Chicago Federal Reserve Bank President Charles Evans said on Monday that unemployment benefits could have partly affected April employment along with schools and child care, as reported by Reuters. Additional takeaways "Optimistic that we're going to get back to strong employment numbers." "Unemployment insurance benefits are generous,...
The recent increases in home prices are not a reason for concern, Chicago Federal Reserve Bank President Charles Evans said on Monday and noted that the previous housing crisis was fueled by leverage, as reported by Reuters. Evans further added that he was worried a lot about cyber attacks...
An Introduction to Technical AnalysisTechnical analysis is becoming an increasingly popular approach to trading, thanks in part to the advancement in charting packages and trading platforms. However, for a novice trader, understanding technical analysis – and how it can help predict trends in the market - can be daunting...
WTI bulls are back in town taking on the 10 and 20 hourly EMAs. The US dollar is in the dumps, supporting commodity prices.  The price of oil is flat on the day after trading between a low of $63.97 and a high of $65.72.   The main news...
Introduction to Moving Averages:Moving Average – Talking Points:What is a moving average?How do you calculate moving average?What is the purpose of moving averages?How do you interpret moving averages?What is a Moving Average?In technical analysis, the moving average is an indicator used to represent the average closing price of the...
What you need to know on Tuesday, May 11:  The greenback kick-started the week extending its slide amid the poor US employment report released on Friday but got to recover some ground during US trading hours. A scarce macroeconomic calendar kept majors within limited intraday ranges, as investors...
EUR/USD is faltering on the bid and the bears are piling in. A correction for the prior highs is on the bear's watchlist.  The bears are seeking a sizeable retracement in the pair following the recent bullish spike on the daily time frame which has already started to retrace.  ...
Australian Dollar, AUD/USD, Covid, Market Sentiment -Talking PointsMarket sentiment likely to default to the prevailing trend to start a quiet week China inflation data and New Yuan loans shift into focus for Asia-Pacific traders AUD/USD looks to start the week on a bright note after rising above resistance...
UK GDP Preview: Contraction to trigger correction? Sterling set for a reality check Flowers are blossoming, birds are chirping and Brits can finally do more activity as restrictions are gradually lifted. That is one of the reasons for the pound's massive rally above 1.40. While Britain's successful vaccination...
DOW JONES, HANG SENG, ASX 200 INDEX OUTLOOK:Dow Jones, S&P 500 and Nasdaq 100 indexes closed +0.66%, +0.74% and +0.88% respectivelyDisappointing US nonfarm payrolls print alleviated market fears about taperingFed stimulus, sending stocks to a fresh record highAsia-Pacific equities may follow a positive lead, although escalating tensions between China...