Never underestimate the power of short covering. We saw a lot of that today in EUR/USD and more could follow – 1.15 is an important level that we expect to be tested and broken.
Wednesday’s Federal Reserve and Bank of Canada monetary policy announcements are the most important events on this week’s calendar.
The greenback moved sharply higher against all of the major currencies with USDJPY closing in on a 4 year high.
What is the fundamental value of Bitcoin? It’s difficult to provide the answer using traditional valuation metrics because Bitcoin does not generate any streams of income and is therefore impossible to value on a discounted cash flow basis.
Alibaba stock continues to sink after the company reported disappointing earnings in its Q2 and many investors have thrown in the towel on fears that what was once one of the preeminent Chinese internet stocks is damaged goods forever.
The rally in currencies and equities continued on Thursday with the U.S. dollar extending lower.
Are investors underestimating the power of brands? According to some research the answer is yes and if this dynamic continues to remain place it offers the possibility of better than market long term returns.
The Federal Reserve took a big step in their battle with inflation today when they announced plans to taper asset purchases by $60 billion a month.
Currencies and equities have been consolidating ahead of Wednesday’s Federal Reserve monetary policy announcement.
Everything from equities, currencies to Treasuries and crypto have been itching for breakouts. With five major central bank rate decisions…
Apple is about to become the world’s first three trillion dollar company and the question facing investors in 2022 is could the party last?
The U.S. dollar rallied on Monday against some but not all of the major currencies. Our readers should not find the rally in USD/JPY or decline in EUR/USD surprising because we talked about how a soft jobs report changes nothing for U.S. policymakers on Friday who are laser focused on inflation.