Modern monetary theory had already paved the way for this change in attitude by hypothesizing that countries with fiat currencies, such asUSDorJPY, could issue debt more or less without limits. However, mainstream economists argue that high levels of debt...
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Modern monetary theory had already paved the way for this change in attitude by hypothesizing that countries with fiat currencies, such asUSDorJPY, could issue debt more or less without limits. However, mainstream economists argue that high levels of debt...
Gold prices are up over 1.5% since the start of August against theUS Dollar, putting XAU/USD on track to record its first monthly gain since March. After falling to their lowest level of 2022 last month, prices began rising...
The 21-daysimple moving average (SMA)is approaching the 200-day SMA. If it should move below it, this would create aDeath Crosswhich may indicate bearish momentum is evolving. Support could be at last Friday’s low of 87.01 or January’s low of...
US DOLLAR INDEX STEADY AS US AND CHINA TENSIONS RISE American stocks were volatile Tuesday as investors reflected on strong quarterly results by leading companies and hawkish statements by Fed officials. Uber, the biggest ride-sharing company in the world,...
AUDUSD PLUNGE CONTINUES DESPITE HAWKISH RBA DECISION The Australian dollar declined sharply on Tuesday even after the latest interest rate decision by the Reserve Bank of Australia (RBA). The bank decided to hike interest rates by 0.50%, bringing the...
US EQUITIES RALLY EVEN AFTER HAWKISH FED DECISION American stocks rose while the US dollar slipped in the overnight session after the latest interest rate decision by the Fed. As was widely expected, the Fed decided to hike interest...
DOW JONES FUTURES RISE AHEAD OF THE FOMC DECISION The Australian dollar moved sideways after the latest consumer inflation data. According to the Australian Bureau of Statistics (ABS), the headline inflation rose to the highest level in over 20...
US DOLLAR INDEX RETREATS AHEAD OF CONSUMER CONFIDENCE DATA The EURUSD price moved sideways on Tuesday morning as investors waited for the upcoming US consumer confidence data and Federal Reserve interest rate decision. Economists expect data by the Conference...
US STOCK FUTURES RISE ON EXPECTATION OF FED RATE CUTS American futures rose on Monday as investors waited for important earnings by top American companies. Some of the top companies that will publish their results this week are Apple,...