Dollar Shines again as Gold and Lira Prints Losses
Biden’s Fed picks drives dollar up The Fed nomination decision caused some tremors in the financial markets on Monday. In the decision’s wake, futures markets have firmed up expectations for a rate hike in June, which had previously been biased towards July. Governor Brainard has been selected to...
Futures Mixed after Powell Re-nomination, PMIs Due
US stocks are set for a mixed start with the Nasdaq underperforming following Fed Chair Powell’s re-nomination yesterday. PMIs are due next. US futures Dow futures +0.06% at 35648 S&P futures -0.04% at 4681 Nasdaq futures -0.21% at 16348 In...
Sterling Breaking to the Downside, Euro in Weak Recovery
Markets are trading in mild risk off sentiment, while treasury yields also surge. New Zealand Dollar is leading other commodity currencies lower, and Sterling is week too. On the other hand, Euro and Swiss Franc are currently the stronger ones,...
WTI Futures’ Bearish Course In Play, Downside Risks Stand
WTI oil futures have been drifting downhill for the last two-weeks from the 83.28 high, producing lower highs and lows, reinforcing the bearish outlook. The 200-period simple moving averages’ (SMA) positive incline has softened, while the diving 50- and 100-period...
Ripple seeing ‘good progress’ in SEC case over XRP, outcome expected next year
Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday. Garlinghouse said he expects the case, which centers on XRP, the world’s seventh-biggest cryptocurrency, will...
Elliott Wave View: DAX Starting Correction
Short-term Elliott wave view in DAX suggests cycle from October 6, 2021 low has ended as an impulse Elliott Wave structure. Up from October 6, wave 1 ended at 15781 and pullback in wave 2 ended at 15495.51. The Index...
USD/JPY Upside Breakout after Powell Got Nominated Again, Gold Tumbled
Dollar surged overnight after Fed Chair Jerome Powell was nominated for a second term by US President Joe Biden. The greenback stays firm in Asian session and is ready to extend its near term rally. On the other hand, New...
RBNZ Preview: Rate Rise Unlikely To Boost The Bird – NZDUSD
The Q3 unemployment rate fell to a record-equalling 3.4% at the start of November, matching the rate last seen in Q4 2007. “The fall in the unemployment rate is in line with reports of difficulty finding workers and high labour...
Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation
Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, is being nominated for a second term as chairman of the U.S. central bank. President Joe Biden...
Home sales rose in October as investors rushed into the market
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Sales of previously owned homes...
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