COVID-19 contributes to 1.6 percent fall in March quarter GDP

Gross home product (GDP) fell 1.6 percent inside the March 2020 region, the most important drop in 29 years, because the preliminary results of COVID-19 regulations impacted on financial activity, stats NZ said nowadays. This region’s GDP consequences showed an extensive drop in monetary interest as journey restrictions took keep and the United States of […]

Fed, BoJ fire up markets

BOJ’s expanded programmed boosts the Nikkei; Fed’s corporate bond buying lifts sentiment; Credit rally spurs a wave of new bond offerings (ATF) buyers stormed again into danger markets after valuable banks around the sector reiterated their guide to reeling economies with buybacks, mortgage programmed and other forms of assistance. Financial institution of Japan governor Haruhiko […]

When are the UK CPIs and how could they affect GBP/USD?

The Cost of living inside the UK as represented via the Consumer price index (CPI) for May additionally month is due early on Wednesday at 06:00 GMT. The inflation numbers can be the key for GBP/USD pair as traders search for symptoms of recuperation into the fee pressure following the easing of lockdown regulations. Additionally […]

Is the party over for gold and silver?

For now, the answer is no, but it appears that the midnight hour could be fast approaching.  Platinum has already reversed; gold and silver have looked awful for a couple of weeks but have managed to stay long through our proprietary algorithm.  Gold Pivot Points: S1: 1727.59 S2: 1717.57 S3: 1712.34 Gold clearly looks like it has made another lower high […]

AUD/USD and NZD/USD Fundamental Weekly Forecast –COVID Impact

It turned into the fed’s GDP and unemployment forecasts that rattled Aussie and Kiwi investors sufficient to encourage competitive profit-taking. The Australian and New Zealand greenbacks published dramatic technical final price reversal tops last week, possibly signaling the cease to their 12-week rallies. A shift in investor sentiment becomes liable for the quick reversal within […]

The Digital Dollar 💵

Digital Dollars give the state too much control over money. That’s the takeaway from Thursday’s House Financial Services Committee (FSC) hearing, where witnesses advocated different solutions to the problem. Making the case for an electronic greenback was J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), now a director with the Digital […]

NZD/USD Sell Off Rally

NZDUSD pair remained upbeat in Friday session, recouping some of the losses accrued on Thursday as risk eversion took a toll of sentiments in the market. The dollar rebounded against other major currencies, as fears of a second wave of coronavirus infections, sent traders scampering for safety in Safe-Havens. NZD/USD Sell-Off A strengthened dollar sent […]

EURUSD to Remain Vulnerable Below 1.1400

Justin Bennett mentioned the 1.1340 to 1.1380 resistance area for EURUSD last Saturday. That’s the intersection of a trend line from October 2019 high and the pinnacle of an ascending channel from March twenty seventh of this 12 months. Despite their quality efforts, EUR/USD buyers failed to break 1.1380 this week. They saw the pair […]

IG adds new trade analytics tool

The trade analytics tool is designed to help traders evaluate and improve their trading performance. Digital trading major IG is supplying investors to find out a new exchange trading analytics tool, which targets to help traders compare and improve their buying and selling performance. Traders can get access to the tool directly at the platform. […]