US 500 Index Returns to Gains; More Bullish Outlook is Expected
The US 500 (Cash) index has strongly rebounded off the 4,270 barrier and the momentum indicators now suggest that the market sentiment is back to bullish as the MACD is entering the positive region, holding above its trigger line. Also, the RSI...
Dollar and Yen Heading South Again, Sterling and Kiwi Strong
Selling in Dollar and Yen persists again today. New Zealand Dollar is currently the biggest winner, on increasing expectation of RBNZ rate hikes. While Aussie is also strong, Sterling is slightly stealing the show too, with help from renewed buying...
Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032
Photo by Mike Kline (notkalvin) | Moment | Getty Images House Democrats proposed a rule to forbid Roth conversions for the wealthy as part of a broad package of tax increases on affluent Americans. But there’s an irony in the...
Aussie Jumps On RBA Rate Bets
The Australian dollar has resumed its rally against the US dollar. AUD/USD has risen to 0.7471, up 0.80% on the day. The pair is at its highest level since July 15th. Markets expect RBA rate hike in 2022 The RBA...
EUR/GBP Decline Could Continue
The Eurozone single currency has edged lower by 2.18% against the British Pound since the beginning of October. The currency pair breached the 0.8500 support level last week. All things being equal, the exchange rate could continue to trend lower...
GBP/USD Could Rally If It Clears 1.3800
Key Highlights GBP/USD started a decent increase above the 1.3650 resistance. A major rising channel is forming with support near 1.3690 on the 4-hours chart. EUR/USD is facing an uphill task near the 1.1650 region. Gold price declined heavily from...
Dollar Selloff Resumes, EUR/USD Breaking Near Term Resistance
Dollar’s selloff resumes in Asian session today, while Yen is also trading lower. Risk-on markets in Asia lift New Zealand and Australian Dollar. European majors are mixed for the moment, with Euro trying to recover against Sterling and Swiss Franc....
Stock futures are flat ahead of major earnings reports on Tuesday
U.S. stock futures were steady in overnight trading Monday as investors geared up for a big day of earnings on Tuesday. Dow futures fell just 12 points. S&P 500 futures fell 0.03% and Nasdaq 100 futures were around the flat...
Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
A worker carries lumber as he builds a new home in Petaluma, California. Getty Images Rising interest rates will result in a sharp drop in refinance demand in 2022, meaning a lot less business for mortgage bankers, according to the...
NZD Hits 4-Week High on Hot Inflation
The New Zealand dollar is drifting on Monday, after briefly breaking above the 71 level. Overnite, NZD/USD rose to 0.7105, its highest level since September 16. The currency climbed 2.07% last week, its best week since late August. New Zealand...
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