Economy

The major U.S. stock indexes settled lower on Tuesday, pressured by popular technology issues, Apple and Tesla. Losses were softened, however, by a climb in materials stocks as investors waited for the U.S. Congress to approve another stimulus package. Losses may have also been limited…

As a result to the week’s start for USD/CAD, AUD/USD and EUR/USD to trade at crucial high /low inflection points, EUR/USD rose 120 pips , AUD/USD 133, and both GBP/USD and USD/CAD traded 145 pips. Change of tend remains on hold for now.Vital high /low…

Crude oil has stabilized following a four-day correction that was triggered by risk reduction in response to the intense US Treasury sell-off last week. While uncertainties about the direction of US yields and with that its potential impact on risk appetite, the focus in the…

Rising Treasury yields put additional pressure on stocks. ADP Employment Change Report Disappoints The U.S. has just released ADP Employment Change report for February. The report indicated that private businesses hired 117,000 workers compared to analyst consensus of 177,000. Back in January, private businesses added…

Aussie shares climbed after a much faster-than-expected economic growth in the final quarter of 2020 cemented hopes of a stronger recovery this year. The major Asia-Pacific stock indexes were sharply higher on Wednesday as a private survey showed slowing services sector activity in China last…

The major U.S. stock indexes settled lower on Tuesday, pressured by popular technology issues, Apple and Tesla. Losses were softened, however, by a climb in materials stocks as investors waited for the U.S. Congress to approve another stimulus package. Losses may have also been limited…

Last week we pointed out a potential short on Gold and we did in fact get a nice bounce off the upper trend line, the Stochastic Oscillator crossed from overbought, and the Parabolic SAR confirmed it. If we zoom out to the daily chart we…

The stock market declined last week as it was forecasted in my previous SP500 technical and fundamental analysis. Moreover, the index has almost reached our second target at 3770. So, is it time to buy? Fundamental analysis Another steep rise in 10-year Treasury yields is…

Shares in Foot Locker plunged 8.8% Friday after the shoe seller posted mixed quarterly results wherein sales fell short of Wall Street expectations. Here’s how to trade the move. Shares in Foot Locker, Inc. (FL) plunged 8.8% Friday after the shoe seller posted mixed quarterly…

It’s a busy day ahead, with manufacturing sector PMI figures in focus. Disappointing PMIs from China failed to weigh on risk sentiment, with optimism overshadowing weaker headline numbers. Earlier in the Day: It’s was a busy start to the day on the economic calendar this…