Month: November 2021

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The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market has priced in over 60% of a rate hike in June 2022. This appears unlikely
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100 and 200 hour MAs at 113.88. 2018 swing high at 114.544  Current price between the levels The USDJPY has moved higher on the day and in the process moved away from its now converged 100 and 200 hour moving averages near 113.888.  Those two moving averages have converged as the price consolidates between 113.21 and 114.69 (see
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No easy solutions and the problem may last for a long time One of the best things I read this weekend was a Medium post from a trucker describing what’s happening in US shipping on the ground and why it won’t be fixed any time soon. Crushing wait times at ports Shortage of shipping container
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Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election.  Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives, ensuring continuity of the economic policies. While other Asian markets are mixed, Yen is trading
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Here is what you need to know on Monday, November 1: The greenback outperformed its rivals on the last trading day of October and the US Dollar Index (DXY) climbed to its highest level since mid-October. At the start of the new month, major currency pairs stay relatively quiet and the trading action is likely
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Gold prices edged lower on Monday, extending the previous session’s losses, as the strengthened after data showing another advance in inflation fuelled bets over the Federal Reserve tightening its policy sooner. FUNDAMENTALS * Spot gold fell 0.1% to $1,781.78 per ounce by 0044 GMT, after slipping to an over one-week trough on Friday. U.S. gold
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Treasury Secretary Janet Yellen asserted Friday that the administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Speaking to CNBC from Rome where she is attending the G-20 conference of global leaders, Yellen renewed her push for White House spending plans that are unpopular with several factions of Congress and have
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Gasoline prices at a Royal Dutch Shell Plc gas station in San Francisco, California, U.S., on Wednesday, July 7, 2021. David Paul Morris | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported weaker-than-expected third-quarter earnings and announced it had set itself a bigger carbon reduction target. The Anglo-Dutch company
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