Day: May 27, 2021
Economic Growth: What is GDP Growth?
What is Economic Growth and Why is it So Important? Top news headlines are often dominated by the release of gross domestic product (GDP) figures and for good reason. The GDP release attracts a lot of attention from traders and market participants because of its signaling effect and ability to move financial markets. This article …
AUD Yawns as Private Capex Shines
The Australian dollar is showing little movement on Thursday. In the North American session, AUD/USD is trading at 0.7739, down 0.01% on the day. Private capex jumps in Q1 It has been a good week for Australian releases. Earlier in the day, private new capital expenditure rose by 6.3% in the first quarter, pointing to renewed strength …
What is Inflation. Its Global Impact. Explore
What is Inflation? Inflation is the rise in prices of goods and services in an economy over a period of time, and is often displayed in percentage form. For example, if inflation is 2%, this suggests that prices are (on average) 2% higher than the previous period. Therefore, if a bottle of water cost $1 …
False Profits: Looking Past the Stall in Today’s GDP Print
Summary Revised data show that real GDP grew at an annualized rate of 6.4% in Q1-2021, which is unchanged from the initial estimate that was released a month ago. The overall rate of real GDP growth was driven by broad-based increases in many of the underlying spending components. Gross domestic income grew at a robust …
False Profits: Looking Past the Stall in Today’s GDP PrintRead More
Jobs picture shows more improvement as unemployment claims slide
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for the week ended May 22, the Labor Department reported Thursday. While that level is still well above the pre-Covid norm, it is the closest to the previous trend since the crisis began in March 2020 …
Jobs picture shows more improvement as unemployment claims slideRead More
Sterling Surges on BoE Rate Hike Talks, Canadian Dollar Rebound
Sterling jumps broadly today as a BoE officials indicated that rate hike could come next year. UK Prime Minister Boris Johnson also said there is nothing in data that suggests a delay to reopening on June 21, even though some more time is needed to assess the situation. Nevertheless, Canadian Dollar is even stronger for …
Sterling Surges on BoE Rate Hike Talks, Canadian Dollar ReboundRead More
United States Oil Fund Elliott Wave And Long Term Cycles USO
Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an all time high at 953.36 in July 2008 noted on the monthly chart. The decline from there into the February 2009 lows was in three swings. An a-b-c in …
United States Oil Fund Elliott Wave And Long Term Cycles USORead More
WTI Oil Outlook: Oil Eases After Double-Doji, But Signals Remain Mixed
WTI oil price edged lower on Thursday but remains within a narrow range that extends into third day and consolidating strong rally of last Mon/Fri (up 6.5). Oil remains supported by expectations for stronger demand on summer driving season in Europe and the United States that so far counters concerns about lower demand from India …
WTI Oil Outlook: Oil Eases After Double-Doji, But Signals Remain MixedRead More
Dollar Bears Gather Strength
Global markets have lost growth momentum near recent highs. This indecisiveness can be attributed to the realization that major central banks are slowly but surely moving towards presenting their monetary policy tightening plans. At the moment, this sentiment is benefiting the dollar, whose weakening has paused near this year’s lows. Moreover, the DXY has managed …
USD/JPY Surges Above 109.00
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday’s trading session. Given that a breakout had occurred, bullish traders could continue to pressure the exchange rate higher during the following trading session. The potential target …
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Finance news
 Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More  Fears of a Fed mistake grow as this week’s anticipated interest rate hike loomsJerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic ... Read More |
