Dollar’s Selloff Intensifies after Poor Initial Jobless Claims
Dollar’s selloff intensifies further today, after worse than expected job data. Also, markets are generally on risk-on mode, as traders are optimistic that stimulus deal could be reached in the Congress soon. Swiss France is currently the next weakest, having...
BOE Stays Put as Deadline of Brexit Talk Approaches
BOE left the Bank rate unchanged at 0.1% and the asset purchase program at 875B pound. The central bank remained cautious about the “unusually uncertain” economic outlook and pledged to take “whatever additional action is necessary” if the outlook for...
CADJPY Falls from 10-month High but Outlook Still Positive
CADJPY has been showing an upside tendency since May 7, creating higher lows along a tentative ascending trendline. Despite the latest pullback from a ten-month high of 82.10, the price is still above its simple moving averages (SMAs), though the...
EUR/USD Trades Near 1.2240
During Thursday morning hours, the EUR/USD currency pair exceeded the weekly R2 at 1.2222. It is likely that now the exchange rate could gain support from the predetermined level and continue to trade upwards in the short term. Note that...
Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally
Omar Marques | LightRocket | Getty Images Bitcoin hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year. The world’s most-valuable digital currency...
AUDUSD Stretches Bullish Wave To Fresh 2 ½-Year High
AUDUSD’s impressive rally shows no signs of abating as the pair is set to explore the 0.7600 zone for the first time in 2 ½ years. The pair seems to have completed a three-step corrective cycle (a-c) and is currently...
Bitcoin Price Soars To $22,000 As Instituational Demand Rises
The price of digital currencies soared overnight as optimism about institutional demand rose. This is after One River Asset Management joined forces with Brevan Howard to invest more than $600 million into Bitcoin. Other large investors like Ark Invest and...
Dollar Extends Fall after FOMC, BoE and SNB Next
Dollar’s decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one,...
Fed Pledged to Continue QE Until “Substantial Progress” Seen in Employment and Inflation
The major changes in the December were forward guidance in the asset purchase program (QE) as well as upgrades in economic forecasts. The Fed left the policy rate unchanged at 0-0.25% and asset purchases at US$120B per month. The updated...
Fed commits to keep buying bonds until the economy gets back to full employment
The Federal Reserve on Wednesday made a key adjustment to its efforts to support the economy, while upgrading its outlook for growth. As expected, the Fed held benchmark interest rates near zero following the conclusion of its two-day meeting. Investors...
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