The EUR/USD pair corrects oversold conditions after its decline past 1.12. Nonetheless, the undertone remains bearish, in the view of economists at Scotiabank.   Break above 1.13 needed to alleviate downside pressure “The overall trend in the EUR remains clearly bearish and it would take a cross of 1.13 to at least suggest that theContinue reading

COVID 19 SURGE IN AMERICA.

BRASILIA (Reuters) -New COVID-19 cases have jumped 23% in the Americas in the last week, mostly in North America where both the United States and Canada are reporting increasing infection rates, the Pan American Health Organization (PAHO) said on Wednesday, warning that the region might be facing a relapse as in Europe.

Latest federal reserve news

As Federal Reserve Chair Jerome Powell looks forward to four more years at the helm of the world’s most powerful central bank, attention is turning to the increasing likelihood he and his fellow policymakers will wean the U.S. economy off emergency support faster in the face of high inflation and strong job gains All signsContinue reading “Latest federal reserve news”

Gold prices ease on dollar uptick as Fed policy verdict looms

Nov 2 (Reuters) – Gold prices eased on Tuesday, hurt by an uptick in the dollar as investors await a policy meeting of the U.S. central bank for clues to how it will fight growing inflationary pressures and worries over weaker economic growth. Spot gold XAU= dipped 0.1% to $1,791.23 per ounce by 0406 GMT.Continue reading “Gold prices ease on dollar uptick as Fed policy verdict looms”