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Economy

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Economy

Daily Gold News: Friday, Jan. 15 – Gold Still Going Sideways

The gold futures contract lost 0.19% on Thursday, as it extended its short-term consolidation following last week’s Friday’s sell-off of 4.1%. In late November the market has reached new local low below $1,800 price level. Since then it has been retracing the decline. Last week,…

Economy 2 days ago 0Comments Wallstreet Blog
Economy

Crude Oil Price Update – Minor Trend Changes to Down Under $52.30 with $50.63 Next Potential Target

The direction of the March WTI crude oil futures contract on Friday is likely to be determined by trader reaction to the pivot at $53.12. U.S. West Texas Intermediate crude oil futures are inching lower on Friday as concerns about Chinese cities in lockdown due…

Economy 2 days ago 0Comments Wallstreet Blog
Economy

US Stock Futures Edge Lower as Biden Unveils Stimulus Plan; Major Banks Set to Kickoff Earnings Season

On Friday, investors will get fresh looks at major banks as Wells Fargo, Citigroup and JPMorgan Chase report their fourth quarter earnings. The major U.S. stock index futures are edging lower in the pre-market session on Friday as investors digested the details of President-elect Joe…

Economy 2 days ago 0Comments Wallstreet Blog
Economy

GBP/JPY Price Forecast – British Pound Running Into Resistance

The British pound has tried to rally against yen again on Thursday, and just like on Wednesday we have seen significant resistance near the ¥142.50 level. The British pound initially tried to rally during the trading session on Thursday but has run into the same…

Economy 3 days ago 0Comments Wallstreet Blog
Economy

Asia-Pacific Shares Mostly Higher on Upbeat China Trade Data

Chinese tech giants Alibaba and Tencent and Baidu all rose sharply on news that plans to extend a U.S. investment ban to the stocks had been scrapped. The major Asia-Pacific shares finished mixed but mostly higher on Thursday as investors regionally reacted positively to strong…

Economy 3 days ago 0Comments Wallstreet Blog
Economy

Economic Data Puts the EUR and USD in Focus, with Italian Politics and COVID-19 to Test the EUR

Italian politics and COVID-19 vaccination rates remain negatives for the EUR. Economic data from the EUR and the U.S will influence market risk appetite later in the day. Earlier in the Day: It’s was a relatively busy start to the day on the economic calendar…

Economy 3 days ago 0Comments Wallstreet Blog
Economy

Strong Performances in Utilities, Real Estate Sectors Lift Benchmark S&P 500 Index

Earnings for S&P 500 companies are expected to have dropped 9.8% year-over-year in the final quarter of 2020, according to IBES data from Refinitiv. The major U.S. stock indexes finished mixed on Wednesday as investors seemed to be distracted by the impeachment hearings in Congress…

Economy 3 days ago 0Comments Wallstreet Blog
Economy

Asia-Pacific Indexes Finish Mixed as Coronavirus Concerns Cap Risk Sentiment

Hong Kong shares ended lower on Wednesday, with consumer shares leading the declines, as bargain hunters took a breather. The major Asia-Pacific stock indexes finished mixed on Wednesday as investors continued to monitor developments on the coronavirus front as the region tries to prevent an…

Economy 4 days ago 0Comments Wallstreet Blog
Economy

Stocks Decline As Traders Wait For Additional Upside Catalysts

Meanwhile, Inflation Rate and Core Inflation Rate reports show that inflation remains under control. The Market Needs More Catalysts To Move Higher S&P 500 futures are moving lower in premarket trading as traders wait for additional upside catalysts. Today, the U.S. House of Representatives will…

Economy 4 days ago 0Comments Wallstreet Blog
Economy

NZD/USD Forex Technical Analysis – Strengthens Over .7232, Weakens Under .7147

The early price action indicates the direction of the NZD/USD on Wednesday will be determined by trader reaction to .7232. The New Zealand Dollar is trading lower on Wednesday after giving up earlier gains. The price action is being driven by volatility in the U.S.…

Economy 4 days ago 0Comments Wallstreet Blog

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Recent Posts
Silver Price Daily Forecast – Silver Is Losing Ground Ahead Of The Weekend
Silver Price Daily Forecast – Silver Is Losing Ground Ahead Of The Weekend
January 15, 2021
Biden’s Stimulus Plan Fails To Push Stocks Higher
Biden’s Stimulus Plan Fails To Push Stocks Higher
January 15, 2021
Daily Gold News: Friday, Jan. 15 – Gold Still Going Sideways
Daily Gold News: Friday, Jan. 15 – Gold Still Going Sideways
January 15, 2021

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