AUDNZD Set To Shake Off Better AU Biz And Consumer Confidence Data
This article reviews the release of stronger Australian consumer and business confidence data and what it means for the AUDNZD cross rate, which market time overnight closing near 1.0350. The NAB business confidence survey for October released yesterday showed business...
Thousands of Americans living abroad got stimulus checks. Here’s why
Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had...
Household debt total passes $15 trillion for the first time
U.S. dollar banknotes are seen in this photo illustration. Jose Luis Gonzalez | Illustration | Reuters Household debt passed $15 trillion for the first time in the third quarter, as rising prices pushed up balances for homes and autos, the...
Dollar Braces for US Inflation Report
The latest US inflation data will be released at 13:30 GMT Wednesday. Forecasts point to another sharp acceleration, which could unleash turmoil in the markets as the transitory narrative melts away. As for the dollar, the outlook remains positive with...
Wholesale prices rose 8.6% year over year in October, tied for highest ever
Wholesale prices rose 8.6% from a year ago in October, their highest annual pace in records going back nearly 11 years, the Labor Department said Tuesday. The government’s producer price index, which serves as a gauge of final demand prices...
USDCHF Crossed Below Its 50- and 200-Day SMA; Bearish Outlook
USDCHF regained its negative momentum as the pair crossed below its 50- and 200-day simple moving average (SMA) in the past couple of sessions. This diminished hopes of a sustained bullish move after a brief period of price appreciation when...
NZDJPY Falters Near 4-Year Highs
NZDJPY has been trending upwards since the beginning of 2021 but seems to be lacking the necessary momentum to challenge its 4-year highs. After peaking at 82.49, the pair has been moving without a clear direction, while the immediate bias...
Euro Shrugs Improve German Sentiment, Yen Stays Firm
Yen stays general firm after earlier rally today, and Dollar is following. Euro shrugs off better than expected German economic sentiment data. Sterling and Swiss Franc are mixed. Australian and New Zealand Dollar are currently the weakest. Gold is firm...
US Stock Markets Again Managed An All-Time Closing High
Markets Last week’s corrective bond rally stranded at the start of the fresh trading week. Core bonds ceded ground with rising inflation expectations responsible for the move. Declining real yields (post-BoE deception) no longer counter inflation dynamics. The European 10y...
Elliott Wave View: Oil (CL) Looking For 3 Waves Rally
Short-term Elliott wave view in Oil (CL) suggests the decline from Oct 25, 2021 peak is unfolding as a zigzag Elliott Wave structure. Down from Oct 25, wave ((i)) ended at 80.58 and bounce in wave ((ii)) ended at 84.88....
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