Gold Continues To Consolidate: When Will It Finally Break Out?
Over the last six months, the world’s oldest store of value has spent most of its time consolidating between $1800 and $2000, frustrating bulls and bears alike. Notably, this period also includes a resurgence of the worst global pandemic in...
Inflation likely increased slightly in January, bolstered by rising gas prices
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of...
Job openings increased toward the end of 2020, but a big employment gap remains
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Employers added slightly more job posts late last year, but hiring slipped as the labor market...
Mortgage delinquencies sink to pandemic low, but distress is far from over
H&R Block mortgage services sign Jb Reed | Bloomberg | Getty Images Mortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year...
JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and...
US Dollar ahead of Inflation Data: DXY
As we wrote in the Week Ahead, the US Dollar (vis a vis the US Dollar Index) has been in a tear since early January. The reason seems to be that higher inflation expectations have been creeping into the market,...
US CPI in Focus as Yellen and Fed Downplay Inflation Fears
With so much talk of inflation lately, the monthly print of the consumer price index (CPI) out of the United States on Wednesday (13:30 GMT) might attract a bit more attention than usual. After the NFP disappointment, stronger-than-expected CPI data...
New Zealand Dollar Drifting
The New Zealand dollar is almost unchanged in Tuesday trade. Currently, NZD/USD is trading at 0.7228, up o.08% on the day. New Zealand Inflation Expectations accelerates New Zealand has done an excellent job of containing Covid-19, as the country has...
Dollar Stays Weak but Buying Turns to Swiss Franc and Yen
Dollar stays generally weak entering into US session. But as risk appetite cools slightly, buying focus is turning to Swiss Franc and Yen. Euro is currently following the two as the next strongest. Canadian Dollar is following Dollar as second...
EUR/USD Outlook: Acceleration Above The Neckline Generates Initial Reversal Signal
Near-term focus shifts higher as the euro extends recovery in early trading on Tuesday, adding to initial reversal signals (double-bottom on daily cloud base / daily bullish engulfing). Fresh advance moves above the neckline of daily H&S which capped the...
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