Aussie Dived But a Bottom Around the Corner?
Extending fall in commodity prices and recession fears were the main theme in the markets last week. Australian Dollar ended as the worst performer, followed by New Zealand Dollar, and then Sterling. However, Canadian Dollar was surprisingly the strongest one,...
Week Ahead: RBA, FOMC Minutes and Non-Farm Payrolls
Volatility may pickup later in the week as the RBA makes its decision on an interest rate hike and the US releases FOMC Minutes, as well as NFP. Central Bank heads were in the spotlight last week at the European...
Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and more
These are the stocks posting the largest moves in midday trading. Signal2frex feedbacks
FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it the option to buy crypto lending...
Weekly Economic & Financial Commentary: U.S. Recession Is Likely, and Global Contagion Is Unavoidable
Summary United States: Running on Empty Consumers staying power is showing signs of running out as inflation persists and confidence moves sharply lower. While consumers still have the ability to rely on their balance sheets to support spending, it’s uncertain...
XAU/USD Outlook: Gold Dips Below $1800, on Track for the Third Consecutive Weekly Drop
Spot gold price fell below $1800 level on Friday, on fresh bearish acceleration that extends into fifth straight day. The yellow metal came under pressure from higher dollar, as well as prospects of higher interest rates in the US and...
XAG/USD Outlook: Silver Drops Below $20 for the First Time in Two Years
Spot silver broke through psychological $20 support for the first time in two years and hit the lowest since July 2020 on Friday. The metal remains under increased pressure for three months on global economic and geopolitical turmoil which threatens...
The S&P 500 just had its worst first half in more than 50 years, which ‘stressed’ this classic investment strategy
Stock trader on the floor of the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images The S&P 500 Index, a barometer of U.S. stocks, just had its worst first half of the year going back...
Selloff in Aussie Intensifies With Commodity Prices
Selloff in Aussie and Kiwi intensifies today following the steep decline in commodities. Safe-have flows continue to boost the Japanese Yen, which is additionally lifted by extended pull back in US and European benchmark yields. As for the week, Dollar...
GBPJPY Bears Take Charge; Eyes on 50-SMA
GBPJPY sharpened its downturn below the 20-day simple moving average (SMA) and a key support trendline on Friday, tumbling to a two-week low of 163.24. The price is also set for a close below the 23.6% Fibonacci retracement of the...