Core-Perimeter Trading Model: US, Eurozone & China
Core-Perimeter Trading Model Three economic powerhouses are the primary drivers of the global economy: the US, China and EU. Surrounding each of these growth nodes are perimeter economies that strongly rely on the performance of the core. These are typically...
Stock futures flat after markets reach record highs, S&P 500 tops 3,700
U.S. stock futures rose slightly in overnight trading on Tuesday, building on recent strength that’s pushed the major averages to record highs. Dow futures rose 77 points. S&P 500 futures and Nasdaq 100 futures gained 0.19% and 0.16%, respectively. Fueling...
Even with a Covid vaccine, U.S. economy will likely get worse before it gets better: Ned Davis Research
We still haven’t seen “the storm before the calm.” So says Alejandra Grindal, senior international economist at Ned Davis Research, despite the market’s run to record highs, reignited Tuesday by positive announcements around a Covid-19 vaccine. The U.K. began rolling...
Economic growth will be better than expected thanks to the resilient services sector, Goldman says
Teresa Nguyen, a respiratory therapist, goes over a patient’s charts inside a room for people with the coronavirus disease (COVID-19) at a hospital in Hutchinson, Kansas, November 20, 2020. Callaghan O’Hare | Reuters The U.S. economy will recover faster than...
Will the Beirut port explosion bring about true change in Lebanon?
In Beirut’s Karantina, an area devastated by an explosion at the city’s port on August 4, volunteers have stepped in to help clean up its streets. They are helping the area’s vulnerable – and now homeless – residents where the state...
Borrowers looking to use Fed’s Main Street lending program run into dead end
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash |...
Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S....
US: Small Business Confidence Takes a Step Back in November
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
USDCAD Pauses Descent but Maintains Bearish Tone
USDCAD is trading around the 1.2782 trough, aggressively formed in October of 2018, which is freezing its negative price action, as it hits a 30½-month low of 1.2767. Nonetheless, the dictating simple moving averages (SMAs) are endorsing the predominant bearish...
US Dollar Index Holds Near 32-month Trough; Strongly Negative
The US dollar index has been in a significant bearish tendency since March 3 and last week the price posted a fresh 32-month low of 90.42. Looking at momentum oscillators on the daily chart though, they suggest an upside pullback...
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