CAD/JPY Could Stage Breakout on Hawkish BoC
Earlier I wrote on the USD/JPY, highlighting a potential breakout in that pair above a long-term bearish trend line. In fact, weakness in the yen is a dominant theme as the ongoing stock market rally continues to undermine the appeal...
Japanese Yen Dips to 7-Week Low, Inflation Reports Next
The Japanese yen has posted losses in the Tuesday session. In North American trade, USD/JPY is trading at 111.27, up 0.38% on the day. On the release front, Japanese Preliminary Machine Tool Orders dropped to 11.4%. This marked a fifth...
More than a third of small businesses can’t fill open jobs, matching a record
The number of small business that aren’t able to find enough workers has matched the highest level ever recorded. The percentage of small companies not able to fill open positions hit 36 percent in June, according to the NFIB Research...
Your first trade for Tuesday, July 10
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Ameriprise Financial. David Seaburg was a seller of Twitter. Dan Nathan was a seller of Facebook. Tim Seymour was a buyer of...
Dollar Rallies as Euro Pressured by German ZEW Miss, Yen Lower on Risk Appetite
Dollar strengthens broadly today, partly with help from Euro’s post data weakness. Much weaker than expected German ZEW economic sentiment is giving some pressure to the common currency. On the other hand, USD/JPY surges through 111.13 temporary top and is...
The hottest housing market in the country is up 13% and now may be headed for a crash
Seattle-area real estate agent Jerry Martin said he first entered the business in 1977, which means he remembers the days of double-digit mortgage rates and multiple booms and busts. That includes the bubble in 2006 and 2007 and the historic...
New insight into the cities and states battling to win Amazon’s $5 billion HQ2
Of the 20 finalists for Amazon’s coveted HQ2 project, only seven made CNBC’s Top 10 list in this year’s America’s Top States for Business study. They are Atlanta; Dallas and Austin, Texas; Boston; Denver; Northern Virginia; and Raleigh, North Carolina....
Despite Trump’s draconian policies, refugees continue boosting New York’s Rust Belt economy
The Mehic family fled their home in Bosnia in 1999, four years after the end of the civil war that ravaged the former Yugoslavia. They applied to the United Nations for refugee status, endured more than two years of extreme...
Alaska, shackled with a ‘grave’ budget crisis, is America’s worst state for business
Alaskans just got some good news and some bad news. First, the good news: The state’s budget deficit — estimated at $2.4 billion just a few months ago — has been cut by more than two-thirds, to $700 million. It...
Gambling and drugs may be the cure for Connecticut’s ailing economy
Despite Connecticut’s deep roots in Puritanism, which generally frowned upon frivolity, the Constitution State is poised to shun its priggish past in order to boost its stagnant economy by legalizing sports betting and recreational marijuana — potentially generating hundreds of...
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