GOLD Consolidates Below 1,845.00
Since the Friday’s surge, the yellow metal’s price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal’s price was being approached from below by the 55-hour simple moving average. If the 55-hour simple moving average...
Asian Stocks in Deep Selloff, But Yen and Dollar Remain Weak
While US stocks hit another record high overnight, the path reversed with the three major indexes closing lower, with particular heavy selling in NASDAQ. Bearish sentiment continues in Asia session today, with Nikkei and Hong Kong HSI in deep red....
GBP/USD Rallies Above 1.4100, Dollar Weakens Further
Key Highlights GBP/USD started a fresh increase above the 1.4000 resistance zone. It broke a major contracting triangle with resistance near 1.3945 on the 4-hours chart. EUR/USD remained well bid above the 1.2100 support zone. Gold price moved into a...
GBP Bid On UK Covid Alert Level Drop And Ahead Of BOE’s Baily
The UK lowered the Alert Level for the coronavirus to Level 3 from Level 4. This means that “the epidemic is in general circulation”. The level 4 alert included “transmission is higher or rising exponentially”. Now that the level dropped,...
China’s census shows population growth slowed
Joggers run along the Bund across from the Lujiazui Financial District in Shanghai, China, on Saturday, April 10, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s once-a-decade census showed that the national population of the mainland was...
Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs
US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden on Monday urged U.S....
Restaurants are ‘sucking wind’ but fighting back to reopen amid a worker shortage
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other establishments in the city, is optimistic about the future despite issues that plague the industry. Source: Google Earth Like many in his field, restaurateur Michael Pasquarello...
Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting
Senate Minority Leader Mitch McConnell speaks to reporters after the Senate Republican lunch on Capitol Hill in Washington, March 23, 2021. Kevin Lamarque | Reuters Senate Minority Leader Mitch McConnell said an infrastructure plan should cost no more than $800...
Pound Clears $1.41, Shrugs off Scottish Referendum Threat, Eyes UK GDP
UK Prime Minister Boris Johnson has tightened his grip in England but calls for a new Scottish independence referendum have grown louder following last week’s regional and local elections across Britain. The pound is nevertheless rejoicing as the Scottish National...
US 500 Index Sustains Steady Hike into Uncharted Waters
The US 500 stock index (Cash) has registered a fresh all-time high of 4,244 and is maintaining its’ decisive bullish tone, which is being shielded by the Ichimoku lines. Moreover, the firm incline in the slopes of the simple moving...
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