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Forecast for U.S. GDP Growth
What is expected? JP Morgan is getting some attention today after economists there forecast a negative GDP number in Q1 2021 because of the virus and middling signals on U.S. fiscal stimulus. That's a long way from consensus, which is still bullish on the recovery. Expect that to change in the weeks
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Happy Friday to fellow FOLLOWME users! Before the day ends, here are some topics we think you should check out:
#bitcoinsurge# - Bitcoin rally has been getting eyeballs around the worl...
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Gold Price Analysis: XAU/USD sees firstly weekly close below $1800 since mid-July
Gold lost 4.5% on the week, the worst week since end-September. Stops got triggered after gold breached the $1800 critical threshold. Coronavirus vaccine progress-led economic optimism hammered gold. Gold (XAU/USD) finally breached the critical $1800 support on Friday, closing the week below that le
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German Finance Minister Demands Quick Decisions on Digital Euro
Photo: Bloomberg Germany’s Finance Minister, Olaf Scholz expressed his views on a potential central bank digital currency (CBDC) in an online conference on future payments in Europe. Scholz said that the Europeans should work very hard to find a solution for digital payments. According to his statem
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#XAU/USD#
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Beeks Collaborates with Singapore Stock Exchange to Remove Trade Barriers
Photo: Beeks Financial Cloud Beeks Financial Cloud Group plc, a financial markets connectivity provider, announced that it has launched a new service in partnership with the Singapore Stock Exchange (SGX) to remove commercial trade barriers in the country. In an official announcement, Beeks Group me
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British Pound
#GBP/USD# DXY bottomed and British pound formed a Gartley pattern and broke under the support. So if magic happens and dead bears resurrect, this may happen.
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UK set to approve Pfizer-BioNTech coronavirus vaccine from December 7 – FT
The Medicines and Healthcare Products Regulatory Agency (MHRA), the UK’s medical regulator, is likely to give a green signal to the coronavirus vaccine co-developed by BioNTech SE and Pfizer Inc from December 7, the Financial Times (FT) reported, citing unnamed sources. The vaccine deliveries would
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BOE’s Haldane: Focus on inflation risks as economic recovery gathers pace
Inflation could rise by more than expected on hopes for a quicker economic upturn induced by the coronavirus vaccine progress and massive stimulus, the Bank of England (BOE) Chief Economist Haldane said in a speech to a University College London webinar on Saturday. Key quotes “As the economic recov
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Iraq’s Oil Minister: Will not seek exemption from OPEC+ deal
Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said in a local media outlet that the OPEC’s second-largest oil producer will not ask for an exemption from the OPEC+ oil output cut deal. Key quotes “Oil prices are expected to reach about $50 at the beginning of 2021.” “The commitment of members to t
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Gold Price Analysis: Is the XAU/USD bull market over? – TDS
Last week’s sell-off in gold, which ensued after a breach of the long-term strong support at $1850, raised doubts whether the bull market is nearing an end. Still holding an upbeat outlook on the yellow metal, TD Securities (TDS) Commodity Strategist Daniel Ghali explained that the drivers that push
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CALENDAR ALERT - Don't Miss These Important Announcements!
Weekend is here, but don't forget about these important events scheduled next week you should watch out for: Monday (Nov 30, 2020) Japan's Retail Sales m-o-m Japan's Retail Sales y-o-y Japan's Large Retailers' Sales m-o-m Japan's Industrial Production m-o-m Japan's Industrial Production y-o-y New Ze
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(BLOOMBERG) CreditSights Head of Asia Pacific Financials Research: What's Driving Loan Growth ? - Nov 27, 2020.#india##Economy##CoronavirusVaccine#...
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Pull-up Update
