USD/CHF Price Forecast: Resumes Uptrend After Pullback
USD/CHF is resuming its dominant uptrend after a short correction.
Hungarian Wage Growth Moderates But Remains Strong
Average wage growth in Hungary decelerated in September, mainly due to a slowdown in the corporate and non-profit sectors.
Easing Into The Weekend
After an eventful month and week, markets are looking to slide into the weekend on a quiet note as US equity futures are little changed on either side of the flatline.
UK Energy Bills To Rise By 1.2% To £1,738 Starting January
January’s cap is £190 cheaper than January 2024 but 57% below 2023’s peak. Government ends winter fuel allowance for millions, pushing 50,000 pensioners into poverty. Households switching to fixed tariffs could save up to £140 annually.
Natural Gas Commodity Elliott Wave Technical Analysis - Friday, November 22
The commodity has gained over 120% since the low of February 2024 and has so far recovered close to half of the massive sell-off that happened between August 2022 and February 2024.
USD/JPY Outlook: Rising Bets for Rate Hike Boost Yen
Japan’s core consumer inflation increased by 2.3% in October. 56% of economists expect the Bank of Japan to hike rates in December.
US jobless claims unexpectedly fell to 213,000.
The Price-Inflation Paradox: How Tariffs Really Affect The Economy
The effect of tariffs is to push prices up, but not to sustain higher inflation year after year.
USD/CAD Turns Upside Down On Steady Canadian Retail Sales Growth, US Dollar Retraces
USD/CAD ticks down after the Canadian Retail Sales data came in line with expectations and the prior release.
3 Small-Cap Blend Mutual Funds For Attractive Returns
Risk-loving investors, who give precedence to capital appreciation along with dividend payouts, may consider small-cap blend mutual funds to derive healthy returns.
Bitcoin Breakout At $93,257 Barrier Fuels Bullish Optimism
Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum.
After SPY Bottoming, This Comes
Yesterday had rather risk-on than risk-off characteristics, even though we had to deal with an opening flush, as was the case for quite a few days in a row.
Eurozone PMI Sounds The Alarm About Growth Once More
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the Eurozone.
EUR/JPY Price Prediction: November Bear Trend Unfolds
EUR/JPY is declining in a short-term downtrend which started in November.
GBP/USD Price Analysis: Hits 6-Month Low as UK Sales Slump
UK retail sales fell by 0.7% in October, compared to estimates of a 0.3% drop. The UK economy only expanded by 0.1% in the third quarter. US initial jobless claims unexpectedly fell last week from 219,000 to 213,000.
Euro Sinks To Fresh 2024 Low
We come into Friday with the US Dollar having extended its run of yearly gains against the Euro and New Zealand Dollar, and multi-week gains against the Pound.
Starbucks Considers Stake Sale In China: What It Means For SBUX Stock
Starbucks’ stock rose by 1.8% on Thursday, following reports that the coffee giant is exploring the sale of a stake in its Chinese operations.
Trump Victory Sends BTC Soaring; Anti-Crypto SEC Chairman Set to Resign
SEC Chairman Gary Gensler announced his resignation Thursday as Bitcoin surged to record highs.
“Trumpflation” Risks Likely Overstated
With the re-election of President Donald Trump, the worries about tariffs and pro-business policies sparked concerns of “Trumpflation.”
Brent Prices Surge Amid Geopolitical Tensions
Global oil prices rose to a two-month high on Friday, with Brent crude trading above $74 a barrel, as escalating tensions between Russia and Ukraine fueled market concerns.
Bitcoin Price Is Approaching 100,000
The price of Bitcoin rose more than 2%, hitting a new record high above $99,000 on optimism that President-elect Trump’s support for digital assets will boost the industry.