China-listed stocks tank on fears of multiple disputes with U.S.
Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and...
Another attempt to clear ship blocking Suez Canal fails as economic impact mounts
A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the...
Covid masks and hand sanitizer can get you a tax break, IRS says
Luis Alvarez | DigitalVision | Getty Images Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code...
Yields and Yen: A Negative Relationship
Yields and Yen are not friends. They actually have been running away from each other lately. However, this dysfunctional relationship has led to some nice profits for bond and Yen traders. With the benchmark US Treasury yield trading up at...
Week Ahead – US Jobs Report to Headline Quiet Easter Week
As markets reassess how soon European economies will be able to reopen, the March nonfarm payrolls report out of the United States will likely highlight the widening growth disparity between the two regions. The expected strong US data could help...
Forward Guidance: Canada GDP Data to Highlight Resilience Through Second Wave
Next week’s Canadian GDP report is expected to confirm the economy continued to grow in January, despite virus-containment measures that put a lid on retail sales and kept the hospitality sector sharply depressed. We see little reason to deviate from...
USDCHF Spikes to 0.9417 But Struggles to Beat 123.6% Fibonacci Extension
USDCHF is tackling the 0.9414 level, which happens to be the 123.6% Fibonacci extension of the down leg from 0.9375 to 0.9213. The soaring simple moving averages (SMAs) are nurturing the positive structure, while the Ichimoku lines are reflecting a...
AUD/USD: The Huge Head-and-Shoulders Pattern that Every FX Trader is Watching
As we noted in yesterday’s analysis of EUR/USD, the US dollar has been on tear over the last month, reversing its trend of relative weakness over the previous three quarters. The recent moves have flipped the technical bias in favor...
US 30 Index’s Gains Curbed by 32,800 Mark and Ichimoku Cloud
The US 30 stock index’s (Cash) recently found foothold at the 32,068 level has elevated its price into the vicinity of the 50-period simple moving average (SMA). In spite of this, instantly limiting additional price gains is the 32,800 barrier...
Yen Tumbles Broadly as Risk Appetite Returns
Yen is sold off broadly today as risk appetite returns to the markets. European indices are all trading in black at the time of writing, while US futures also point to a rebound. Additionally, US 10-year yield is also trading...
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