New Zealand Dollar Strengthens on hawkish Reserve Bank of New Zealand sentiments about the economic outlook.Yen continues to lose ground against majors on the growing concern of Japan's economic outlook.Gold powers through $1900 amid increasing U.S inflation concernsBitcoin bounce back continues to gather steam above the $40,000 level The NZD/USD consolidates near … [Read more...] about NZD/USD Rallies to 3-Month High on Hawkish RBNZ as Gold Erases 2021 Losses
Forex News
GBP/USD is Ripe for a Bullish Breakout as Pressure Mounts on Fed and BOE
The GBP/USD is hovering near the highest level since April 2018 as investors focus on the strong recovery of the UK economy. It is trading at 1.4180, which is slightly below the year-to-date high of 1.4240. Strong UK economy The GBP/USD has been on strong upward momentum in the past few months as investors have focused on the strong UK economic recovery. The pair has … [Read more...] about GBP/USD is Ripe for a Bullish Breakout as Pressure Mounts on Fed and BOE
U.S. Home Prices Post 15-Year High Growth In March
Home prices in the United States grew by the highest in over 15 years in March, the S&P Dow Jones Index reported. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index climbed 13.2% in March, from 12.0% in February.This is the highest annual gain since December 2005, and the tenth consecutive month of accelerating prices.The 10-City Composite annual … [Read more...] about U.S. Home Prices Post 15-Year High Growth In March
India Readies Stimulus Package To Boost Economic Growth
India is working on a stimulus package that would drive recovery after a surge in COVID-19 cases that made the country a hotspot, according to Bloomberg. The package being prepared by the finance ministry covers tourism, aviation and hospitality industries, and small and medium-sized firms.Talks are still at the early stages and a timeframe has yet to be set. Officials have … [Read more...] about India Readies Stimulus Package To Boost Economic Growth
Germany Opens 2021 With 3.4% Economic Slump
Germany opened 2021 with an economic contraction in the first three months as lockdown restrictions marked household spending, the Federal Statistics Office reported. The price-adjusted gross domestic product (GDP) shrank by 3.4% in the first quarter of the year versus the same period in 2020. The price- and calendar-adjusted GDP was down 3.1%.GDP contracted by 1.8% … [Read more...] about Germany Opens 2021 With 3.4% Economic Slump
