By Admiral Markets Source: Pexels Health and fitness are trending globally, and we don’t expect this trend to go anywhere in 2018. Under Armour – the American manufacturer of sports and casual apparel, footwear, and gear – saw its share price rise sky-high on Tuesday morning, following the release of their Q4 sales report. The […]Read More »
By Money Metals News Service This article and another were written for Miles Franklin. Since this article was written in early January stock indices have bubbled higher. Some analysts have dreamed of a “melt-up” for stock markets. Regardless, bubbles crash eventually. The Dollar The Dollar Index dropped from 102.28 on December 30, 2016 to 91.82 […]Read More »
EUR/USD retreated from the highest level in three years. While positive US macroeconomic data released over the Friday’s session added to the downside momentum of the currency pair, most analysts believed that the reason for today’s decline was profit-taking ahead of Monday’s holiday in the United States. That means that the decline is …Read More »
EUR/USD extended its rally today after reversing losses caused by the US CPI yesterday. Today’s mixed economic reports in the United States gave the currency pair few reasons to stop its upward movement.
PPI rose 0.4% in January, matching expectations, after falling 0.1% in December. (Event A on the chart.)
NY …Read More »
Article by ForexTime Oil bulls got another thing to cheer about today as Russia and OPEC announced they were looking to draft a long term agreement around an alliance to help control oil markets. This seems like a fantastic opportunity for OPEC, but in reality Russia has already been assisting OPEC for some time. Secondly […]Read More »
By IFCMarkets Drought bullish for wheat prices Drought conditions are expected to continue across US south western Plains. Will the wheat price resume advancing? Radiant Solutions forecast indicated dry weather across the south western Plains over the weekend, with little likelihood of showers next week. Continued drought conditions are bullish for wheat, data showing the […]Read More »
Article by ForexTime The USD bull is continuing to be a rare thing indeed in the current market climate and that’s no surprise when you look at the data as well. CPI figures released earlier were positive coming in stronger than expected at 0.3% m/m (0.2 exp), however, the market had other ideas after retail […]Read More »
EUR/USD crashed after US CPI beat forecasts but quickly reversed losses and is now trading far above the opening level. Retail sales, meanwhile, missed expectations.
CPI rose 0.5% in January, accelerating from the growth by 0.1% in December and the beating the median forecast of 0.3%. (Event A on the chart.)Read More »
By Money Metals News Service After the U.S. Government passed the new budget and debt increase, with the President’s signature and blessing, happy days are here again. Or are they? As long as the U.S. Government can add debt, then the Global Financial and Economic Ponzi Scheme can continue a bit longer. However, the days […]Read More »
Article by ForexTime The UK got no shocks today as inflation figures remained elevated at 3% y/y (2.9% exp), this was in line with the Bank of England’s assessment in recent weeks that inflation figures would remain elevated in the coming months and required the bank to tighten monetary policy quicker than anticipated by pushing […]Read More »