Health-care stocks could rebound after their worst week of the year
Health-care stocks fell sharply last week, notching their worst weekly performance of the year, but a rebound may be at hand. The S&P 500 health-care sector fell 4.4% last week, its worst weekly decline since late December. The move ended...
Herman Cain withdraws from consideration for Fed board, Trump says
President Donald Trump announced Monday that Herman Cain, a former pizza executive and 2012 presidential candidate, had withdrawn himself from consideration for a seat on the Federal Reserve Board. “My friend Herman Cain, a truly wonderful man, has asked me...
Trump’s Iranian Decision Basically Ended the OPEC+ Production Cuts
The Easter holiday weekend continues in Europe, but it is anything but calm. It is all about oil this morning. Roughly an hour before the US open, Secretary of State Pompeo confirmed reports that President Trump will no longer grant exemptions on...
Trump advisor Hassett expects economy to defy earlier doomsday predictions with 3% growth
Stronger economic data recently signals a continuation of the 3% GDP growth rate, Kevin Hassett, an economic advisor to President Donald Trump, said Monday on CNBC. “The first quarter is usually a little bit low. I think there’s almost more...
Canadian Dollar Edges Higher, Oil Prices Rise as U.S. Tightens Sanctions on Iran
USD/CAD has edged lower in the Monday session. In the North American session, the pair is trading at 1.3372, down 0.14% on the day. It’s a quiet start to the week, with no Canadian events. In the U.S., there is...
Brent Futures Trade Near Multi-Month High; Upward Sloping Range Holds
Brent futures skyrocketed towards a multi-month high of 74.30 earlier today but are currently moving slightly below this level. The red Tenkan-sen and the blue Kijun-sen lines are flattening below the price action, suggesting a flat bias after the aggressive...
CADJPY Squeezed by Bollinger Band; Strong Movement is Expected
CADJPY has been finding strong support on the bullish cross of the 20- and 40-day simple moving averages (SMAs) since the beginning of this month, creating a narrow sideways move above the 50.0% Fibonacci retracement level of the downleg from...
Elizabeth Warren wants to use her wealth tax to wipe out Americans’ college debt and pay for tuition
Democratic presidential candidate Elizabeth Warren has identified something else to finance with her proposed wealth tax: wiping out student debt and tuition at public colleges. The Massachusetts senator, who has raced ahead of her 2020 rivals with detailed plans to...
Gold Stops Sell-off Near 4-Month Lows; Eyes on Downtrend Line
Gold printed fresh losses last week after remaining mostly stable in the first half of the month, slipping near a four-month low of 1,271 on Friday. The price, however, has been flirting with the lower Bollinger band in the past...
Oil Jumps as US ‘Tightens the Screws’ on Iran
Oil soars as US prepares to impose full sanctions on Iran Currencies enter holiday lull Loonie eyes BoC policy meeting on Wednesday Oil jumps as US ‘tightens the screws’ on Iran Energy markets came back to the forefront on Monday,...
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