Source: Financial Times The European Central Bank will push through with the gradual reduction of its bond-buying program in the third quarter, even with inflation outlook risks intensifying. EZU is down 0.33%, while VGK is down 0.31%. ECB President Christine Lagarde said upside risks to inflation have “intensified,” but this is seen to weaken if demand softens in the … [Read more...] about ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
Ripple (XRPUSD) Rebound Looms After Big SEC Win
Ripple vs. SEC legal tussleXRP hits bottom, breakout loomsRipple cross border payment edge Ripple market sentiments have received a boost after coming under pressure amid an ongoing legal tussle involving the US Securities and Exchange Commission (SEC). Reports that the popular mega-cap cryptocurrency is closing in on a big win in court is the catalyst supporting an uptick … [Read more...] about Ripple (XRPUSD) Rebound Looms After Big SEC Win
Jobless Claims Climb to Five-Week High
Source: US Labor Department Unemployment claims in the United States rebounded in the first full week of April, hitting the highest level in five weeks. DXY is up 0.36%, while Gold is down 0.24%. Seasonally adjusted initial claims increased by 18,000 to 185,000 from the previous week’s upward revised level of 167,000. This is the highest since March 5’s 198,000.The … [Read more...] about Jobless Claims Climb to Five-Week High
Red Horse EA Review
Red Horse EA is a trading tool that mainly works on the XAUUSD currency pair. It is unique from other systems in that it is not fully automated. All users are linked to one major trading system that is under the control of the vendor’s professional traders. This system they talk of conducts trades based on a certain strategy while allowing the trader to set the drawdown, time, … [Read more...] about Red Horse EA Review
US Producer Prices Rose by a Higher 1.4% in March from February
Source: Bureau of Labor Statistics The Producer Price Index in the US gained 1.4% in March, accelerating from an increase of 0.9% in February and 1.2% in January. SPY is up +0.55%, DXY is down -0.12%. Final demand for goods led to the rise in the producer prices in March, with a gain of 2.3% in March, the same as February. Final demand services saw a gain of 0.9%.More … [Read more...] about US Producer Prices Rose by a Higher 1.4% in March from February
