EURGBP Buyers Re-Emerge after One-Week Descent
EURGBP is seeing lingering downside risks despite an increase in buying interest around the 0.8327 level, which unfolded slightly below the simple moving averages (SMAs). That said, from the beginning of the year, the broader bearish trend has glided into...
AUD/USD Rallies Above 0.7600, FOMC Next
Key Highlights AUD/USD started a strong increase above the 0.7520 resistance. A key bullish trend line is forming with support near 0.7530 on the 4-hours chart. EUR/USD extended decline below the main 1.0950 support. GBP/USD failed to clear the 1.3200...
81% of U.S. adults are worried about a recession hitting this year, survey finds
After two years of the coronavirus pandemic, a recession and a rapid recovery, Americans are worried that the economy may swiftly decline once again. Some 81% of adults said they think the U.S. economy is likely to experience a recession...
Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol Hill January 13, 2022 in Washington, DC. Drew Angerer |...
Stocks making the biggest moves in the premarket: Carvana, First Solar, Generac and more
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138...
Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.
Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, pointed to a potentially...
Yen Takes a Pause after Busy Week
The Japanese yen has started the week with slight gains, as USD/JPY is trading at 122.75 in the North American session. It was a rollercoaster week for the yen, which showed strong volatility throughout the week. USD/JPY posted considerable gains...
Crude Oil Already Considered Negative News
On Monday 4 April, the Brent price is “in the black”; the asset is trading at $105.40. This sharp decline in oil prices was caused by US President Joe Biden’s decision to “unleash” the country’s reserve oil tanks and sell...
Gold Consolidates Around 50% Fibonacci Level
Gold has stabilized around the 1,925 level, which is the 50.0% Fibonacci retracement of the near six-week rally from 1,780 until the 19-month high of 2,070. The rising simple moving averages (SMAs) continue to endorse the bullish trend in the...
Natural Gas Without Hysteria
The energy sector has retreated markedly from its highs in the first days of March but remains a hot topic for markets. Europe’s gas market survived several bouts of fear that it would be without Russian gas. However, we only...