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2021-04-08 • Updated
The FOMC meeting minutes released on Wednesday showed that Fed officials are committed to supporting the economy until its recovery is more secure. Today the Federal Reserve’s Chair Jerome Powell may confirm in his speech that the US central bank aims to keep interest rates lower for longer.
As we've established, the US dollar may find itself under additional pressure in the near term. What is the best way to trade on a weaker USD? Have a look at USD/JPY. The pair is facing the long-term resistance line at the current levels. In fact, it couldn’t rise above 111.00 and returned below 110.00. The further slide may take the price to the 200-week MA at 109.00. The Awesome Oscillator on the D1 shows potential for further decline.
SELL at 109.40; TP 109.00; SL 109.55
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
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