Tech stocks extended higher into the record territory even though Fed Chair Jerome Powell prepared the markets for the Fed tapering. Interest rate hikes are likely to be far away, alleviating press…
Archiv für den Monat: August 2021
Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term
The Fed’s dovish taper tone at the Jackson Hole Symposium is likely to depress US treasury rates and weigh on USD/MXN in the near term as traders seek to exploit higher yields in EMFX.
EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?
Powell inspired lift for EUR/USD, eyes on key US data.
Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack
Gold rose into the weekend after Fed Chair Powell offered no clear signal on tapering. XAU traders are shifting focus to next week’s non-farm payrolls print as geopolitical risks linger.
Coronavirus – Singapore hits 80% fully vaccinated. Sydney hits 1200+ new cases in a day.
Singapore has hit its 80% fully inoculated target (the population of Singapore is 5.7 million people).
Singaporean authorities have previously said they’ll be further easing COVID-19 restrictions after hitting the 80% milestone. Great work SG.
Singaporean authorities have previously said they’ll be further easing COVID-19 restrictions after hitting the 80% milestone. Great work SG.
Chinese authorities are to clamp down on „self-media“ „bad-mouthing“ the economy
The Cyberspace Administration of China (CAC) is the country’s cyberspace regulator.
Says it’ll be examining accounts on social media (China describes ’self media‘ as accounts posting news that are not officially registered with authorities) posting economic and financial information, on the lookout for (example):
Says it’ll be examining accounts on social media (China describes ’self media‘ as accounts posting news that are not officially registered with authorities) posting economic and financial information, on the lookout for (example):
Video: The ‚perfect‘ chart and September seasonal trends
What I’m watching
I spoke with Dale Pinkert from TradeGateHub on Thursday with my thoughts on where markets are headed next and a great chart that highlights the difficulty in balancing fundamentals with technicals.
I spoke with Dale Pinkert from TradeGateHub on Thursday with my thoughts on where markets are headed next and a great chart that highlights the difficulty in balancing fundamentals with technicals.