AUD/USD Outlook: Extended Pullback Pressures The Top Of Thick Daily Cloud
The Australian dollar dipped below 0.7800 handles on Wednesday after weaker than expected China bank loans data, with increased pressure coming from falling Asian equities. Fresh weakness signals an extension of a pullback from 0.7890 (May 10 high), where larger...
Weekly mortgage refinance demand jumps on brief drop in rates
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images A brief drop in mortgage interest rates sent some borrowers rushing to their lenders to see if they...
Gold Is Ranging For Both Bulls And Bears
Gold is ranging which means that both bulls and bears could profit from intrada trades. 1766-1775 is the zone where longs are waiting. I don’t think there will be enough momentum to cover for strong moves to the zone, but...
Dow futures slip more than 100 points, after its worst day since February
U.S. stock futures declined in early trading Wednesday following the Dow’s worst day since February as investors dumped tech shares again. Dow futures fell more than 111 points while S&P 500 futures traded 0.4% lower and Nasdaq 100 futures lost...
Elliott Wave View: USDNOK Rally Should Find Sellers
Short Term Elliott Wave structure for USDNOK suggests the decline from March 24, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 24 high, wave (1) ended at 8.149 and bounce in wave (2)...
Dollar Recovers But Not Turning Around Yet, Sterling Firm
Dollar recovers broadly today even though Fed officials sung a chorus emphasizing patience in monetary policy. Canadian Dollar is also firm with help from rebound in oil prices. On the other hand, Australian Dollar is trading generally lower together with...
Banxico Preview: Higher Inflation, But Can They Leave Rates Unchanged?
As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings. However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy. Banixco has been lowering rates since before the pandemic began. When the...
As the U.S. economy restarts from the pandemic, parts of it are severely broken
A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images The U.S. economy is trying to restart its engine after tumbling into its...
Job openings leaped above 8 million in March, a new high
A help wanted sign is displayed in the window of a Brooklyn business in New York. Spencer Platt | Getty Images Job openings popped to a record high in March as employers struggled to find workers to fill those positions,...
How to return to work — and keep getting the $300 unemployment benefit
Luis Alvarez | DigitalVision | Getty Images ‘Overlooked’ The programs are often “overlooked” as options by the public, the White House said Monday. The Biden administration highlighted them as a benefit for both employers and workers: Ailing businesses can rehire...
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