US Dollar Index Soars As Signs Of Global Slowdown Emerge
Bitcoin and other cryptocurrency prices tumbled in the overnight session, ending a remarkable bull run that pushed BTC above $52,000. The decline happened after El Salvador bought Bitcoin worth more than $20 million making it the first country to do...
Market Morning Briefing: Aussie Fell Sharply From 0.75-0.7480
STOCKS Dow has fallen sharply breaking below our expected support at 35250 and can test lower support near 35000 before bouncing from there. Dax may bounce from 15800 or 15600 and looks bearish for the very near term. Nifty and...
September may have a bad reputation for stocks, but one top strategist just hiked his S&P 500 year-end target anyway
September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and...
A sharp rise in wages is contributing to worries over inflation
Thomas Trutschel | Photothek | Getty Images Now might be a good time for the Federal Reserve to start worrying about inflation. August’s jobs report, besides being a big disappointment on the 235,000 headline number, also showed that wages are...
ECB Meeting: Tapering on the Menu, Sort of
The European Central Bank meets on Thursday for its regular policy meeting and is scheduled to announce its decision at 11:45 GMT, followed by President Christine Lagarde’s press briefing at 12:30 GMT. Having made several dovish turns in recent months,...
48% of renters worry they won’t ever be able to buy a home, survey finds
Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey. That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25...
Sterling Down as Risk Sentiment Turns Weaker, Dollar Trying to Rebound
Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA’s dovish tapering, but Canadian...
USD/CHF Remains Within Range
The USD/CHF currency pair has been trading sideways since August 18. The exchange rate traded between the 0.9240/0.9100 levels during last week’s trading sessions. All things being equal, the US Dollar against the Swiss Franc could continue to trade sideways...
EUR/GBP Two Scenarios Likely
The common European currency depreciated by 41 pips or 0.47% against the British Pound last week. The currency pair tested the lower line of an ascending channel pattern at 0.8560 on Friday. Currently, the exchange rate is trading near the...
BOC Preview – QE Tapering to Pause as Economy Contracted in 2Q21
Torn between disappointing economic activities but rising inflation, higher vaccination rate but worsening Delta outbreak, and a federal election just 12 days after this week’s meeting, the BOC will likely stand on the sideline this month. Policymakers will keep its...