Weekly Economic & Financial Commentary: Interest Rate Volatility Near a Decade-High
Summary United States: From Factories to Construction Sites, Supply Shortages Slow Activity Economic reports this week for both manufacturing and homebuilding shared two main themes: disappointing headline numbers, but plenty of backlogs for future work. Whether it is new homes...
Pending home sales sink in February, setting a grim tone as housing market enters key spring season
A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington. Jim Bourg | Reuters In a grim sign for the housing market’s busiest season, pending home sales, which...
Weekly Focus – Fed is Stepping Up the Pace
As the conflict in Ukraine remains frozen for now, markets have started shifting their attention also to other topics, especially monetary policy signals. Despite volatile oil prices rising again to USD/bbl 120 after Russia demanded Rouble payments for gas, positive...
AUD/USD outlook: Bulls are losing traction on approach to key resistance
The Australian dollar remains well supported, with strong gains against Japanese yen, underpinning the AUDUSD pair. Aussie advanced around 5% vs the US dollar and 10% vs yen in past almost two weeks, as Japanese currency remains under pressure on...
The second Cold War is already beginning, experts say, and many of the battles are being fought with economic weapons
Just 60 years ago, the U.S. and the Soviet Union were at the height of a Cold War that nearly resulted in nuclear warfare. Today, experts say, the U.S. and its old foe, now Russia, are headed into another one....
Euro Weakens after Poor Germany Business Climate, Yen Struggles to Recover
Euro turns slightly softer after poor German business climate reading, in particular against Swiss Franc, Aussie and Loonie. Dollar is also weak except versus Yen. Yen is trying to recover but there is no clear follow through buying. It’s the...
GBP/USD Outlook: Cable Remains Directionless Between Pivotal Fibo Levels
Cable holds in a choppy and directionless mode for the second straight day and remained resilient despite downbeat UK retail sales data for February. Weaker dollar in European trading on Friday helped sterling ahead of pivotal support at 1.3150 (50%...
GOLD ($XAUUSD) Buying The Dips After Elliott Wave Zig Zag
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD, published in members area of the website. As our members know, we’ve been favoring the long side in the...
EUR/USD Pair Started a Fresh Increase from $1.0950
The Euro started a fresh increase from the 1.0950 support zone against the US Dollar. The EUR/USD pair traded above the 1.1000 resistance level and the 50 hourly simple moving average. It even moved above the 1.1020 level and cleared...
Dollar Turning Softer in Mixed Markets, Gold Extends Rebound
Overall markets are mixed in Asia today. While stocks in Hong Kong are suffering renewed selling, Japan and Singapore are steady. Gold is lifted by general weakness in Dollar. Yen’s selling looks more and more exhausted even though it’s still...