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NZD/USD Moves Below 0.5850 As Greenback Rebounds, Awaits Fed Decision

NZD/USD Moves Below 0.5850 As Greenback Rebounds, Awaits Fed Decision

Photo by Thomas Coker on Unsplash NZD/USD retraces recent gains ahead of Fed policy rate decision. China’s NBS PMI data shows a contraction in economic trends; which could affect the Kiwi Dollar. New Zealand Building Permits declined by 4.7% against the previous drop of 0.7%. NZD/USD pulls back as the US Dollar (USD) rebounds after two days of losses, […]
Crude Oil Futures: Extra Weakness Appears Favoured

Crude Oil Futures: Extra Weakness Appears Favoured

Image Source: UnsplashCME Group’s flash data for crude oil futures market noted traders increased their open interest positions for the third straight session on Monday, now by around 22.5K contracts. Volume followed suit and went up by nearly 91K contracts, setting aside two daily drops in a row.WTI: Next on the downside comes $80.00Monday’s marked retracement […]
Rates Spark: US Treasuries Brave The First Supply Test

Rates Spark: US Treasuries Brave The First Supply Test

Image Source: PixabayFirst country inflation and growth indications ahead of today’s aggregate eurozone data have already confirmed the ECB’s more dovish tone of the last meeting. Meanwhile, markets’ worst fears have not materialised in the Treasury’s quarterly borrowing announcement, although concerns about the overall US debt trajectory remain unaddressed.Bund curve steepens on dovish data and improving risk sentimentThe first eurozone […]
Gold Breaking Out Vs. US Banks

Gold Breaking Out Vs. US Banks

Image Source: UnsplashThis week we will look at the performance of gold compared to the United States financial sector. When this relationship is rising, it can be said that investors are showing a preference for hard money. When it is falling, investors are showing more confidence in the paper money system. The first chart we’ll review is gold vs. […]
SPDR ETF Report For Monday, October 30

SPDR ETF Report For Monday, October 30

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Monday, October 30.Video Length: 00:12.22More By This Author:Financial Markets Report For Monday, October 30Metals Report For Monday, October 30 SPDR ETF Report For Friday, October 27
We Are In A Soft Recession Right Now

We Are In A Soft Recession Right Now

Image Source: UnsplashThat is Stephen Moore, on June 27, 2022. He further notes: “Moore pointed to the GDP data on Monday, noting that the “first six months of the year have been negative for growth.” Here are the data around that time.Figure 1: Nonfarm Payroll employment incorporating preliminary benchmark (dark blue), civilian employment (orange), industrial production (red), personal […]
Yen & UST Yields Tumble After BoJ’s Mixed Messages, But…

Yen & UST Yields Tumble After BoJ’s Mixed Messages, But…

Image Source: UnsplashThe market was well prepared for action from the Bank of Japan (BoJ) tonight after Nikkei reported the central bank’s intent to consider another tweak to its yield curve control (YCC) policy.Having moved from 0.25% to 0.5%, then to 1%, the Nikkei report prompted speculation that the central bank would raise the limit again, rather than abandoning YCC […]
Elliott Wave Technical Analysis: BTCUSD – Tuesday, Oct. 31

Elliott Wave Technical Analysis: BTCUSD – Tuesday, Oct. 31

Elliott Wave Analysis TradingLounge Daily Chart, 31 October 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((3)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Impulse’s five-wave rise. Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The increase continues the Impulse pattern. We are now in wave […]
Asia Morning Bites For Tuesday, October 31

Asia Morning Bites For Tuesday, October 31

Image Source: UnsplashGlobal Macro and Markets Global markets: US stocks bounced off recent lows on Monday. Both the NASDAQ and S&P 500 gained more than a per cent ahead of this week’s expected no-change FOMC meeting. Equity futures suggest that today’s open may take back some of these gains. Chinese stocks also had a reasonable day. The […]
Economics For Everyone: 2023 Nobel Prize In Economics – Goldin’s Gender Gap

Economics For Everyone: 2023 Nobel Prize In Economics – Goldin’s Gender Gap

Claudia Goldin, a Harvard University professor, was awarded the Nobel Prize in economics this year for her pioneering research on women’s earnings and labour market participation through the centuries. Her work exposed the causes of deeply rooted wage and labour market inequality between men and women. Goldin’s 1990 book “Understanding the Gender Gap: An Economic […]