The Weekly Bottom Line: Federal Budget Headlines The Week Ahead
U.S. Highlights Headline inflation jumped in March, but it’s too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and the Fed unlikely to sit on the sidelines if they drift up persistently. Retail sales surged...
Week Ahead – BoC Set to Taper, ECB Unlikely to Rock Euro
It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders busy. The Bank of Canada seems ready to scale down its gigantic QE program, though the...
XAU/USD Outlook: Gold Rises to Seven-Week High, Fresh Advance Completes Double-Bottom Pattern
Spot gold rose to seven-week high on Friday, gaining 0.8% for the day in extension of Thursday’s 1.5% advance. Weaker dollar and US Treasury yields holding near one-month low were the main drivers of the yellow metal in past two...
Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing
Betterment launched a new savings option that pays users up to 2.69% interest. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the...
Dollar Edges Lower in Quiet Trading, Gold Extends Rally
Dollar edges lower today but there is no follow through selling so far, in quiet markets. Still, the greenback is set to end the week as the worst performer, followed by Canadian and Swiss Franc. Sterling dipped notably earlier today...
Has Gold Ended the Eight Months Correction?
There’s a lot of talk in Fintwit lately suggesting that precious metals may have ended the long 8 months correction and ready for the next glorious rally. In this article, I will attempt to answer the question whether Gold has...
Europe Rallies on Impressive China, US Data
European equities head higher European bourses are on the rise rounding off an upbeat week. Following all-time highs on Wall Street overnight and record Chinese quarterly economic expansion, stocks across Europe appear well supported heading towards the weekend. Signs of...
USD/JPY Outlook: Close Below 200WMA To Signal Deeper Pullback
Bears are taking a breather on Friday but remain firmly in play following bearish signal generated on repeated close below pivotal Fibo support at 108.99 (23.6% of 102.59/110.96 / 200WMA). The pair is also on track for the second consecutive...
EUR/USD Outlook: Bulls Remain In Play And Consolidate Ahead Of Fresh Attack At Key 1.20 Zone
The Euro regained traction on Friday and edged higher, minimizing negative impact from Thursday’s close in red which signaled that bulls are running out of steam ahead of key barriers at 1.2000/06 (psychological/daily cloud base). The uptrend from 1.1704 (Mar...
BTCUSD $60,000 Possible
Bitcoin is coming under downside pressure alongside the rest of the crypto market this morning after Turkey banned cryptocurrency transaction. Recent weakness around the $63,000 level hinted that the BTCUSD pair may be about to stage a meaningful correction. In...
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