Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price index...
Dollar and Stocks Lower on J&J Vaccine Pause, Euro Rises
Dollar trades mildly lower entering into US session, after US FDA and CDC recommend pause of J&J COVID-19 vaccines on blood clot issue. DOW futures also turn south and point to slightly lower open. Meanwhile, UK Prime Minister Boris Johnson...
US Stocks Fall From Record Highs
US equities tumbled from all-time highs as investors weighed the start of the corporate earnings season and an increase in the total amount of bond offerings that triggered the rally. Intel plunged together with Nvidia Corp., making the Nasdaq 100...
EUR/AUD It’s Time For Sellers To Turn The Tables
The EUR/AUD is making a 1-2-3 hook pattern and we should see a move down. Sellers are here. After a retracement, the pair has come to W H3 camarilla pivot. However, it is not just the W H3, it is...
Alibaba shares close higher after Beijing orders Ant Group to revamp business
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong closed 0.43% higher...
Yen Softens in Quiet, Directionless Markets, Dollar Regains Ground
The forex markets are generally quite and directionless for the time being. After very brief selloff yesterday, Dollar is regaining some ground in Asian session today. Sterling is mildly firmer too, but there is no follow through buying. Yen is...
The third round of stimulus checks helped, but millions of Americans are still struggling
While the number of Americans struggling to put food on the table and pay bills fell last month, new data shows that millions are still feeling the financial effects of the Covid-19 pandemic. The third round of stimulus payments started...
Some states require amended tax returns for $10,200 unemployment tax break refunds
10’000 Hours There are probably a ton of people who got unemployment who rushed to file. People are still in panic mode and wanted a refund as soon as possible. Albert Campo certified public accountant State taxes Taxpayers may not...
Will Business Confidence Shake Up AUD?
The Australian dollar has started the week with a whimper. Currently, AUD/USD is currently trading at 0.7620. Australia releases the NAB Business Confidence early on Tuesday (1:30 GMT). Business confidence continues to show stronger optimism, rising to 16 in February,...
Gold Price Eases after Recovery Stalled at Key barrier; US CPI Eyed for Fresh Signals
Spot gold holds in red for the second straight day and extends lower after bulls failed to register a clear break above key barrier at $1755 (Mar 18 high) and generate initial signal of double-bottom formation. Elevated US Treasury yields...
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Trading education
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