WTI Oil: Renewed Optimism Over Global Demand Recovery Lifts Oil Price Towards Multi-Week Highs
WTI oil rose on Monday, retracing the largest part of Friday’s fall and shifting near-term focus higher again, after bulls were impacted by rising demand fears over surge in India’s coronavirus cases and higher oil supply. Fresh optimism over a...
Euro Rebounds on Superb German Retail Sales
The euro is in positive territory on Monday. In the North American session, EUR/USD is trading at 1.2050, up 0.43% on the day. Germany, the eurozone’s largest economy, impressed with a Retail Sales report for March that crushed the consensus....
USD Index Outlook: The dollar Eases after Recovery Ran Out of Steam; Key Economic Events in Focus this Week
The dollar made a soft start of the week and puled back from one-week high, posted after last Friday’s 0.76% advance. Profit-taking and lowered volumes due to holidays in China, Japan and Britain, pushed the greenback lower on Monday. Traders...
Markets Back in Risk on Mode, Dollar Softens Mildly
Markets seem to be back in mild risk on mode in Europe, shrugging off the selloff in Asia. US futures also point to higher open, as the record run could resume this week. The currency markets are relatively mixed. Yen...
Dollar Gets A Second Wind Ahead Of ISM Data
Taper talk, mild risk aversion, and month-end flows reawaken the dollar Wall Street takes a minor hit but after a fantastic month All eyes on ISM survey today and RBA rate decision afterward Dollar strikes back A battle of narratives...
RBA Preview: Upgrading Economic Assessment while Pledging to Expand QE Purchases
While the RBA is likely to leave all monetary policy measures unchanged at this week’s meeting, the quarterly Statement on Monetary Policy (due May 7) would be closely watched. We expect policymakers to upgrade economic assessments moderately and pledge to...
AUD/USD Bullish Zone Is Holding
The AUD/USD is making 1-2-3 bullish pattern at the weekly and daily support zones and slightly above the ATR projection low. 0.7705-0.7720 is the zone where buyers should show up. 1-2-3 pattern is holding and bouncing off the camarilla weekly...
Big bank exits and fintech upstarts: Ireland’s banking landscape is undergoing drastic change
A woman walks by Bank Of Ireland ATMs in Dublin city center. NurPhoto | NurPhoto | Getty Images DUBLIN — The complexion of Irish banking has changed drastically. Over the space of just a few weeks, NatWest-owned Ulster Bank announced...
Yen Selloff Continues Despite Risk Aversion in Asia
The forex markets are relatively quiet in Asia, with Japan and China on holiday. Main theme is extended selloff in the Japanese Yen despite steep decline in Hong Kong and Singapore stocks. Aussie and Kiwi are the mildly firmer ones...
Warren Buffett says Robinhood is catering to the gambling instincts of investors
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller Legendary investor Warren Buffett believes millennial-favored stock trading app Robinhood is contributing to the speculative, casino-like trading activity in the stock market and benefitting...
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