Fed Cautiously Optimistic about Recovery with Fiscal Support. USD Upside Limited as Accommodative Policy Remains in Place
The FOMC minutes for the January meeting revealed that policymakers were cautiously optimistic over the economic outlook. Meanwhile, it also dampened hopes of tapering. US dollar’s rebound has been driven by more upbeat economic data and rising yields. However, the...
Aussie Mildly Higher after Job Data, Oil Extends Up Trend
Australian Dollar strengthens mildly in Asian session today, as supported by another set of solid job data. But overall, trading in the forex markets is subdued. Dollar is taking a breather as FOMC minutes provided no special inspirations. The greenback...
USD/CHF Signaling Fresh Increase, 0.9000 Holds The Key
Key Highlights USD/CHF found support near 0.8870 and started a fresh increase. There was a break above a contracting triangle with resistance near 0.8935 on the 4-hours chart. EUR/USD declined below 1.2100, gold price broke the $1,800 support. The US...
Here’s what to expect from Thursday’s GameStop hearing with Robinhood, Citadel and Reddit CEOs
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known...
Homebuilder confidence improves, despite record high lumber prices
A contractor works on the basement of a home under construction in the Toll Brothers Regency at Palisades community in Charlotte, North Carolina. Luke Sharrett | Bloomberg | Getty Images Buyer demand for newly built homes continues to surge, and...
Pound Powers Higher ahead of UK Data
The latest batch of British data will hit the markets on Friday. Retail sales will be released at 07:00 GMT ahead of the PMI business surveys at 09:30 GMT. Forecasts point to relatively soft numbers, which would confirm the economy...
Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans
People count money at Macy’s Herald Square store in New York. Andrew Kelly | Reuters Total consumer debt rose to nearly $14.6 trillion as 2020 came to a close, pushed by a record-breaking rise for mortgages in the red-hot housing...
AUDJPY Cools Down Near Two-Year Peak
AUDJPY continues its steady march higher. The structure of higher peaks and higher troughs remains intact since October, while the pair is also trading above all of its moving averages (MAs), a combination that keeps the broader outlook positive. That...
Retail sales burst higher in January as consumers use stimulus checks to spend heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according to a government report Wednesday. Economists surveyed by Dow Jones were expecting a rise of just...
Dollar Rebounds Further on Strong Retail Sales, Euro and Swiss Franc Suffer
Dollar’s rebound gains much momentum in early US session with a little help from much stronger than expected retail sales data. Canadian Dollar is following as second strongest for today, riding on rally resumption in oil prices. On the other...
Signal2forex.com - Best Forex robots and signals




