4 ways the coronavirus law pays small businesses to keep workers
A tattoo parlor is temporarily closed in the Brooklyn Borough of New York, U.S., on Friday, March 20, 2020. Photographer: Gabby Jones/Bloomberg via Getty Images Bloomberg The $2 trillion coronavirus relief law signed by President Trump last week has several...
COVID-19: A Black Swan or a Group of Black Swans?
Executive Summary: A Group of Black Swans Create Their Own Path While we are just beginning to see the economic impacts of COVID-19 appear in the data, it is clear that what we will see in the coming months will...
Is There a Better Currency to Trade vs GBP than USD?
In our most recent “Week Ahead” we highlighted daily GBP/USD chart as our Chart of the Week. We discussed hot the 61.8% retracement level from the March 9th highs to the March 20th lows at 1.2510 was initial resistance. The...
Still Probably a Bear Market Rally, Oil Prices are Staying Alive, Russia Gives Up on Gold
US stocks are seesawing after the Fed launched a new repo facility, the White House signaled a fourth stimulus plan is being worked on and President Trump’s hope for a $2 trillion infrastructure deal. Trump’s revival of an infrastructure deal...
CADJPY’s Grasp on Positive Picture Slips through its Fingers
CADJPY is currently trading around the 76.36 level, that being the 23.6% Fibonacci retracement of the down leg from 84.73 to 73.78. The price action, although finding some footing from the 75.96 low for upside corrections, is capped by the...
Consumer confidence tumbles in March as coronavirus cases surge
A measure of U.S. consumer confidence fell sharply in March as people grapple with the global coronavirus outbreak. The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February. To be sure, the print...
Dollar Showing Signs of Rebound While Other Markets Consolidate
Markets continue to staying in tight range today as consolidations continue. There is still no end in sight regarding the coronavirus pandemic, with confirmed cases breaking 800k handle, and deaths above 39k. Movements in the major stock indexes are mild...
Home price gains were strong in January, says S&P Case-Shiller, before coronavirus hit US economy
An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home prices were seeing even bigger gains in January than all of last year, but...
Chinese Data Fail to Lift Sentiments, Markets Locked Down in Range
Markets are generally directionless in Asian session today. Strong rebound in China PMIs somewhat fails to lift sentiments. As the origin of the coronavirus pandemic, China could be the first country to come out of it. Yet, one month of...
Asia Data Rebounds In First Signs Of Life
Asia appears to be showing signs of post-coronavirus life this morning, with data released from across the region showing some pleasing signs of a rebound. The results are doubly pleasing as the resurgence is broadly based across the key economies...