Franc and Yen Softer in Consolidations, Gold Presses Channel Support
Global stock markets are recovering slightly today, continuing to stabilize from Omicron worries for now. Major currency pairs are also bounded in consolidative trading in tight range. While Aussie is trying to lead commodity currencies higher, it’s lacking clear upside...
Gold Battles With 200-Period SMA Below 1,800
Gold prices could not find enough buyers to overcome the 200-period simple moving average (SMA), with the spotlight remaining on the $1,800 mark. Encouragingly however, the RSI and the MACD continue to hold above their recent lows, while the latter...
The US Federal Reserve Can Fully Complete The QE Program At The Next Meeting
Fed chief Jerome Powell indicated in his speech to the US Senate that the US central bank could fully reduce large-scale bond purchases in two weeks, referring to a strong economy. This will be a necessary first step toward raising...
UK 100 To Test Daily Support
The FTSE 100 struggles with doubts about vaccine efficacy against the omicron variant. A drop below the daily support at7190triggered a sharp liquidation. Then a short-lived rebound has met stiff selling pressure at 7170. The index is hovering above the origin...
Dollar Failed to Rally on Hawkish Powell, Aussie Rebounds after GDP
Dollar attempted for a rally overnight after hawkish comments from Fed Chair Jerome Powell, but momentum quickly faded. Instead, the greenback was dragged down by extended weakness in benchmark treasury yields. Overall market sentiment is stable in Asian session, helping...
‘Way overdue for a correction’: Long-time bull Jim Paulsen delivers a 10% to 15% pullback forecast
The latest market setback may be a foreshock to a more serious downturn. The Leuthold Group’s Jim Paulsen predicts a 10% to 15% pullback will rattle investors next year due to high valuations and less accommodative Federal Reserve policies. “We...
Home price gains slow down for the first time since May 2020
Daniel Acker | Bloomberg | Getty Images Home prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally starting to ease up. Home prices rose...
Hawkish Powell Expects Fed to End QE Tapering a Few Months Earlier than Previously Anticipated
Despite concerns over the new coronavirus variant Omicron, Fed Chair Jay Powell’s testimony before the Senate was hawkish. He suggested that the Fed could accelerate the tapering of asset purchases in order to curb strong inflation. US dollar extended rally...
Signal2forex.com - Best Forex robots and signals




