Day: December 8, 2021
ECB: Eurozone Monetary Policy to Remain Relatively Accommodative, For Now
Summary The European Central Bank’s (ECB) December 16 monetary policy announcement looms as a key event for market participants, as the central bank considers whether to bring its emergency asset purchase program to an end. Economic trends are mixed heading into the announcement, with growth slowing and inflation quickening. Still, we expect the recent spike …
ECB: Eurozone Monetary Policy to Remain Relatively Accommodative, For NowRead More
GBPJPY’s Guiding Forces Fade but Bearish Bias Lingers
GBPJPY is trading around the mid-Bollinger band at 150.23, curbed by the 50-period simple moving average (SMA), which continues to hamper advances even after the bounce around the 149.00 mark. The falling SMAs continue to endorse the pair’s negative trajectory that recently softened on its approach towards key support bands, which are forming a congested …
GBPJPY’s Guiding Forces Fade but Bearish Bias LingersRead More
Sterling Tumbles as UK Said to Return to Restrictions, Pfizer News Lifts Sentiments
Much volatility is seen in the markets today, in particular in Sterling. The Pound tumbled sharply on news that the UK Government to going to activate a plan B and impose some restrictions as soon as on Wednesday, due to spread of Omicron. Yet, sentiments recovered After Pfizer said results from an initial laboratory showed …
Sterling Tumbles as UK Said to Return to Restrictions, Pfizer News Lifts SentimentsRead More
Americans plan robust spending this holiday season, but worry about inflation, supply bottlenecks
Shoppers at the King of Prussia mall in King of Prussia, Pennsylvania, on Saturday, Dec. 4, 2021. Hannah Beier | Bloomberg | Getty Images Americans plan to spend with gusto this holiday season despite concerns about the economy and inflation and worries that supply bottlenecks might delay the arrival of their gifts. The CNBC All-America …
S&P 500 Price Is At The Crossroads: Daily Candlestick Close Is Important
S&P 500 technical analysis S&P500 is bullish. The price might reject off 88.6. The market is at important level. It will bounce or reject. Daily chart S&P 500 Pinbar high. Swing low. The entry zone. Target High. Target Low. The price is currently bouncing from the zone. We could see a continuation up or a …
S&P 500 Price Is At The Crossroads: Daily Candlestick Close Is ImportantRead More
Oil Jumps, Gold Steady On Omicron
Oil surges on lower omicron concerns Oil prices rose overnight as omicron concerns continued to fade, and US API Crude Inventories showed a surprise draw of 3.1 million barrels. Assuming momentum remains positive in global markets, a fall in official US Crude Inventories (-1.7 mio exp), will probably be an excuse for oil prices to …
USD/CAD Pair Is Currently Consolidating Losses From The 1.2632 Low
The US Dollar started a major decline from well above the 1.2800 level against the Canadian Dollar. The USD/CAD pair traded below the 1.2720 support zone to move into a bearish zone. There was a close below the 1.2700 level and the 50 hourly simple moving average. The pair traded as low as 1.2632 and …
USD/CAD Pair Is Currently Consolidating Losses From The 1.2632 LowRead More
Canadian Dollar Strong on Risk-On Sentiment, as BoC Awaited
Following return of risk-on sentiment, commodity currencies are currently the best performers for the week. On the other hand, Swiss Franc and Yen are trading broadly lower, followed by Euro and Dollar. The economic calendar is very light today and main focus will be on BoC policy decision. At the same time, we’ll see if …
Canadian Dollar Strong on Risk-On Sentiment, as BoC AwaitedRead More
Visa launches crypto consulting services in push for mainstream adoption
The Visa logo seen displayed on a smartphone with a bitcoin logo in the background. Rafael Henrique | SOPA Images | LightRocket | Getty Images Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies. The payments processor said Wednesday its crypto advisory practice, housed within its consulting …
Visa launches crypto consulting services in push for mainstream adoptionRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
