The jobs recovery could be choppy, with some coming back quickly and others lost forever
A worker wears a mask at the Boeing Renton Factory, where 737 MAX airliners are manufactured, as commercial airplane production resumes following a suspension of operations last month in response to the coronavirus pandemic as efforts continue to help slow...
Risk Appetite Finding Headwinds…Worst Is Yet To Come???
Notes/Observations Risk aversion simmers as concerns linger about the economic risks from the pandemic and various analysts raised the alarm level regarding equity valuations Asia: Australia Apr Employment Change: -594.3K v -600.0Ke (record decline); Unemployment Rate: 6.2% v 8.3%e (rate...
USDCHF Picks Up Speed After Bounce On 50-Day SMA
USDCHF appears to have found some footing from the 50-day simple moving average (SMA) and is attempting to climb over the 23.6% Fibonacci retracement of the up leg from the multi-year low of 0.9182 to the three-month peak of 0.9900....
Stocks Weighed Down By Fed Powell, Yen and Dollar Back in Control
Yen and Dollar are back in control today as Asian markets turned red, following weakness in the US overnight. Fed Chair Jerome Powell’s comments somewhat disappointed investors. Australian Dollar weakens in general after data showed record contraction in employment. Though,...
Commonwealth Bank of Australia: Why is KKR buying Colonial First State?
The news that KKR will buy a majority stake in the Commonwealth Bank of Australia’s (CBA) wealth management business is striking from both sides of the fence. On the Australian side, the seller, it shows that the banking industry’s commitment...
Global funds invest more in China as coronavirus spreads to the rest of the world
Getty Images Market dislocations triggered by the coronavirus crisis have sent more capital into Chinese stocks — and some strategists see this as part of a longer-term trend. “We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil,” Todd...
WTI Oil Outlook: Much Lower than Expected Build in Crude Stocks Supports Oil Prices but Bulls Lack Momentum to Resume
WTI oil price rose above $26 level and cracked falling 55DMA ($26.45) after US weekly data showed that US crude inventories rose by only 0.7 million barrels against expectations for 4.1 million barrels build and last week’s increase of 4.5...
Powell’s Cautious Update, Oil Pops and Drops after Surprise Draw
Powell’s Cautious Update, Oil pops and drops after surprise draw, Gold tanks and dollar recovers after negative rate comment, Bitcoin climbs higher Fed Chair Powell’s economic update did little to boost confidence with the short-term outlook. Powell’s tone was very...
Could the U.S. Economy Be Facing Deflation?
Executive Summary If history is any guide, the economic weakness stemming from COVID-19 should put downward pressure on rates of consumer price inflation. Indeed the year-over-year change in the consumer price index slid in April to its lowest rate since...
JP 225 Index Steadily Gains Ground
JP 225 stock index (Cash) continues to gradually appreciate backed by the positively charged simple moving averages (SMAs). Further fuelling the upward incline, are the Ichimoku lines – though slightly weakened – and the Ichimoku cloud. Glancing at the short-term...
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