Gold Technical Forecast: Double Bottom Reversal May Bolster XAU/USD Sentiment
Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order?
Bitcoin (BTC/USD) Forecast: Bitcoin Threatens Bullish Breakout
Bitcoin price action remains strong as buyers have pushed towards the familiar 60k psychological level.
GBP Falls Again, CHF JPY Rise despite RiskOn mood
Rates as of 0500 GMT Market Recap Another day, another leg lower for GBP. Selling sterling seems to be the markets main occupation nowadays. Once again the selling of sterling may have been connected to buying of euros, which gained for the fourth day to recover the 1.19 level, last seen in the morning when […]
BI tracker navigates clean-energy bubble as theme ETFs rebalance
S&P Global Clean Energy index upheaval may herald shifts for ICLN and INRG, two big iShares ETFs, but also drive renewed interest in the sector as the eligible stock pool expands and policies extend support.
Britains Interest Rate Vulnerability Mike Dolan
LONDON, April 9 Reuters Bank of England bond buying may actually increase the speed with which future interest rate rises make UK government debt unbearable and is one glimpse into why central banks need to tread lightly around postpandemic debt piles for many years. Britain publicly prides itself on keeping the average maturity of its […]
Thai may Grow Less than Forecast after new OutbreakC.Bank
BANGKOK, April 9 Reuters Thailands economy may expand less than forecast this year, a central bank official said on Friday, after a third wave of coronavirus infections and concerns about the presence of a highly contagious variant. The tourismreliant economy suffered the deepest slump in over two decades last year, down 6.1, due to the […]
JGB Futures Nudge Higher as Dealers Take Stock of Demand
TOKYO, April 9 Reuters Japanese government bond futures edged higher in subdued trade on Friday as dealers took stock of bond auctions this week that were largely met with healthy demand. Sentiment for fixed income was slightly bullish, but investors avoided taking out big positions before important auctions of U.S. Treasuries and the release of […]
Australian dlr Slips as Vaccine Rollout Slows
SYDNEY, April 9 Reuters The Australian dollar stumbled on Friday, pulling down the New Zealand dollar too, due to worries about a slowdown in Australias coronavirus vaccine rollout after the imposition of agerelated restrictions on the use of AstraZeneca shots. The Australian dollar was last down 0.6 at 0.7607, almost reversing its gains from Thursday […]
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 19, 2021 when GBP/JPY traded near 141.75.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
Infrastructure costs may raise taxes across the board
A broad swath of businesses from manufacturers and insurers to multinational technology companies would see their federal taxes increase if President Joe Biden’s tax proposals are passed by Congress later this year.