Cliff Notes: Australia’s COVID-19 Recovery Continues to Gain Traction
Key insights from the week that was. This week highlighted Australia’s continued outperformance coming out of the COVID-19 recession. In the US meanwhile, there was clear evidence of the FOMC’s willingness to provide extraordinary support for years, if necessary. Beginning...
USD Seems To Be Rebounding
The USD yesterday continued to weaken against a number of its counterparts, yet during today’s Asian session rebounded somewhat recovering part of the yesterday’s losses. Fundamentally the negotiations in the US Congress about a fiscal stimulus deal seem to continue...
US: Housing Starts Continue to Rise in November
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
Jobless Claims Continue to Rise, Oil and Gold Rally on Weaker Dollar, Bitcoin Party Continues
US stocks are rallying on COVID relief bill optimism and hopes that a post-Brexit trade deal will be reached by Sunday. Wall Street is completely focused on stimulus talks and ignored deteriorating US economic data, except for the robust housing...
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...
NZ Dollar Drifting ahead of GDP
It has been an uneventful day for NZD/USD. Currently, the pair is trading at 0.7074, down 0.18% on the day. However, the calm could quickly change, as New Zealand releases GDP for Q3 (21:45 GMT). New Zealand GDP expected to...
US Dollar Losses Continue
US dollar sell-off resumes overnight The US dollar extended its losses for the week, the dollar index falling by 0.26% through support at 90.50. Assuming it navigates the FOMC without incident, the dollar index remains poised for further losses, with...
Fed Likely to Skip QE Boost, May Adjust Composition and Forward Guidance
The Federal Open Market Committee (FOMC) begins its two-day policy meeting on Tuesday, with a decision expected on Wednesday at 19:00 GMT. Federal Reserve Chair Jerome Powell will give his last post-meeting press briefing of the year 30 minutes later....
Stocks Rally Vaccines, Stimulus Hopes
Stocks rally vaccines, stimulus hopes, and robust iPhone demand, Dollar softer ahead of Fed, oil rises, gold steadies US stocks are rising on optimism that Moderna’s vaccine will take a step closer toward FDA authorization, lawmakers will pass a compromised...
FOMC Meeting Preview: Threading A Needle
As we kick off the final full trading week of 2020, traders will be focused on a busy calendar of economic data, as well as major central bank meetings including from the Federal Reserve. As my colleague Joe Perry noted...
Signal2forex.com - Best Forex robots and signals




