Reuters released Fed Chairman Powell's response to Senator Rick Scott, who expressed concern about rising inflation and the Fed's buying program: -Too low inflation hurts both households and companies; -We don't plan to allow inflation to go substantially above 2% or inflation above that level for an extended time; -Inflation will rise slightly higher this year, reflecting in part temporary factors amid an economic recovery; -We don't expect inflation to rise too much, but we do have the tools to deal with 1970s-style inflation; -The pace of Fed bond purchases is not related to deficits; -Growth in the U.S. economy appears to be accelerating; -Unemployment rates are not fully in the labor market, which has not yet returned to pre-pandemic levels; -Rising COVID-19 incidence is worrisome; Vaccination allows hope for a return to normalcy this year. Check below for full analysis, ENTRY's and TP's.

The Japanese National CPI for March increased by 0.2% monthly and decreased by 0.2% annualized. Forex traders can compare this to the Japanese National CPI for February, which increased by 0.1% monthly and decreased by 0.4% annualized. Check below for full analysis, ENTRY's and TP's.

Gold futures prices surged in U.S. trading on Wednesday. On COMEX, a division of the New York Mercantile Exchange, gold futures for June are trading at $1,793.15 per troy ounce, up 0.83%. At the moment of writing, gold had support at $1.740.10 and resistance at $1.798.25. Check below for full analysis, ENTRY's and TP's.

International Business Machines did not disappoint analysts and experts when it reported its first-quarter earnings earlier this week. The century-old technology giant recovered the revenue growth and exceeded both top-and bottom-line analyst estimates. A strong increase in cloud computing and solid mainframe performance contributed to that. Check below for full analysis, ENTRY's and TP's.

USD/CAD dropped from the highs of the morning American session at 1.2653, shedding a figure and tested the level of 1.2500. At the moment of writing, the pair was trading around 1.2519, having lost 0.7% intraday and remaining under strong bearish pressure. Check below for full analysis, ENTRY's and TP's.

US Initial Jobless Claims for the week of April 17th are predicted at 617K, and US Continuing Claims for the week of April 10th are predicted at 3,667K. Forex traders can compare this to US Initial Jobless Claims for the week of April 10th, reported at 576K, and to US Continuing Claims for the week of April 3rd, reported at 3,731K. Check below for full analysis, ENTRY's and TP's.

It's been 13 months since Pfizer announced its partnership with BioNTech to develop a vaccine for COVID-19. Since then, Pfizer stock is up more than 26%. That might not seem like a bad performance until you consider that the S&P 500 Index has risen nearly 2.5 times in the same period. Check below for full analysis, ENTRY's and TP's.

The U.S. stock market closed Tuesday's trading lower on the back of negative dynamics from the oil and gas, commodities and financial sectors. The NASDAQ Composite Index was down 0.92% at the close of trading on the New York Stock Exchange. Check below for full analysis, ENTRY's and TP's.

Britain: The unemployment situation is better than expected: -Britain: March, claims for unemployment benefits 10.1 thousand vs. pre. 67.3 thousand (revised from 86.6 thousand); -Unemployment rate 7.3% vs. pre. 7.3% (revised from 7.5%); -February, ILO unemployment rate 4.9% vs. 5.0% forecast and pre. 5.0%; -Employment rate -73 ths. vs. the forecast of -145 ths. and pre. 147 ths. February, -Average Weekly Earnings including bonuses +4.5% 3m/y vs. pre. +4.8%; -Average weekly earnings excluding bonuses +4.4% 3m/y vs. forecast +4.2% and pre. +4.3% (revised from +4.2%). Check below for full analysis, ENTRY's and TP's.

The New Zealand CPI for the first quarter increased by 0.8% quarterly and by 1.5% annualized. Economists predicted an increase of 0.7% and 1.4%. Forex traders can compare this to the New Zealand CPI for the fourth quarter, which increased by 0.5% quarterly and by 1.4% annualized. Check below for full analysis, ENTRY's and TP's.