Financial Stocks Rise as Fed Clears Path for Banks to Resume Buybacks
The Federal Reserve's stress test results for the U.S. banking system pushed financial stocks higher in after-hours trading Friday afternoon with the assessment clearing a path for banks to begin…
Read More »Forexlive Americas FX news wrap: No Brexit deal. No Covid stimulus deal….at least so far
Forex news for North American trading on December 18, 2020 The day (and week for that matter) started with hopes for deals. One was for a Brexit deal out of…
Read More »Weekly Fundamental Gold Price Forecast: Can You Trust The Rebound in XAU/USD?
Gold prices in USD-terms have rallied sharply this week, but gold’s gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar weakness is masking gold’s own bearish underlying…
Read More »The US has slashed visas for members of China’s Communist Party from 10 years to 1 month
Posting as an ICYMI on a move to substantially restrict travel to the United States by members of China’s ruling Communist Party and their families. China, unsurprisingly, says the visa…
Read More »Investible vs Tradeable: The Best Stocks to Hold, not to Trade
There are thousands of stocks you can trade in every day. If you are primarily in the United States, you have access to more than 4,000 publicly-traded firms. You can…
Read More »USD giving back some of its strength in Asia morning trade
The USD had a good session during US time (OK, OK … Bitcoiners, you did better!) Morning trade in Asia is seeing a bit of give back, EUR, AUD, GBP,…
Read More »FX Update – November 27 – Sterling in Focus
GBPUSD, H1 Narrow ranges have been prevailing in risk-cautious trading. The USDIndex settled around the 92.00 level, above yesterday’s 12-week low at 91.84. EURUSD remained buoyant but off from the…
Read More »Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving
Rising Covid cases in the US and a squabble between the Treasury and Fed dented market sentiment this past week. The tech-heavy Nasdaq outperformed its index counterparts as longer-dated government…
Read More »Japanese Yen Outlook: USD/JPY May Fall to Support as Covid Boosts Haven Bets
Despite the continuing surge in Covid cases and a worse than expected U.S. jobless claims report, Wall Street ended the day higher. USD/JPY reversed an intraday move higher, looking to…
Read More »ForexLive Americas FX news wrap: Consumer sentiment slides
Forex news for North American trade on November 13, 2020: Markets: – S&P 500 closes at record high, up 1.4% – US 10-year yields down 1.3 bps to 0.896% –…
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