US Dollar Index Outlook: Dollar Index Falls To One-Month Low But Bears May Take A Breather
The dollar holds in red against its major counterparts for almost two weeks and hit one-month low on Thursday. Falling US Treasury yields and signals that the US central bank will keep ultra-low interest for some time, despite recent strong...
The economy is running on a stimulus-fueled caffeine high. What will happen when it wears off?
Construction worker make infrastructure repairs on the intersection of Church Avenue and Coney Island Avenue in the Flatbush neighborhood of Brooklyn borough on April 06, 2021 in New York City. Michael M. Santiago | Getty Images The setting for 2021...
Online bank N26 jumps into insurance, taking on giants like Allianz
German online bank N26 has launched an insurance service. N26 LONDON — German digital bank N26 is getting into insurance. The Berlin-based fintech said Thursday that it’s launching insurance policies for smartphones in partnership with local start-up Simplesurance. Plans start...
Dollar Taking a Breather as EUR/USD Presses Near Term Resistance
The forex markets turned mixed in Asian session. Dollar is taking a breather after yesterday’s selloff, but remains the worst performing one for the week. Australian Dollar retreats mildly after strong employment data. But the Aussie is still the second...
Market Morning Briefing: Aussie Has Bounced Well As 0.7580 Holds Good
STOCKS Equities remain mixed. Dow is stuck in between 33500 and 34000 while DAX between 15100 and 15300. They will have to break above 34000 (Dow) and 15300 (DAX) to move up further. Else a fall can be seen from...
Onto Fed’s Vaccination Guidance
USD drops across the board following oil’s 4% jump to 62.90s and markets’ shrugging of a US CPI that was a touch higher than consensus. Today’s Coinbase IPO coupled with Fed Chair Powell’s appearance raises questions about the timing of...
Jamie Dimon says U.S. consumers are ‘coiled, ready to go’ with $2 trillion more in checking accounts
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images Government...
Is Euro Headed for 1.20?
EUR/USD is in positive territory for a third straight day. Currently, EUR/USD is trading at 1.1957, up 0.07% on the day. The euro has quietly but steadily moved within striking distance of the 1.20 line, which has psychological significance. EUR/USD...
Gold Snags Necessary Footing for Retest of Range’s Ceiling
Gold recently established some positive traction off the converged simple moving averages (SMAs) and the Ichimoku cloud’s upper surface, after failing to previously clear the resistance band of 1,756-1,760. Currently the SMAs do not confirm a commanding price direction, however,...
Swiss Franc Weakens With Dollar, Aussie and Kiwi Firm
The financial markets are generally steady today, as European indices are mixed in tight range. US futures point to slightly higher open, as S&P 500 could extend record run. Gold and oil are both still range bound. In the currency...
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