Dollar and Yen Firm as Asia Stabilizes, Euro Awaits ECB
The forex markets are rather steady in Asian session today, after the sharp moves overnight. Asian stocks are rather immune from the mini crash in the US. Still, for the week, Yen and Dollar are currently the strongest ones on...
Elliott Wave View: Silver (XAG/USD) Correction May Extend
Short term Elliott Wave View in Silver (XAGUSD) suggests that cycle from August 7 peak is unfolding as a triple three Elliott Wave structure. In the 60 minutes chart below, the metal ended wave ((X)) ((X)) at $25.57. Silver is...
BOC Recalibrated QE with Focus on Long-term Bonds. Downgraded Growth for 2021
BOC left the policy rate unchanged at 0.25% in October. The central bank explicitly noted that the policy rate will stay unchanged at least until 2023. Meanwhile, it announced to “recalibrate” the QE program, reducing weekly purchases “gradually” to at...
Asia Morning: U.S. Stocks Suffer 3% Sell-Off
On Wednesday, U.S. stocks encountered another sell-off within the week. The Dow Jones Industrial Average tumbled 943 points (-3.43%) to 26520, the S&P 500 slumped 119 points (-3.53%) to 3271, and the Nasdaq 100 plunged 456 points (-3.93%) to 11142....
Brace for a ‘fairly scary time’ on Wall Street, Wells Fargo warns
Wells Fargo Securities’ Michael Schumacher has a message for investors: Buckle up. The firm’s head of macro strategy warns Wednesday’s market turbulence may just be a preview of what’s ahead. “When you think about the U.S. elections, Covid worsening [and]...
As Washington delays stimulus, the Fed is running out of ways to help the economy
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing on September 23, 2020 in Washington, DC. Stefani Reynolds | Pool | Getty Images Federal Reserve officials have been pressing Congress...
BoC “Calibrates” QE But Stays the Course with Stimulus
Overnight rate held at 0.25%, set to stay there until 2023 QE purchases trimmed back slightly, maturities extended Near-term GDP forecasts revised higher but protracted recovery still expected The Bank of Canada left interest rates unchanged this morning and maintained...
The post-Covid ‘zombification’ of advanced economies is here to stay, EIU warns
People pass by The New York Stock Exchange. Angela Weiss | AFP | Getty Images LONDON — The coronavirus pandemic is likely to cause a long-lasting “zombification” of the global economy, a prominent research firm warns. Agathe Demarais, global forecasting...
Prices Don’t Always Move in a Straight Line: S&P 500, EUR/USD, AUD/USD
Stocks are lower today and the US Dollar is higher today as fears of contagion from the coronavirus and the possibility of more national lockdowns are taking hold (It was just recently released that Germany’s lockdown will begin on Monday...
Intensifying Worries on Very Serious Coronavirus Situation in Europe, Dollar and Yen Surge on Risk Aversion
Intensifying worries over out-of-control coronavirus spread in Europe push European stocks to 5-month low today. US futures also point to sharply lower open as this week’s decline would likely extend. Dollar and Yen jump on risk aversion, followed by Swiss...
Signal2forex.com - Best Forex robots and signals




