EUR/USD Tests Resistance
Since Wednesday, the EUR/USD currency pair has been testing the resistance formed by the weekly R1 and the monthly PP circa 1.1782. Given that the exchange rate continues to trade within the short-term ascending channel, it is likely that some...
Stanford professor on the new remote work economy: A ‘productivity disaster’ and ‘ticking time bomb for inequality’
One of the biggest changes brought on by the coronavirus pandemic has been the inundation of working from home — and it doesn’t come without challenges. As an economics professor at Stanford University, I’ve talked to dozens of CEOs, senior managers...
EUR/USD Bullish Bias Above 1.1755
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1785 & 1.1805 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1740 & 1.1725 as targets. – advertisement – Comment A support base at 1.1755...
Yen Stays Pressured on Surging Stocks and Yields, Dollar Keeps On Defending
Yen continues to feel much selling pressure, partly thanks to strength in treasury yields, and partly due to the strong rebound in US stocks overnight. Asian markets turned mixed, however, with Hong Kong and Singapore in slight red. New Zealand...
British Pound Rises On Renewed Hopes Of A Brexit Breakthrough
The US dollar was little changed as the market reacted to the minutes of the previous Fed interest rate decision. The minutes showed that the central bank was concerned about the state of the economy now that congress had failed...
As stimulus talks falter, the U.S. economy faces growth coming to a halt
Senate Minority Leader Chuck Schumer, a Democrat from New York, left, listens as U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks to members of the media following a meeting at the U.S. Capitol in Washington, D.C., on Friday,...
Fed officials worried that lack of help from Congress will threaten recovery, minutes show
Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize an economy recovery that was moving faster than expected, according to minutes released Wednesday from the central bank’s September meeting. The Federal Open Market Committee on Wednesday...
FOMC Minutes Reveal that Upgrade on Economy Greatly Hinged on More Fiscal Stimulus
The minutes for the September FOMC meeting reveals that the members generally agreed to adopt the new monetary policy framework and change the forward guidance in the way presented in the statement. While the economic projections were upgraded in the...
‘No. 1 catalyst’ for market volatility is virus aid gridlock – not election uncertainty
National Securities’ Art Hogan blames the market’s wild swings on lawmakers’ inability to pass a second round of direct coronavirus relief. According to the firm’s chief market strategist, the gridlock influencing stocks is even more powerful than election uncertainty. “The No....
Mortgage rates set another record low, sparking new strength in refinances
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent...
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