Weekly Economic and Financial Commentary: May Retail Sales Surge, but Other Data Disappoint
U.S. Review May Retail Sales Surge, but Other Data Disappoint Retail sales kicked off the week with a bang, rising 17.7% month-over-month in May. The increase was larger than every single one of the 74 forecast submissions. The factory data...
Forward Guidance: April Showers Bring May….Green Shoots?
Growing evidence that the recovery began in May is taking some sting out of April data that undershot already grim projections. US retail sales jumped 18% in May – still down 6% from a year ago but significantly better than...
Week Ahead: To Reopen or To Reclose?
Coronavirus cases continue to increase worldwide. From Brazil to China to the US, the number of cases has been increasing. However, as we saw last week from several central banks, they are still ready to do whatever is necessary to...
Bullish Technical Event Alert USD/CAD
Is there a new uptrend emerging in the USD/CAD? Using the “technical Insight” research tool under the Market Analysis tab, we have identified a short-term Bullish technical event in the USD/CAD. Williams %R short term bullish signal confirmed on USD/CAD...
Week Ahead – Markets Play Tug-of-War with Covid-19 Concerns and Reopening Momentum
US governors are trying to carefully navigate reopening plans to salvage as many businesses as possible, while several states continue to struggle containing the coronavirus spread. New York City, once the epicenter of the coronavirus pandemic in the US enters...
While Dems and GOP squabble over extending $600 unemployment benefits, outdated technology may slow any solution
Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing in Washington, D.C., U.S., on June 9 about unemployment insurance during the Covid-19 pandemic. Leah Millis/Reuters/Bloomberg via Getty Images The enhanced...
Robinhood increases guardrails on options trading in the wake of a customer suicide
Robinhood app Source: Robinhood Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week. In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app....
Week Ahead – Juiced Up Markets Wrestle with the Virus Blues
Markets will remain tuned to virus news in the coming week, as the battle between stimulus-fueled optimism and second wave fears rages on. The US virus count might be what tips the scales, not just for stocks but for currencies...
WTI OIL Outlook: Fresh Optimism Lifts Oil Price above $40 Barrier Again
WTI oil probes again through psychological $40 barrier on Friday after the first attack on 8 Jun failed. Bullish sentiment was restored after completion of shallow $40.41/$34.33 pullback on renewed hopes of improvement in global demand, with growing fears of...
A tale of two recessions: Some Americans thrive as others suffer
Federal Reserve Chair Jerome H. Powell during a speech on March 3, 2020 in Washington, DC. Mark Makela/Getty Images The recession caused by the coronavirus pandemic is playing out across stark — and widening — fault lines in America. Lower earners,...
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