Recap April 25: Kraken CEO Bitcoin Regulation, Biden Tax Hike, War with Russia (Recap Ep120)
In this week’s recap, U.S. stocks took a dive on Thursday, following reports President Biden planned to nearly double the capital gains tax & planned to raise income taxes on…
Read More »Market Update – January 19 – USD & Yen Slide
EURUSD, H1 The Dollar and Yen have come under pressure today after rallying yesterday. A bullish sentiment in global stock markets has boosted other currencies, particularly the dollar bloc and…
Read More »US Market Open – Mixed data but USD holds up
USDIndex, H1 US Retail sales fell -0.7% in December and declined -1.4% excluding autos, much weaker than projected. November sales dropped -1.4% (was -1.1%) with the core rate off -1.3%…
Read More »US Update – January 7 – Claims, Trade, Stocks & Services ISM
USA500,H1 A widening US trade gap, a persistently high (although falling) claims and a big beat for ISM Services The -3,000 initial claims drop to 787,000 in the New Year’s…
Read More »US House has easily passed the COVID $2000 check bill, as promised
The bill to boost checks to $2000 instead of the current $600 has easily passed the House of Representatives in Congress. Earlier: It was fast-tracked with a majority of more…
Read More »Recap December 27: Bitcoin Surges, Tesla Dumps, Covid Mutant Strain (panic!) (Recap Ep103)
In this week’s recap, the US stock markets were mixed, as investor concerns over a new coronavirus strain in the U.K. and the U.S. President Trump called the $892B package…
Read More »Trump asks Congress to amend the COVID-19 relief bill – says has unnecessary components
Trump posted a video of himself to Twitter Trump not signing the bill, or is he going to veto it???, is going to be a risk negative Trump is floating…
Read More »Gold stuck at mid 1,800
The risk appetite is on the rise to begin the last full trading week of 2020. Positive Brexit headlines, with the headlines that the EU and UK agreed to extend…
Read More »NFP Friday in US Election Week!
Treasury Action: losses on Treasuries have accelerated even as stocks sag. Some of the action is a function of unwinding of some of this week’s big moves. But there’s some renewed…
Read More »Events to Look Out for Next Week
Uncertainty and doubts soared in November as the virus surged, the FED and ECB have been unable to deliver more stimulus yet, and the US election is indicating a Biden…
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