90s and markets’ shrugging of a US CPI that was a touch higher than consensus. Today’s Coinbase IPO coupled with Fed Chair Powell’s appearance raises questions about the timing of...
Jamie Dimon says U.S. consumers are ‘coiled, ready to go’ with $2 trillion more in checking accounts
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images Government...
Is Euro Headed for 1.20?
EUR/USD is in positive territory for a third straight day. Currently, EUR/USD is trading at 1.1957, up 0.07% on the day. The euro has quietly but steadily moved within striking distance of the 1.20 line, which has psychological significance. EUR/USD...
Gold Snags Necessary Footing for Retest of Range’s Ceiling
Gold recently established some positive traction off the converged simple moving averages (SMAs) and the Ichimoku cloud’s upper surface, after failing to previously clear the resistance band of 1,756-1,760. Currently the SMAs do not confirm a commanding price direction, however,...
Swiss Franc Weakens With Dollar, Aussie and Kiwi Firm
The financial markets are generally steady today, as European indices are mixed in tight range. US futures point to slightly higher open, as S&P 500 could extend record run. Gold and oil are both still range bound. In the currency...
Stocks making the biggest moves in the premarket: Goldman Sachs, Bed Bath & Beyond, JetBlue & more
Here are some of the companies making headlines in premarket trading: Goldman Sachs (GS) — Goldman shares rose more than 1% in premarket trading after the company’s first-quarter results handily topped Wall Street’s expectations. The bank earned $18.60 per share,...
GOLD Remains Below 1,750.00
The sharp surge of the yellow metal’s price ended just before the metal reached the 1,750.00 level. Since the middle of Tuesday’s trading, the price was trading sideways between the 100-hour simple moving average and the 1,750.00 level. In the...
‘Dollar Gives In To Inflation’
US inflation data put pressure on the dollar yesterday. The short-term charts clearly show that after a brief bear attack with an attempt to sink EURUSD below 1.1900, the pair experienced an impressive surge up to 1.1940. A couple of...
Dollar Selling Taking Off, Aussie and Kiwi Strong
Dollar remains generally pressured in Asian session, as selling appeared to have taken off overnight. J&J’s vaccine saga is raising some concerns that it would take longer for US to achieve herd immunity. Or, at least, it’s not brightening the...
Kiwi Shoots Higher as RBNZ Appears Less Concerned about its Rise
As expected, the RBNZ left all monetary policy measures unchanged at the April meeting. While acknowledging the dampening effects of the government’s housing policy, policymakers need more time to assess the impacts on the real economy. Meanwhile, the members appear...
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