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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...
Another record high in Wall Street. SP500 at an all-time high
Weakness in Economy, Pandemic fears decreaseAhead of Jackson Hole Symposium and after a descending week, today at the beginning of the week, and with surprisingly weak economic data, we saw new records in the markets. Today we had Manufacturing and...
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