Major companies are ringing alarm bells, trying to warn Washington about more tariffs
Mark Ralston | AFP | Getty Images More than 300 companies are talking to government officials in Washington this month about how detrimental the trade war between the U.S. and China has been and will be to their business. Testifying...
Elliott Wave Analysis: Bears May End on USD Index?
USD Index is clearly bearish, down from 97.7 region, where a former higher degree a-b-c pullback had found resistance and pushed price into a sharp fall. We labelled a new, higher degree, five-wave cycle in progress, with price now unfolding...
MARKET WRAP: Stocks Fell & Dollar Recovered
Investors are sensitive about the outcome of the G-20 meeting and what this means for the US and China trade deal Stocks The S&P 500 Index dropped as investors reacted to heightened geopolitical tensions. The index dropped 0.38% as of...
Fed chief Jerome Powell warns against policy bending to ‘short-term political interests’
Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates. He spoke during a event at the Council on Foreign Relations in New...
The Head and Shoulders Pattern: A Trader’s Guide
Often considered the most steadfast of all major reversal patterns, the Head and Shoulders chart pattern is employed by novice and experience traders alike to speculate on both forex and stock markets. The benefit of this chart pattern is defined...
New home sales sank 7.8% in May, despite a big drop in mortgage rates
Homebuyers pulled away from the builders in May, even as affordability improved thanks to lower mortgage rates. Sales of newly built homes fell 7.8% from April were 3.7% lower than in May 2018, according to the U.S. Census. This number...
Stocks Extend Declines on Soft Consumer Confidence and Housing Data
The start of the New York session was greeted with weakness and stocks extended their declines after consumer confidence fell to the lowest levels since September 2017 and new home sales declined for a second consecutive month. Both the Dow...
Gold – Can Anything Stop the Rally?
Gold is flying once again as it looks to extend its winning streak to six days and build on the almost 7% gains it’s made in that time. Gold Daily Chart All you have to do is look at a...
Consumer confidence drops more than expected, reaching its lowest point in nearly two years
A key measure of the American economy slipped this month after three consecutive months of increases as consumers saw the trade war with China as an increased risk. The Conference Board’s consumer confidence index declined to 121.5 in June, the...
Debt and deficits won’t be as bad as feared but are still dangerous, CBO says
Both the nation’s debt and deficit will grow more slowly than previously forecast, according to new government data, the result of lower interest rates and reduced disaster spending. The Congressional Budget Office estimated Tuesday that the national debt will rise...
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