Build Back Better would extend tax credit boost for millions of low-income Americans
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28,...
Another Big Week Ahead
Stock markets are off to a mixed start at the beginning of the week, with much of Europe back in record territory and the US now flat after a positive start. Not bad considering central banks around the world are...
Gold is Too Much Affected By USD
The Gold price is barely moving although the short-term market situation is not in favour of the precious metal. On Monday, 1 November 2021, the troy ounce costs $1,788. Gold has been rather volatile recently and definitely shows an inverse...
FOMC Preview – Tapering to Formally Being
The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market...
Swiss Franc Rallies Against Euro and Sterling, Dollar Mixed
Swiss Franc is strengthening notably today, but selling focus has somewhat shifted from Euro to Sterling. Still, the franc is outshone by New Zealand Dollar, which is overwhelming the strongest. On the other hand, Yen is the weaker one following...
Stocks making the biggest moves in the premarket: Harley-Davidson, Spotify, Trivago and more
Take a look at some of the biggest movers in the premarket: Harley-Davidson (HOG) – The motorcycle maker’s shares soared 9.4% in the premarket after the U.S. and the European Union ended a dispute involving steel and aluminum tariffs. Harley...
GBP/USD Outlook: Close Below Key Fibo To Confirm Bearish Signal And Risk Deeper Fall
British pound remains firmly in red on Monday and dips to the lowest in nearly three weeks, in extension of Friday’s 0.8% fall (the biggest one-day drop since Sep 29). Negative weekly close formed reversal pattern on weekly chart, following...
Focus On Various Central Bank Meetings And Withdrawal Of Stimulus
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Nikkei Surges on LDP’s Election Win, Yen Trades Lower
Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election. Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives,...
EUR/USD Could Extend Losses Below 1.1500
Key Highlights EUR/USD failed to settle above the 1.1650 and 1.1665 resistance levels. It broke a major rising channel with support near 1.1595 on the 4-hours chart. GBP/USD is moving lower and struggling to stay above 1.3650. The US ISM...