Forex traders await inflation data out of the US, which is expected to show an annualized increase of 2.5%. The US Fed is closely following developments on the inflationary front but prefers the core PCE Deflator of the GDP report. An increase in inflationary pressures may force the central bank into an unexpected interest rate increase, derailing the fragile economy. How will price action in the USDJPY react following the release of today’s CPI report? Today’s fundamental analysis will take a look at price action in both...
Gold has maintained its bullish bias as the deadly coronavirus dominates the headlines. Forex traders are looking forward to January's economic reports to get a clearer picture of disruptions caused to the supply chain. Gold is now trading just above its horizontal support area, will bulls get enough data to push this precious metals to a fresh 2020 high, or are bears ready to force a sell-off? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The RBNZ left interest rates unchanged, noting that...
Against the background of the coronavirus spreading slowdown, as well as encouraging comments from the Head of the US Federal Reserve Jerome Powell and increasing liquidity, the US stock indices are updating their highs, for example, the S&P 500 made 3374.38 p. by 18.30 GMT yesterday, for the parent instrument - 3375.64 p. In yesterday's speech, Jerome Powell said that his agency would continue to buy treasury securities in the second quarter - the earlier positive market was associated with the period until April. Also, Powell said...
Last week was very profitable for shareholders of Twitter, Inc. (NYSE: TWTR), whose shares soared 14% to $37.03 (maximum of $39.48) over the week since the last annual results were published. The results were roughly in line with the estimates, with revenues of $3.5 billion for the week since the last year's publication. The results were roughly in line with estimates: revenue of $3.5 billion was reported and earnings per share were $1.87. The company's profitability is the main criterion for investors by which they can monitor the...
Forex traders will get a big batch of UK economic data today. Front-and-center is preliminary fourth-quarter GDP, followed by service sector data, industrial and manufacturing production, as well as trade data. The GBPAUD is awaiting today’s data inside of its horizontal support area. How will price action react after the release? Today’s fundamental analysis will take a look at price action in both directions. Australian home loans beat economists expectations and so did the value of investor loans. The upbeat picture allowed...
