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Gold and Jackson Hole
Different scenarios and Gold reaction! The Jackson Hole Economic Symposium is an annual meeting, hosted by Kansas Federal Reserve since 1978, and held in Jackson Hole, Wyoming State, since 1981. The aim is to focus on important economic issues a...
The labor market needs attention, and GDP grew up!
What to expect from Powell? As I mentioned at the beginning of this week, besides the Initial Jobless numbers of every Thursday, we have 4 key data this week ahead of Powell's speech that needs attention. Housing data, Durable Goods Order, GDP,...
Bitcoin's rally runs out of steam?
Price flirting under 50K, time to decide!After touching 50K and then falling under that, Bitcoin flirting around 48,000 in the past two days. If we drew the Fibonacci from its April high to July low, 61.8% of its resistance sits at 51,000, where Bitc...
EURUSD Outlook, USD weakness, or Stronger Euro?
EURUSD increasing for the 3rd day in a rowAs market risk decreasing, USD also losing its safe-haven demand position. So pairing started its recovery from 9 months low that seen on Friday at 1.1662 since the beginning of this week. When we look at the...
Oil up 8.2%, what next?
A disappointing week and an amazing rebound! Last week oil market was surprisingly down as virus fears took all over the market. On the other hand, weaker than expected economic data had some signs of slowing the recovery pace. At the beginning of...
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