Here's the scoop: The Bank of England (BOE) is set to accelerate the pace at which it shrinks its balance sheet, according to one of its deputy governors. Currently, the BOE is unwinding about £20 billion of quantitative easing every three months. The goal is to reduce the stock by around £80 billion per year through active sales and maturing assets.
MODERNA stock: trade the dip
2020-12-17 • Updated
Moderna was at $177 a while ago. Back then, the market was celebrating the completion of the vaccine trials, and expectations of seeing them finally rolled out to the public made the price soar. What happened next? Days were going by, vaccines have been out there being administered since then, and the virus... hits record daily deaths in the US. So, how to trade that? Trade it fundamentally. You saw the market emotions push the price upwards; now, cooling off, it goes down. Will it eventually go up? Very probably, yes. But not now. Just look at the chart: everything above $95 seems to resemble a rocket blast. That's all emotions, and now, the market is removing them from the price. However, dropping back to $95 might possibly be just too much of a correction. Therefore, a downward retrace to the area of $120 is advised as a currently expected support to be hit. Once the stock is there, watch for the bullish reversal signs, and buy. The stock gives a fundamentally good outlook, so a mid-term bullish bet seems to be an appropriate strategy here.
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It seems like the Canadian consumer has a firm grip on their wallet, which is no surprise given the current economic climate. Inflation in April crept up from 4.3% to 4.4%, adding to the financial woes.
On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.