Dollar Extending Corrective Recovery, ADP Job Disappointment Ignored
Dollar remains generally firm into US session as corrective recovery continues. Much weaker than expected ADP job data is ignored by traders. US stocks are also set to open higher with S&P 500 and NASDAQ extending the record runs. Australian...
USDJPY Maintains Sideways Bearing; Momentum Dries Up
USDJPY appears to remain stuck between the boundaries of 105.09 and 107.00, as the Ichimoku lines echo a momentum deprived market. The gradually slipping simple moving averages (SMAs) hold a fairly flattened tone, aiding the current directionless price action. Furthermore,...
U.S. financial firms like Citi and BlackRock make inroads into the Chinese market
Aerial view of Lujiazui Financial District at dusk, Pudong, Shanghai, China. Fei Yang | Moment | Getty Images From regulatory approval to business decisions, major American financial giants are moving deeper into the Chinese market, even though political tensions between the...
Aussie Down on GDP Contraction, Dollar Recovers ahead of More Data
Australian Dollar tumbles broadly today and it’s trading as the weakest one so far. The decline partly follows worse than expected Q2 GDP data, and partly as profit taking on recent strong rise. Selloff against New Zealand Dollar the latter...
Elliott Wave View: Nasdaq (NQ) Looking To Extend Higher
Elliott Wave View of NASDAQ (NQ_F) suggests the Index ended the cycle from August 12 low as wave (1) at 11437 high. The pullback in wave (2) unfolded as zigzag correction and ended at 11221.50 low. The index then continued...
U.S. economy needs over $1 trillion in fresh coronavirus stimulus, says world’s biggest hedge fund
The co-CIO of the world’s largest hedge fund told CNBC on Tuesday that the U.S. economy continues to need significant fiscal support in order to sustain its recovery from the coronavirus-induced devastation. Greg Jensen of Bridgewater Associates said the firm...
She gets just $33 a week in unemployment benefits. Trump’s $300 boost isn’t coming.
Win McNamee | Getty Images News | Getty Images August was a hard month for Donna Crenshaw. First, she stopped getting an extra $600 a week in federal unemployment benefits, which had been helping pay the bills. Absent that subsidy,...
Job growth expected to slow sharply over the next decade, Labor Department says
Getty Images The pace of job gains over the next decade will slow considerably amid a sharp decline in the active labor force and an aging population, according to Labor Department projections released Tuesday. From the period of 2020-29, the...
USD/CAD Yawns as Manufacturing PMIs Rise
The Canadian dollar is showing limited movement in the Tuesday session. In the North American session, the pair is trading at 1.3060, up 10% on the day. Canada, US Manufacturing PMIs head higher Manufacturing activity accelerated in August on both...
ECR survey results Q4 2019: Risk diminishes for Greece, Russia and Nigeria, but Argentina, Hong Kong and Turkey dive
There’s light at the end of the tunnel, but not all are on the right track The mean average global risk score improved from the third to fourth quarter as business confidence stabilized and political risks calmed, although it was...
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