Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year
Jamie Dimon said the U.S. is headed for the best economic growth in decades. “We’re going to have the best growth we’ve ever had this year, I think since maybe sometime after the Great Depression,” Dimon told CNBC’s Bertha Coombs...
Gold Analysis: Recovers to Trade above 1,800.00
At mid-day on Monday, the price for gold broke the resistance of the 1,800.00 mark and shortly traded above this level. However, the surge was stopped and reversed by the 100-hour simple moving average at 1,802.65. If the price for...
Stocks Under Pressure on Faster Stimulus Withdrawal Signals
Global bond yields hit fresh highs; stocks retreat The Fed’s new message, which sparked fears that inflation could be tough to contain, and hence could require faster-than-expected rate hikes during the year, continued to weigh on market sentiment on Monday,...
Goldman predicts the Fed will hike rates four times this year, more than previously expected
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty...
Yen Striking Back as Stocks Take a Dive
Yen rebounds notably as US futures take a dive just ahead of North American session, while European index also reverse earlier gains. While Dollar is dragged down by Yen, it’s somewhat still resilient against others. Selling is mainly seen in...
EURUSD Rises as Bets of Tighter Fed Remain
The EURUSD pair soared to the highest level since January 3 as investors reacted to mixed US non-farm payrolls (NFP) data. Data published on Friday revealed that the American economy added just 199k jobs in December. That was significantly lower...
AUDUSD Forecasting The Decline After Elliott Wave Double Three Pattern
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex Pair published in members area of the Elliottwave-Forecast . As our members know, AUDUSD s is showing lower...