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Market Update – December 1 – Taper gets a boost & Transitory gets “retired”

Powell “retires” Transitory in light of Omicron & surprisingly suggests faster taper – Stocks tank, Dollar& Yields rise on faster tightening expectations. USD (USDIndex 95.90) back down from leap to 96.60 on Powell testimony. Saw fresh wave of risk aversion as Treasuries sold off, yields […]

Live Market Analysis – ADP jobs report stronger than expected

Eyes on Jobs, But That’s Not All; Join Andria for a live analysis following the stronger ADP reading ahead of the US Open and Friday’s Non-Farm Payrolls. Click here to access our Economic Calendar Andria Pichidi Market Analyst Disclaimer: This material is provided as a […]

Midweek Market Podcast – December 1

This week is all about the Omicron variant, and the surprise from Chair Powell ahead of the much anticipated NFP data as the new month dawns. HotForex · Midweek Market Podcast – December 1 The Market Week – November into December Another volatile week greets […]

Market Update – December 2- Sentiment swings on Omicron news

Powell reiterates Hawkishness, First case of Omicron confirmed in US – Stocks tank again under key technical levels, Yields slip again, USD mixed. Erdogan sacks Fin Min – TRY new all-time lows, Apple iPhone 13 demand weakens, GSK anti-viral drug remains active vs. Omicron USD […]

US Open – Claims better again and OPEC increases production

USOil, H1 Initial claims bounced 28k to a lean 222k in the final week of the month, hence trimming last week’s -76k plunge to a 52-year low of 194k (was 199k), while continuing claims fell -107k to a 1.956m new cycle-low, after a -46k drop […]

Dollar remains Stable 

Dollar remains Stable The dollar remained essentially unchanged on Thursday. The safe-haven Japanese yen was in higher demand as concerns about the Omicron COVID variant grew, weighing on the South African rand and the Australian dollar. Concerns were heightened late Wednesday by the news that […]

MC token is already available on Binance. What about 8BIT?

MC token is already available on Binance. What about 8BIT? Binance decided to list Merit Circle on its platform. The exchange also opened trading for MC/BUSD, MC/BTC, and MC/USDT trading pairs on December 2, 2021. Merit Circle is working to create a decentralized autonomous organization. […]

Bitcoin, Ethereum, Dogecoin daily chart review

Bitcoin, Ethereum, Dogecoin daily chart review We currently see negative consolidation of the Bitcoin price below the MA20 and MA50 running averages and testing support in the $ 56,500 zone. Bitcoin tried three times to overcome the resistance in the zone at $ 59,000 but […]

EURUSD, GBPUSD bullish continued and today

EURUSD, GBPUSD bullish continued and today Pair EURUSD manages to consolidate in the zone 1.13000-1.13500. We can say that this consolidation is positive, and we will probably see a continuation on the bullish side. Pair has not formed a new lower low so far, and […]

Stock Market Analysis: It‘s the Fed, Not Omicron

Stock Market Analysis: It‘s the Fed, Not Omicron S&P 500 plunged on accelerated tapering intentions, and much of the risk-on sectors and commodities followed – even precious metals declined a little in sympathy. But where is the larger reasoning? If the Fed truly intends to […]