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...
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...
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...
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...
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...
WTI Oil Outlook: Oil Prices Extend Recovery on Fading Omicron Fears, Iran
WTI oil rallies for the second straight day and accelerates well above the psychological $70 level, in extension of Monday’s 4% advance. Receding fears about the Omicron variant on rising hopes that virus will not set the global economy back...
Nonfarm Productivity and Unit Labor Costs Surprise Markets!
Usually regulated to second tier data, the final look at Nonfarm Productivity and Until Labor Costs for Q3 came in worse than markets had expected. Nonfarm Productivity was -5.2% vs the -4.9% preliminary print. Note that this was the largest...
Labor productivity rate falls at the fastest pace since 1960
Labor productivity fell at the fastest rate in more than 60 years in the third quarter, according to a Labor Department report Tuesday. A measure of output versus energy, nonfarm business sector productivity declined 5.2% from the previous three-month period,...
Wells Fargo sees borrower defaults starting to rise from low levels reached during pandemic
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Bloomberg | Getty Images Wells Fargo is seeing borrower defaults...
Risk-on Sentiment Coming Back, Aussie Extending Rebound
Risk-on sentiment is gather steam today with major European indexes trading broadly higher, while US futures point to higher open. WTI crude oil is also up another 2.5% and is back above 70 handle. In the currency markets, Australian Dollar...
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