Day: December 17, 2021
Lost work due to omicron? What to know about unemployment benefits
Pedestrians stand in line at a Covid-19 mobile testing site at Columbus Circle in New York, on Dec. 5, 2021. Jeenah Moon/Bloomberg via Getty Images Covid cases are spiking in some parts of the U.S., and the highly contagious omicron variant is expected to fuel another virus wave headed into winter. In New York, some …
Lost work due to omicron? What to know about unemployment benefitsRead More
The Weekly Bottom Line: Slaying the Inflation Dragon
U.S. Highlights Evidence of accelerating price pressures continued to trickle in this week. Producer prices accelerated to 9.6% year-on-year in November. This was accompanied by an elevated share of small businesses raising prices (+6 points to 59%). After a strong gain of 1.8% in October, U.S. retail sales growth slowed to 0.3% (month-to-month) in November. …
The Weekly Bottom Line: Slaying the Inflation DragonRead More
Weekly Focus – Central Banks Choose the Hawkish Path
Central banks were in the spotlight this week, and the general outcome was on the hawkish side. The Federal Reserve brought its forward guidance more in line with what markets and analysts had already been expecting, signalling an end to the QE purchases already by March and the updated ‘dots’ pointing towards three rate hikes …
Weekly Focus – Central Banks Choose the Hawkish PathRead More
Week Ahead – With the Central Bank Mayhem Out of the Day, the Festive Wind Down Begins
After a super exciting week, things will wind down significantly in the run up to the Christmas weekend, with the biggest risk for traders likely being suffering from post-central bank blues. Out of all the meetings, the Fed’s announcement undoubtedly had the largest bearing on the markets, whipsawing the dollar. But the bumpy times may …
Week Ahead – With the Central Bank Mayhem Out of the Day, the Festive Wind Down BeginsRead More
Yen Rises as Investors Back in Risk Averse Mode
Investors are back in risk-off mode after a week of volatility. Yen is rising broadly, followed by Swiss Franc and Dollar. On the other hand, commodity currencies are back under some pressure. Euro and Sterling are both mixed. The question is whether pre-weekend selloff in stocks would intensify and push Yen and Franc to end …
Japanese Yen Calm after BoJ Meeting
The Japanese yen is showing little movement on Friday. In the European session, USD/JPY is trading at 113.44, down 0.13% on the day. It was a dramatic week, with central banks in the spotlight. There were significant announcements on both sides of the pond. The Federal Reserve announced that it would double the pace of …
NZDUSD Tiptoes Across 76.4% Fibonacci But Downside Risks Remain
NZDUSD has established a foothold consolidating around the 0.6734 level, which is the 76.4% Fibonacci retracement of the up leg from 0.6510 until 0.7464, after a five-week decline from the 0.7217 high. The simple moving averages (SMAs) are starting to fall, hinting that the neutral-to-bearish tone is securing an advantage. That said, the short-term oscillators …
NZDUSD Tiptoes Across 76.4% Fibonacci But Downside Risks RemainRead More
USDCAD Halts Pullback, But Bearish Jitters Still In Play
USDCAD attempted to touch its nine-month high of 1.2947 from August earlier this week, but its efforts proved fruitless, with the price drifting lower to find support around the 1.2770 level and the red Tenkan-sen line. Signals from momentum indicators are currently discouraging. The MACD is losing steam along its red signal line in the …
USDCAD Halts Pullback, But Bearish Jitters Still In PlayRead More
EUR/USD Outlook: Euro Is Firmer But Still Moving Within Extended Range
The Euro is consolidating under two-week high after being dragged by stronger pound after BoE surprise rate hike and inflated by weaker dollar post-Fed. Near-term action remains within a consolidation range above new 2021 low (1.1186) and lacking clearer direction signal, as daily studies are still mixed. Violation of key near-term barrier at 1.1379 (Fibo …
EUR/USD Outlook: Euro Is Firmer But Still Moving Within Extended RangeRead More
GBP/USD Outlook: Upbeat UK Retail Sales Data Add To Positive Post-BoE Tone
Cable is holding positive tone in early Friday following Thursday’s rally to 1.3374 (three-week high) after surprise BoE rate hike. Upbeat UK retail sales data (Nov 1.4% m/m from 1.1% in Oct and vs 0.8% f/c) provide additional support to sterling, along with UK Liberal Democrats winning a seat from PM Johnson’s party. On the …
GBP/USD Outlook: Upbeat UK Retail Sales Data Add To Positive Post-BoE ToneRead More
Install your trader software at VPS server of one of the super fast providers:
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 |
