Fed’s Mary Daly says tapering of bond purchases may start this year
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly told CNBC on Tuesday that a strong economic...
Hot Inflation Surprise, Choppy Stock Session, Earnings JPM, GS, & Pepsi, Bitcoin Lower
US stocks initially shrugged off a strong start to earnings seasons and traded lower after a hot inflation report unnerved some investors as expectations grow that the Fed will have to acknowledge that higher inflation will stick around. Today’s earnings...
US Transportation Demand Recovery Pushed Prices Higher in June
Headline inflation up 5.4% in June from year-ago and core (ex-food and energy) up 4.5%Base effects continue to be at play; transportation related prices surged againPrice gain still relatively narrowly based; more guidance on tapering from Fed in August US...
Dollar Rebounds after Strong US CPI Reading, But Still Range Bound
Dollar rebounds strongly in early US session after much stronger than expected CPI inflation reading. The headline reading has indeed been trend up every month since January and showed no sign of slowing yet. Yen also rebounds following the greenback....
GBP/AUD 4H Chart: Bulls Could Prevail
The British Pound has edged higher by 1.67% against the Australian Dollar since last week’s trading sessions. The currency pair tested the 1.8600 mark on Monday, July 12. Technical indicators suggest buying signals on the 4H, daily and weekly time-frame...
GBP/CAD 4H Chart: Breakout Occurs
The Pound Sterling has surged by 1.70% against the Canadian Dollar since July 5. A breakout occurred through the upper boundary of a descending channel pattern during last week’s trading sessions. Given that a breakout has occurred, buyers are likely...
‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble
A pile of U.S. dollar banknotes. Chris Clor | Tetra images | Getty Images In March last year, a top venture capital firm described Covid-19 as the “black swan of 2020.” “Private financings could soften significantly, as happened in 2001...
Yen Crosses Trading Up as US Stocks Hit New Records
Yen decline continues overnight and stays soft on the back of solid risk-on markets. DOW closed just shy of 35k handle overnight, but the three major indexes ended at record highs nonetheless. Solid buying is also seen in Asia, with...
Elliott Wave View: Dow Futures (YM) Ready For New All-Time High
Short term Elliott Wave view in Dow Futures (YM) shows the rally from June 21, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from June 21 low, wave 1 ended at 34755 and pullback in...
BOC Preview – Hawkish Stance to Maintain with More Tapering
Economic developments since the June meeting suggest that BOC would still maintain an upbeat tone and taper further at this week’s meeting. Policymakers will, however, maintain the forward guidance that the first rate hike would come in 2H22. The staff...
Signal2forex.com - Best Forex robots and signals




