EUR/USD: Correction gains speed as the US dollar recovers strength
The EUR/USD posted its seventh weekly gain in a row but closed Friday far from the top and on a weak note. At the same time, after a sharp slide,…
US GDP: From the worst to the best quarter ever, or something like that
The United States recorded its worst-ever growth figure in the second quarter. The lockdowns from COVID-19 triggered an economic contraction not seen before in recent history. Last week data showed…
Is not just in Wall Street: Tech stocks are rallying everywhere
We’ve all heard tech companies have been leading stocks gains during the pandemic, taking the Nasdaq Composite index to test the 11,000 level. The big five, Alphabet, Amazon, Facebook, Apple,…
NFP report: Should you trade it?
The US official employment report for July will be released on Friday. Jobs data is published on the first Friday of each month. The key numbers of the report are…
Gold finally made it to $2,000, will silver get to 50?
When silver (XAG/USD) reached an all-time high of $49.80 (April 2011) gold (XAU/USD) was lagging, trading around $1,560. It took five more months for the yellow metal to catch up…
Will August be friendlier to the US dollar?
The week begins with the US dollar staging a recovery and cutting part of its recent losses versus most of its counterparts. A bounce in US bond yields and an…
July: The month of gold, BTC and techs
July was a month of record highs for many stocks, led by the tech sector. While the economy continued to suffer from the coronavirus, Wall Street and Chinese markets soared,…
Apple stock split: A reflection of the current rally
Apple announced its Q2 results and a four-for-one stock split. The split is possible because the price has risen so much over the last six years. This is not the…
Nasdaq: Rally falters as earnings season unfolds; What’s next?
US stocks continue to pull back from recent highs. On Tuesday, all three main Wall Street indexes closed into the red as investors digest corporate earnings results and await stimulus…
July FOMC Meeting: Laying the ground for September
The Federal Open Market Committee (FOMC) is expected to leave monetary policy unchanged at its July meeting, although some analysts are anticipating the Fed will move to more dovish rhetoric,…
