Marion
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Approaching an important target
Cycles: Looking ahead! 90-yr cycle – last low: 1932. Next low: 2022 7-yr cycle – last low: 2016. Next low: 2023 Short-term low: 1/18 Market Analysis (Charts courtesy of QCharts SPX-IWM weekly charts For the first time since early September – the date when it issued its last warning of an important t
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GBP/USD faces rejection at 1.37 amid Brexit, covid concerns
GBP/USD recedes from fresh 32-month high amid US dollar’s corrective pullback. Cracks in Brexit deal, fears of third national lockdown probe cable buyers. Oxford begins AstraZeneca vaccinations, government emergency meeting eyed. US-China tussle, Brexit and second readings of December’s activity num
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Taiwan Manufacturing PMI Surges In December - Markit
The manufacturing sector in Taiwan continued to expand in December, and at a faster rate, the latest survey from market Economics revealed on Monday with a decade-high manufacturing PMI score of 59.4. That's up from 56.9 in November, and it moves further above the boom-or-bust line of 50 that separa
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Democrats are In the Lead in Both Georgia Senate Races
Assuming you believe the polls, Democrats are in the lead in both Georgia Senate races. Georgia Senate Runoff Contestants Republican U.S. Senators Kelly Loeffler and David Perdue face Democratic challengers Raphael Warnock and Jon Ossoff in Georgia runoff elections. Spotlight on the Polls Many peopl
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McConnell urges Senate to override Trump defense veto, vague on stimulus checks
WASHINGTON (Reuters) -U.S. Senate Majority Leader Mitch McConnell on Tuesday urged the Senate to override President Donald Trump’s veto of a $740 billion defense policy bill, saying the funding plan for the U.S. military could not be allowed to fail. The Senate convened on Tuesday for a rare year-en
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China state assets regulator sees progress in crackdown on 'zombie' firms
Dec 29 (Reuters) - China has turned around more than 2,000 loss-making “zombie” and heavily indebted companies in its campaign against poorly performing enterprises, the deputy head of the country’s state assets regulator said on Tuesday. China in 2016 set a goal of eliminating thousands of unprofit
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USD/JPY trades with modest losses, just below mid-103.00s
USD/JPY struggled to preserve modest Asian session gains amid sustained USD selling bias. The prevalent upbeat market mood undermined the safe-haven JPY and helped limit losses. The USD/JPY pair retreated nearly 25 pips from the Asian session swing highs and refreshed daily lows, around the 103.40 r
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EUR/USD: The 1.2518/98 area remains a tough barrier – Credit Suisse
The euro has outperformed during 2020 but economists at Credit Suisse see more limited upside potential during 2021, as much as anything due to overcrowded positioning. The 1.2518/98 area is expected to cap the EUR/USD pair. Key quotes “We maintain our long-held bias for a higher EUR/USD following t
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U.S. dollar falls as Brexit trade deal in sight; sterling jumps
NEW YORK (Reuters) - The dollar struggled on Wednesday, after gaining for three straight sessions, as risk appetite grew on expectation of an imminent post-Brexit trade deal between the UK and the European Union. Sterling and the euro took off against the greenback after the Brexit headlines, as did
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Irish PM Martin: Gap is still wide on fish
Irish Prime Minister Micheál Martin said on Wednesday that the UK's wish for annual negotiations on fisheries with the EU would lead to instability and reiterated that the gap on that issue is still wide, as reported by Reuters. Additional takeaways "The EU put a 25% reduction of catch on the table,
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A Year of Low Gas Prices: The Consumer Response in 15 Metro Areas
July 2016 In our recent report, The Consumer Response to a Year of Low Gas Prices, we quantified the impact of lower gas prices in 2015 on consumer spending across the nation. We observed that the drop in gas spending as a fraction of income varied geographically – with the largest drops in gas spen
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NZDUSD Plummets From 32-Month High, Bullish Outlook Intacts
NZDUSD has come under renewed selling pressure, falling below the 20-day simple moving average (SMA) and remaining well below the 32-month high of 0.7160. Despite the latest pullback though, the pair has been in a long-term ascending tendency since March 19. The RSI is plunging from the overbought t
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UK considers locking down more of England to curb virus [Video]
- Summary of market sentiment and headlines in play at the European open (00:00). - UK PM Johnson considers locking down more of England (5:00). - Update on the latest COVID situation and the new strain of virus (7:42). - Trump signals he might not sign COVID-19 relief package (10:04). - Brexit deal
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Pull-up Update
