Day: February 4, 2022
Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat
The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.
Long-term unemployment tumbles in January
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, continuing a downward trajectory from its pandemic-era peak after having plateaued in recent months. The number of Americans out of work for at least six …
Week Ahead – US Inflation in the Spotlight Again, UK GDP Eyed Too
The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the pound’s rally lost steam after the Bank of England sent some mixed signals on the …
Week Ahead – US Inflation in the Spotlight Again, UK GDP Eyed TooRead More
WTI Oil Rally for the Seventh Straight Week on Geopolitical Tensions and Supply Fears
WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday. Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply disruptions and continue to inflate oil prices for the seventh consecutive week, when the price advanced over $20 or nearly …
WTI Oil Rally for the Seventh Straight Week on Geopolitical Tensions and Supply FearsRead More
Dollar Fights Back on Strong NFP and Wage Growth
Dollar is rebounding strongly in early US session following much better than expected job and wage growth. The greenback is apparently turning the tide against all major currencies, except Euro. The common currency is still the runaway winner for the week, as boosted by surprised hawkish turn in ECB. In other markets, DOW futures took …
EURCAD Rockets to Descending 200-day SMA
EURCAD bullish demeanour has strengthened significantly as the pair recently surged from the more than 5-year low of 1.4100 and is now tackling the 200-day simple moving average (SMA) at 1.4600. The longer-term 100- and 200-day SMAs endorse the broader bearish trend, while the upturn in the 50-day SMA, is reflecting the bullish correction in …
EURAUD Unlocks 4-Month High Above Symmetrical Triangle
EURAUD is surging to a fresh four-month highs around 1.6175, jumping above the symmetrical triangle with strong momentum. The technical indicators are feeding prospects for a possible positive trade; the RSI is holding well above 50, while the MACD continues to strengthen in bullish territory and above its trigger and zero lines. Also, from the Ichimoku indicators, the red Tenkan-sen keeps rising higher …
EURAUD Unlocks 4-Month High Above Symmetrical TriangleRead More
U.S. stock futures rally after earnings reports from Amazon and Snapchat
A trader works on the floor of the New York Stock Exchange. NYSE Stock futures rose in early morning trading Friday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more than a year. Futures on the Dow Jones Industrial Average gained 205 points, or 0.59%. …
U.S. stock futures rally after earnings reports from Amazon and SnapchatRead More
Cliff Notes: Inflation to Remain Front of Mind for Central Banks in 2022
Key insights from the week that was. The first week of February has been acutely focused on monetary policy, with last week’s US FOMC meeting followed by the RBA, BoE and ECB. Beginning with the RBA, their February meeting was largely as expected, with asset purchases brought to an end and an assessment of the …
Cliff Notes: Inflation to Remain Front of Mind for Central Banks in 2022Read More
USD/JPY Aims Fresh Increase, NFP Report Next
Key Highlights USD/JPY started a decent increase from the 113.50 zone. It broke a crucial bearish trend line with resistance near 114.20 on the 4-hours chart. EUR/USD surged above 1.1350, and GBP/USD spiked above 1.3600. The US nonfarm payrolls could increase 150K in Jan 2022. USD/JPY Technical Analysis The US Dollar saw a major decline …
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Finance news
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