Biden hosts CEOs to discuss holiday shopping supply chain issues, inflation
US President Joe Biden takes part in a roundtable with CEOs and leaders of major retailers, consumer products firms, and grocers to discuss the holiday shopping season in the EOP Library of the White House in Washington, DC on November...
Pending home sales rebounded sharply in October, despite rising mortgage rates
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Buyers came roaring back to the housing market in October, even as mortgage rates rose. Signed contracts on existing homes, so-called...
Brent Under Severe Stress
The Brent price reached stability on Monday after experiencing severe stress last Friday; the asset is trading at $75.30. Still, there is too much volatility and emotions in the instrument. The reason for that is the new coronavirus strain found...
Resilient Dollar Rebounds and Markets Calm
Greenback shrugs off new virus scare, market sentiment bounces back The calmer markets today seem to have brushed off the shock linked to the new omicron variant that plunged global equity markets on Friday. Despite markets rapidly regaining their composure,...
Yen and Franc Consolidate as Market Sentiment Stabilized for Now
The forex markets are staying in consolidative mode today as overall market sentiment stabilized. Major European indexes are paring some of last week’s losses while US futures also point to higher open. But it remains to be seen if it’s...
GBP/CAD Bulls Should Move The Price Bullish SHS Pattern On Daily
GBP/CAD technical analysis Bullish SHS on Daily TF. Breakout is expected. Positional entry has been established. M H5/ Q H3 are targets. Left shoulder. Head. Right shoulder. Entry. Target. GBP/CAD is turning bullish and we can see that marubozu candlestick...
Say Hi To Omicron
Omicron wreaked havoc in the markets on Friday, sending European indices near 5% lower into Friday’s close. The selloff in the US was a bit less severe, but this is obviously not the performance we were expecting on Black Friday....
Markets Staying Heavy on Omicron Worries
Worries about Omicron remains a main theme in the markets. Nikkei takes a dive after Japan announced to close its borders to all foreigners as Prime Minister Fumio Kishida said he’s taking measures with a “strong sense of crisis”. The...
EUR/USD Starts Recovery, But Faces Key Hurdle
Key Highlights EUR/USD found support near 1.1186 and started a decent recovery. It broke a major bearish trend line at 1.1200 on the 4-hours chart. GBP/USD is facing an increase in selling below 1.3400. Crude oil price declined over $10.00...
Stock futures move higher after Friday’s big sell-off, investors monitor omicron Covid variant
A trader on the floor of the New York Stock Exchange (NYSE), on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures moved higher in overnight trading Sunday following Friday’s big sell-off as investors monitor the...