Biden seeks extra $400 a year in Pell grants for college and to expand aid to Dreamers
Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden...
SEC is scrutinizing SPAC projections, seeks clearer disclosures
Saul Loeb | AFP | Getty Images The SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them...
Week Ahead – US and China Data Could Reinforce Optimism but RBNZ to Sound Caution
As the dollar recedes on some scepticism around the aggressive bets of an early Fed tightening, US inflation and retail sales numbers due in the coming week could reignite those expectations. There could be a further boost to the global...
Canadian Jobs Data Solid: USD/CAD
The BOC will take note of the strong employment print, as they are currently the frontrunner to taper monetary policy! The Canadian Employment Change for March was +301,100 vs and expectation of +100,000 and +259,200 in February. The number was...
NZDUSD Buyers Confront Short-Term Downtrend Line
NZDUSD has consolidated over the somewhat neutral Ichimoku cloud, after slightly improving from a recently formed floor at the 0.6942 level. The falling 200- and 100-period simple moving averages (SMAs) are shielding the bearish structure, while the climbing 50-period SMA...
Canada Employment Surged Higher in March
Stronger-than-expected 303k employment gain cut the remaining shortfall relative to pre-shock levels in half Easing containment measures allowed some recovery in hospitality sector, but gains broadly based The unemployment rate fell to 7.5% from 8.2% in February Renewed virus containment...
Canadian Dollar Rises on Strong Job Data, Gold Fails Double Bottom Neckline
Canadian Dollar jumps broadly in early US session, with help from much better than expected job data. Dollar is following as second strongest for today, paring some of this week’s losses. On the other hand, Yen and Euro, turn weaker,...
Dow Jones Index Bullish Breakout Aims At 35,000 Target
Dow Jones Index (US 30) is building a bull flag continuation chart pattern within a larger uptrend. A bullish breakout should confirm a push higher. The US 30 chart needs a break above the resistance trend lines (orange) to confirm...
GBP/USD Outlook: Bears Crack Key Supports And Look To Continue Larger Downtrend
Cable extends weakness into the fourth straight day and tested key support at 1.3670 (Mar 25 low / 100DMA) in early European trading on Friday. Bears emerged from daily cloud (cloud base lays at 1.3712) after trading within thick cloud...
US 100 Index Stabilizes Marginally Below Record High
The US 100 index is stabilizing around the record high of 13,904, pausing the strong upside tendency. The technical indicators, though, are sending mixed signals, suggesting that the softness in the market may not over yet. The RSI has turned...
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