“Credit standards are tightening, thereby freezing out borrowers” By Elliott Wave International Recent headlines about the U.S. economy are rosy: US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate (AP News, March 28) US economy continues to shine with help from consumers, labor market (Reuters, March 28) It’s all well and good to announce positive economic news. Yet, consumers of such news may not be getting the full story. In other words, there’s plenty of less-than-positive economic developments, and I’ll point out just three which portend a possible e ..read more

By JustMarkets At Thursday’s close, the Dow Jones Index (US30) was up 0.06%, while the S&P 500 Index (US500) decreased by 0.22%. The NASDAQ Technology Index (US100) closed positive 0.1% yesterday. A rise in T bond yields on Thursday pressured stocks. Hawkish comments from the Federal Reserve pushed bond yields up and pressured stock indices when New York Fed President Williams and Atlanta Fed President Bostic said the Fed would not rush to cut interest rates. In addition, weakness in chip company stocks weighed on the overall market for the second session ..read more

By ForexTime  NAS100 ↓ over 4% this week Index set to be rocked by various forces Big tech earnings & key US data in focus Watch out for geopolitical tensions Key level of interest at 17,000 The week ahead may present fresh trading opportunities due to top-tier data and big tech earnings: Monday, 22nd April CN50: China loan prime rates TWN: Taiwan export orders, jobless rate EU50: Eurozone consumer confidence EUR: ECB President Christine Lagarde speech Tuesday, 23rd April EU50: Eurozone S&P Global PMI’s GER40: Germany S&P Manufacturing PMI JP225: Japan Jibun Bank ..read more

By RoboForex Analytical Department Gold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for “safe-haven” assets amid escalating geopolitical tensions and uncertain global economic conditions. The recent sharp increase in geopolitical tensions, particularly in the Middle East, has overshadowed optimistic remarks from Federal Reserve officials. The Fed’s monetary authorities are currently inclined towards gradual interest rate cuts throughout the year, given ..read more

By JustMarkets At Monday’s close, the Dow Jones Index (US30) decreased by 0.12%, while the S&P 500 Index (US500) was down 0.58%. The NASDAQ Technology Index (US100) closed yesterday negative 1.15%. A drop in chip company stocks negatively impacted the overall market on Wednesday after ASML Holding NV reported first-quarter net sales below consensus. Geopolitical risks in the Middle East continue to weigh on equities amid concerns that Israel will retaliate after Iran fired a barrage of missiles and drones at Israel over the weekend. Equity markets in Euro ..read more

By ForexTime Cocoa “throwback” rewards bears Bitcoin bears bag 50,000 points! USDCHF secures all bearish targets Geopolitical risks, key economic data, and big bank earnings have made this an eventful week for markets. And we could see more action as anticipation mounts ahead of the upcoming Bitcoin halving. Here are how these discussed instruments performed this week:        1) Cocoa hits all-time high Where and when was Target Price (TP) published? It was another week another all-time high for FXTM’s new commodity – Cocoa. However, we cautioned that a “techn ..read more

By RoboForex Analytical Department The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK’s consumer price index (CPI) slowed to 3.2% year-on-year in March, down from 3.4% in February, marking the lowest inflation rate in two and a half years. This slowdown has raised investor optimism regarding potential policy easing by the BoE, particularly sin ..read more

By Deborah de Lange, Toronto Metropolitan University  As the climate crisis escalates, there are urgent and difficult choices that need to be made to drastically reduce our carbon emissions before more irreparable damage is done. Many have argued the energy industry needs to change to reduce carbon emissions, but one concern that remains is the consequence this will have on economic prosperity. Discussions vary across interest groups. Do we need to outright replace the fossil fuel industry with the renewable energy industry as soon as possible? Should we slowly phase out fossil fuels whi ..read more

By JustMarkets At Monday’s close, the Dow Jones Index (US30) added 0.17%, while the S&P 500 Index (US500) was down 0.21%. The NASDAQ Technology Index (US100) closed negative 0.12% yesterday. The Fed’s hawkish comments on Tuesday pushed 10-year T-note yields to a 5-month high and negatively impacted equities. The US Fed Chairman Jerome Powell said yesterday that given the strength of the labor market and progress on inflation so far, it is appropriate to give restrictive policy additional time to work. In addition, Fed Vice Chairman Jefferson add ..read more

By ForexTime  Pound boosted by sticky CPI data EURGBP drops over 20 pips Eurozone CPI match initial estimates Watch out for BoE Bailey’s speech Key levels at 50-day SMA, 0.8530 & 0.8505 EURGBP was injected with fresh volatility on Wednesday after UK inflation fell less than expected in March. The minor currency pair tumbled over 20 pips, dipping below the 0.8530 support as cooling BoE rate cut bets supported the British Pound. More currency movements could be on the horizon, especially when factoring in BoE Governor Andrew Bailey’s speech later today. Interestingly, trader ..read more