Cryptocurrencies
Streaking Pound Pushes Past 1.37
The British pound has extended its gains for a third straight day. In the European session, GBP/USD is trading at 1.3736, up 0.23% on the day. There are no tier-1 events out of the UK Read more…
Cryptocurrencies
Here’s a Hot Tip: A Shopping Mall Operator
This company is bucking the trend with its high-end retail centers, Real Money’s Paul Price argues. If any conventional wisdom has survived the past few years, it’s this: shopping malls are on their way out. Read more…
Cryptocurrencies
Dollar Index Falls to Two-Month Low on ‘Buy the Rumor-Sell the Fact’
The dollar continues to travel south in early Thursday, extending previous day’s 0.63% post-US CPI data drop (the biggest one-day fall since Oct 28). The dollar came under pressure after Fed Powell’s speech, which investors Read more…
Cryptocurrencies
ECB bulletin: Eurozone output to exceed pre-pandemic level in Q1
In the monthly economic bulletin, ECB said, “the global economy remains on a recovery path, although persisting supply bottlenecks, rising commodity prices and the emergence of the Omicron variant of the coronavirus (COVID-19) continue to Read more…
Cryptocurrencies
Fed Harker open to more than three hikes if required
Philadelphia Fed President Patrick Harker said in an FT interview, “I currently have three increases in for this year, and I’d be very open to starting in March. I’d be open to more if that’s Read more…
Cryptocurrencies
USDCHF Extends Retreat after Sharp Sell-Off
USDCHF has been marching higher in the medium-term, creating a profound structure of higher highs and higher lows. However, in the last few sessions the pair has experienced a moderate pullback as the price dived Read more…
Cryptocurrencies
EURJPY Continues its Advance Amid Persisting Positive Forces
EURJPY continues its advance from the December lows, amid persistent positive momentum. Moreover, the pair’s successive higher lows together with the recent golden cross, where the 50-period simple moving average (SMA) has crossed above the Read more…
Cryptocurrencies
AUDUSD Resumes Bullish Bias at 2-Month High
AUDUSD opened Thursday’s session on a positive note, aiming to repeat Thursday’s rally, which cracked the ceiling around 0.7274. The price has already recovered half of November’s sell-off to trade at a 2-month high, with Read more…
Cryptocurrencies
Equity Bulls Jittery, Dollar Sinks as Investors Digest Inflation Data
Most Asian shares ventured into negative territory this morning while European stocks markets have opened up marginally lower open after the December U.S. inflation report reinforced Fed rate hike expectations. The U.S. consumer price index Read more…
Cryptocurrencies
US Oil Continues Upward
WTI crude climbed higher after a larger-than-expected fall in US inventories. A close above the daily resistance at 79.00 was a strong bullish sign. Following a brief pause, the rally accelerated above 80.40. Sentiment remains Read more…