EUR/USD Targets Fresh Lows, Dollar Recovers
Key Highlights EUR/USD failed to surpass 1.1900 and declined heavily. It broke a major bullish trend line at 1.1800 on the 4-hours chart. GBP/USD also declined below the 1.3900 support zone. The US nonfarm payrolls increased 943K in July 2021,...
How virtual reality will change trading for pros and everyone else
The work-from-home boom has given several virtual reality (VR) companies incentive to experiment with new ways of trading. While platforms are rapidly evolving and firms are putting themselves in a position to sell the new technology, it’s not a big...
Forex Cryptocurrencies Forecast
EUR/USD: it’s All About the Labor Market The EUR/USD pair drew another wave of sine waves on the chart: it fell by the same amount in the first week of August as it rose in the last week of July....
Berkshire Hathaway’s operating earnings jump 21% as recovering economy boosts railroad, energy units
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway’s operating income continued to rebound as its myriad of businesses from energy to railroads benefited from the economic reopening. The...
Dollar Turned Around While Tapering Talks Heated Up Again
Dollar soared towards the end of the week as the stellar job report should give Fed much confidence to start tapering later in the year. Reactions from stock markets and yields were also positive, with DOW and S&P closing at...
Weekly Economic & Financial Commentary: Summer Hiring Heats Up
Summary United States: Summer Hiring Heats Up Data this week highlighted the economy’s resilience in the face of ongoing supply constraints, while financial markets weighed the impact of the Delta variant wave on the outlook for the economy and Fed...
The Weekly Bottom Line: Now and Then
U.S. Highlights The U.S. economy added 943k jobs in July, slightly better than an upwardly revised 938k in the month prior. The unemployment rate fell to 5.4% from 5.9% in the month prior, while wage growth accelerated to 3.9% in...
Week Ahead: NFP Over-analysis, US CPI, and Emerging Market Central Banks
US Non-Farm Payrolls culminated last week with a whopping +935,000 jobs for July. In addition, the unemployment rate fell from 5.9% in June to 5.4%! This week will be filled with speculation as to whether this is enough substantial further...
Week Ahead – Taper Debate in Focus
Country US A blockbuster nonfarm payroll report has moved forward taper expectations and allowed the yield curve to steepen. The labor market recovery is accelerating as temporary layoffs and permanent job losses dramatically improve. Wall Street will pay close attention...
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