In the prepared remarks for the nomination hearing before Senate Banking Committee, Fed Chair Jerome Powell said, “today the economy is expanding at its fastest pace in many years, and the labor market is strong.” Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation from our 1st resistance at 96.029 in line with 61.8% Fibonacci extension towards Read more…
Dow Jones reversed from resistance level 36800.00 Likely to fall to support level 35000.00 Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Read more…
USDCAD reversed from support level 1.2615 Likely to rise to resistance level 1.2800 USDCAD currency pair recently reversed up from the key support level 1.2615 (which has been reversing the price from the start of Read more…
Predicting oil prices is a difficult job at the best of times. Still, it is increasingly difficult as COVID-19 and its variants continue to suspend consumers’ plans and disrupt the balance between oil demand and Read more…
As mentioned earlier, there hasn’t been any relief for technology stocks or cryptocurrencies at the start of the new week. But at the time of writing, Bitcoin was sharply of its earlier low after dipping Read more…
Key Highlights GBP/USD extended increase above the 1.3550 resistance zone. A major bullish trend line is forming with support near 1.3525 on the 4-hours chart. EUR/USD failed to continue above 1.1380 and corrected lower. Crude Read more…
Last Friday, US Non-Farm Payrolls underwhelmed markets with a print of +199,000 vs an expectation of +400,000. However, the Unemployment Rate fell to 3.9% from 4.1% and Average Hourly Earnings increased by 0.6% MoM vs Read more…
On Wednesday, the US will release the December Consumer Price Index (CPI). The headline print is expected to be the highest in 40 years at 7.0% YoY (some forecasts are higher) vs a 6.8% YoY Read more…
NFL free agent Dez Bryant is launching a series of NFTs that reflect players’ real-time sports stats. National Football League star Dez Bryant is joining a growing list of famous names to tap into the Read more…