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This week, the biggest economic data will be released tomorrow. The US labor department will release the jobs numbers for the month of April. Traders expect the non-farm payrolls to grow to 184K, from last month’s 164k. They expect the unemployment rate to remain...
The EUR/USD is the most active currency pair in the world. This is because of how the American and the European economies are interconnected and interrelated.The pair started the year moving higher as the euro strengthened. Investors were optimistic that Europe would continue with...
The New Zealand dollar – commonly known as the Kiwi – fell to the lowest level since December. This came after the country’s central bank released its interest rate decision and a statement.In today’s meeting, the officials decided to leave interest rates unchanged at...
There are many factors that influence the price movements of financial assets. For example, a hawkish Fed may lead the dollar higher while better-than-expected projections can take a stock higher. Another factor that we regularly talk about is geopolitics. Geopolitics refers to the political...
Corn is one of the most popular crops in the world. In many countries, corn is a staple food while in the developed countries, it is used both for food and ethanol production. United States is one of the biggest producer and consumer of...
S&P 500 is the biggest index in the world. It has a combined market value of more than $23 trillion. On the other hand, the Dow Jones Industrial Average has a market capitalization of more than $6 trillion while Germany’s DAX has a market...
It seems that the cryptocurrency saga isn’t done quite yet.Within 10 days the cryptocurrency that was touted to dethrone Bitcoin has seen a 78%* increase in its value. Within the day’s trading, it has experienced a noteworthy 8.85%* increase.On April 10th Ripple high reached 0.4932,...
In the past month, the EUR/GBP pair fell from 0.8797 to a low of 0.8619. The pair’s fall was attributed to the expectations that the UK inflation would force the BOE to start an accelerated tightening process.However, on Wednesday, things changed after the Office...
The Aussie started the year on a bullish note, gaining by almost 4% against the dollar. It then started falling after weak economic data from Australia dampened the prospects of future rate hikes this year. On the other hand, the dollar has been supported,...
In recent days, the cable has been one of the best performing currency pairs. It has risen from a low of 1.3700 in early March to a high of 1.4400 yesterday. The surge the pair has experienced can be attributed to several factors. First,...
China is one of the most important countries in the world. It has a population of more than 1.3 billion people and the second largest economy. It has a GDP of more than $11 trillion, which is lower than the US $18 trillion. The...
Last week, the global focus among investors was on global trade and emerging tensions in the Middle East. On trade, the rhetoric on trade war calmed after Chinese president promised to reform the country and open up the economy to foreign companies. It was...
The talk around the financial markets these days is about a trade war. The talks started when Trump announced plans to impose heavy tariffs on steel and aluminum. He then moved to announce heavy tariffs on an assortment of 1,300 Chinese goods. As a...
The Aussie continued to climb this morning following the release of the retail sales. For the month of February, the MoM retail sales increased by 0.6%, which was higher than the 0.3% and last month’s 0.2%. This was a surprising increase coming a day...
The dollar is slightly higher against the Japanese Yen following disappointing economic data from the country. Yesterday, we received the Tankan Large Manufacturers and Non-Manufacturers Index which missed the consensus estimates. The Manufacturers Index remained unchanged at 23, a point lower than what analysts...
Silver is often called the poor cousin to gold. Like gold, silver is found deep inside the earth’s crust and is often mined by large mining companies. The difference between the two is its usage. While gold is usually bought as an investment, silver...
This week, traders will continue to focus on global politics especially in the United States, UK, and the EU. In the United States, the Mueller investigation will continue focusing on Donald Trump and his business. As it was reported a while ago, Mueller had...
Dow Jones Industrial Average is one of the oldest indices in the world. It is made up of 30 of the largest firms in the United States. While the index is closely followed, it does not always give a clear picture of the economy....
From early December, the EUR/USD pair rose from a low of 1.1712 and reached a high of 1.2556 on February this year. From early January, as shown below, the pair has moved in a horizontal zig zag pattern, establishing strong support and resistance areas.Today,...
Crude Oil prices are gaining after a report by International Energy Administration (IEA) showed that demand will increase in the next five years with supply growing at a slower pace.The report by IEA also showed that the United States would become the top oil...
2018 is turning out to be an interesting year, and one that will be consequential for the financial markets. The year started with the unravelling of the cryptocurrencies market, with the main assets falling by more than 50%.Then, the global financial markets started to...
In 2008, the global stocks markets unraveled. The markets which previously seemed unstoppable fell like a cliff. The market crash was attributed to the collapse of the housing market which investors were rushing to buy using risky debts. At the end, millions of people...
The loonie has been making downward movements against the dollar for almost two months. The pair is now trading near the two-month low following weaker data and increasing concerns about NAFTA. The USD/CAD is now trading at 1.2713.All this could change today when Statistics...
The pound continued its downward momentum against the dollar following yesterday’s release of the FOMC minutes. The minutes showed that Fed officials were increasingly optimistic about the economy, which they predicted would reach their target of 2% later this year. As a result, the...
AUD/USD Technical Analysis. The Australian Dollar slid against the dollar by up to 41 basis points. This followed a report by a government agency that showed annualized wage growth missed estimates. The report by the Australian Bureau of Statistics (ABS) showed that annual wage...
Gold futures are down by almost a percentage point. The decline in the dollar is associated with rising yields in the U.S treasuries and a stronger dollar.As of this writing, the dollar index is up by almost 0.40% as traders wait for economic data...
This week, the global markets stabilized following the panic that ensued following the release of inflation data from the United States. The US stock market has had five days of straight gains despite data showing that inflation was returning. The Dow, S&P,and the NASDAQ...
The Australian Dollar gained 30 basis points against the dollar following the data from the Australian Bureau of Statistics. In the highly anticipated data, the economy added 16K jobs in January, beating the analysts’ estimates of 15.3K. At the same time, the unemployment rate...
2017 – Although many people would argue that it was the year the news were dominated by a certain over-tweeting President, the truth is everyone was actually watching Bitcoin.We haven’t seen such a cultural response to anything relating to the financial markets since the stock-broker rock...
Bitcoin has been everywhere for the past six months – it even had a Big Bang Theory episode dedicated to it. That isn’t an insignificant fact either if you consider B.B.T. is the most-watched and top-rated scripted show on air. The problem is, now that everyone...