Eurozone GDP to Confirm Double-Dip Recession but Euro Looks to Brighter Q2
The flash estimate of first quarter GDP growth is due out of the Eurozone on Friday at 09:00 GMT. Fresh lockdowns are expected to have dragged the euro area economy into a double-dip recession, highlighting Europe’s bumpy recovery road. However,...
Mortgage rates fall to a two-month low, but weekly demand still drops
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency...
What to Watch Post-FOMC
Traders will be watching for tweaks in the statement and ANY hints regarding timing of the tapering As on most FOMC days, the overnight sessions are quiet. And although not much is expected from today’s meeting, there may be one...
Dollar Staying in Consolidations With Bearish Outlook, FOMC Next
The financial markets are generally steady today as traders are holding their bet ahead of FOMC announcement. US President Joe Biden is set to unveil a USD 1.8T package for family and education, but that’s unlikely to trigger much reaction....
USDJPY Regains Footing And Tussles 109.00 Handle
USDJPY is struggling to overcome the 109.00 hurdle, where the mid-Bollinger band also resides, after recovering some lost ground from a deep price correction from the 1-year high of 110.96. The soaring 50- and 100-day simple moving averages are endorsing...
Fed O’clock
The Federal Reserve (Fed) will announce its latest monetary policy decision today and is broadly expected to maintain its near-zero interest rates and massive bond purchases strategy unchanged at this month’s meeting. Because there will be no policy change, the...
Samsung family announces plans to pay off more than $10 billion of inheritance tax
A Samsung flag (R) and South Korean national flag flutter at the company’s Seocho building in Seoul on April 28, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE — The family of Samsung Electronics’ late chairman announced Wednesday they...
Aussie Tumbles after CPI, Yen Falls as FOMC Awaited
Australian Dollar tumbles broadly in Asian session after weaker than expected CPI data. Sterling is following as the second weakest , and then New Zealand Dollar. Dollar firms up mildly as traders await FOMC rate decision, but the rebound is...
Elliott Wave View: Copper Should Remain Supported
Short term Elliott wave view in Copper (HG) suggests the rally from April 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 1 low, wave 1 ended at 4.16 and pullback in wave...
Americans support Biden’s spending and want him to spend more, polls show
President Joe Biden delivers remarks on the administration’s coronavirus disease (COVID-19) response outside the White House in Washington, U.S., April 27, 2021. Kevin Lemarque | Reuters Americans broadly back the big-ticket spending proposals that have defined President Joe Biden’s first...
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Trading education
Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
Daily Forex Trading Course Walkthrough: Part TwoForex Trading Course Walkthrough Talking Points: This is the second of a ten-part series in ... 
Forex Trading Truth or Lie? Uncovering the Truths of FX TradingDo you know the truths about forex trading? Traders face a barrage of information when ... 
Daily Forex Trading Course Walkthrough: Part FiveForex Trading Course Walkthrough Talking Points: This is the fifth of a ten-part series in ... |