EUR / USD has hit a new low at 1.1656, since the dollar has finished its rest. The USD has benefited from increased US Treasury yields. Benchmark 10-year bond yields hit 1.56% on Tuesday and the US dollar continues to rise despite some stability in the bond market. The concerns about the debt ceiling and […]
Tag: Last minute
President Powell Says It May Be Appropriate To Start Reducing Bond Buying This Year
In his remarks prepared for delivery at the Jackson Hole Economic Symposium titled “Macroeconomic Policy in an Uneven Economy,” FOMC Chairman Jerome Powell has said that he thought at the July policy meeting that it would be appropriate to start reducing the asset purchase this year. Additional comments “My view is that the case of […]
Some FOMC members want to start preparing for asset downsizing soon
The FOMC July Policy Meeting Minutes revealed that some participants suggested that it would be prudent for the committee to prepare to begin reducing its asset purchase rate relatively soon. Market reaction With the initial market reaction, the dollar began to weaken against its main rivals and the US dollar index was last seen losing […]
RBNZ keeps OCR unchanged at 0.25%
The members of the Board of the Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (OCR) at the all-time low of 0.25% in August, against market expectations of a rise of 25 basis points. Additional comments It keeps the OCR unchanged at this meeting given the greater uncertainty with the […]
Pfizer Reports Second Quarter 2021 Earnings
Pfizer (PFE) reported second quarter 2021 earnings on Wednesday July 28 before the market opened. Pfizer reported Earnings Per Share (EPS) of $ 1.07 vs. Wall Street analysts’ median estimate of $ 0.96. The revenue was $ 19 billions versus the median analyst estimate of $ 18.45 billion. Pfizer also raised its full-year guidance from […]
Some FOMC members see increased uncertainty around the economic outlook
The FOMC Meeting Minutes June 15-16 revealed Wednesday that the committee’s standard of “further substantial progress” was generally considered to have not yet been met, according to Reuters. Market reaction With the initial market reaction, the dollar weakened modestly against its rivals and the US dollar index, which hit a three-month high of 92.84, was […]
Gold price rises above $ 1,800, focus shifts to ISM PMI
The price of gold is accelerating its bullish momentum, finally achieving a firm break above the $ 1,800 level, as it updates three-week highs. The persistent bearish sentiment around the US dollar continues to bode well for the price of gold, denominated in dollars. The dollar is affected by uncertainty about the next monetary policy […]
13 Fed members expect the first rate hike in 2023
The updated summary of projections from the US Federal Reserve revealed on Wednesday that seven authorities see a takeoff in the federal funds rate from the current zero level in 2022, compared to four legislators who stated this in the March publication. Additionally, the number of lawmakers who see the federal funds rate rise from […]
TSLA bounce continues as Bitcoin stabilizes
Tesla shares rally as Bitcoin bounces toward $ 40,000. TSLA breaks above the 200-day moving average on a strong move. TSLA is targeting $ 625 as the next resistance target. Tesla stocks have continued to show that oscillators can prove useful in predicting tipping points, as stocks posted a clear 4.4% gain on Monday to […]
TSLA May Still Fall Below $ 500 Dragged By Bitcoin
Tesla is still heading to dip below $ 500, support at $ 539 is on the way. TSLA shares are likely to suffer from your investment in Bitcoins. TSLA breaks the key level of the 200-day moving average. The actions of Tesla continue to suffer, facing many headwinds in 2021. Recently, Mixed income reports preoccupied […]