
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
2020-10-09 • Updated
NZD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
XAU/USD: Gold stands above 61.8% retracement area and seems that after some correction moves higher.
Asian equity markets traded mixed but with a mildly positive bias as US equity futures extended on the prior day’s gains. Looking ahead, highlights from macroeconomic calendar include UK GDP, Canadian labor market report, BoE's Haldane. President Trump noted optimism that stimulus talks are beginning to work and was said to be open to something larger than a skinny bill.
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
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