Amazon being pushed out of NYC by Ocasio-Cortez was ‘disgraceful,’ says billionaire Leon Cooperman
Leon Cooperman, a billionaire investor and the founder of Omega Advisors, is worried the U.S. may be steering too far left, especially after Amazon opted against opening a second headquarters in New York City. “What happened in New York with...
Canadian Inflation and GDP Data Eyed as BoC Rate Hikes Disappear Over the Horizon
Canada will publish January inflation and Q4 GDP numbers this week, which should provide investors some clues as to the possibility of a near-term rate hike by the Bank of Canada amid a slowing economy. The CPI figures are due...
British Pound Jumps as Parliament to Vote (Again) on Brexit
GBP/USD has posted considerable gains on Tuesday. In North American trade, the pair is trading at 1.3263, up 1.27% on the day. In economic news, BoE Governor Mark Carney testified at the quarterly inflation report hearings. In the U.S., construction...
GBPUSD Faces More Upside Pressure On Bullish Offensive
GBPUSD faces more upside pressure on bullish offensive. looks to recover further higher on bull pressure. Support stands at 1.3100 level. Further down, support comes in at the 1.3050 level where a break will turn focus to the 1.3000 level....
EURAUD Stays Neutral in Short- and Long-Term Timeframes
EURAUD has been moving sideways in the short-term and long-term timeframes. Over the last two-months, the price has been developing between the 1.6060 resistance level and the 1.5720 support barrier, trading near the 20- and 40-simple moving averages (SMAs) in...
Oil Trading Strategies with Futures Trader Tracy Shuchart| Podcast
KEY POINTS COVERED IN THIS PODCAST – How Tracy uses a macro approach to trading the oil market – The books to check out to improve your oil trading knowledge – Key oil benchmarks for 2019 Tracy Shuchart is a...
Sterling Breaks Key Resistance as UK Moves a Big Deal to Avoid No-Deal Brexit
Sterling rises broadly today and takes out key resistance against Dollar and Euro. UK has moved a big step in avoiding no-deal Brexit. Prime Minister Theresa May announced to hold three separate votes on Brexit deal, no-deal Brexit and delay....
$8 billion money manager sees 2019 as year of record upside despite sell-off warning
Avalon Advisors’ Bill Stone sees stocks hitting record highs this year, but getting won’t come without trouble. “This is as good as it gets, at least in the short run,” the firm’s chief investment officer said Monday on CNBC’s “Trading...
GBP/CAD 4H Chart: Short-Term Surge Expected
The British Pound has appreciated about 1.58% in values against the Canadian Dollar since last week. The currency pair was supported by a cluster formed by the of the weekly and the monthly PPs and the combination of the 50-,100...
Currency Carry Trade: What is it and how does it work?
A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. This is also known as “rollover” and forms an integral part of a...