Elinor
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US stocks slump on the rising coronavirus cases
US stocks fell sharply yesterday as investors remained fixated on the rising number of coronavirus cases in the United States. The Dow Jones declined by more than 600 points while the S&P 500 and Nasdaq 100 declined by more than 2%. The number of new cases in the United States has continued to r
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With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal
It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny. Photo: Cointelegraph Despite many objections to the truncated timeframe, public comments are due tonight in response to the U.S. Treasury's proposal to require businesses like crypto exchang
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CHF/JPY Price Analysis: Bulls look ahead to weekly structural target
CHF/JPY moving in accordance to longer-term market structure. Bulls testing the 117 area with sights on weekly target, 118.25. In accordance with yesterday's price analysis, Bulls looking for break of 117 level, the subsequent price action reflects the forecast and has indeed been on course for the
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U.S. construction spending races to record high in November
WASHINGTON (Reuters) - U.S. construction spending rose to a record high in November, boosted by a robust housing market amid historically low mortgage rates, which could help blunt some of the hit on the economy from raging COVID-19 infections. The Commerce Department said on Monday that constructio
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Back to the chopping block for the dollar
Book squaring on 12/31 stopped the dollar selling… But that only lasted one day… Gold is up $35 this morning! Good day… And a Marvelous Monday to you! The first Monday of 2021… Today, would have been my Dad’s birthday, so I’m thinking of you today, Dad… Well, did you have a fun and safe celebration
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FINRA Slaps $6.5 Million Fine on LPL Financials
Photo: Reuters The Financial Industry Regulatory Authority (FINRA) imposed a $6.5 million fine on LPL Financials, one of the largest independent broker-dealers in the US. The financial services company failed to establish a supervisory system necessary for record retention and violated NASD Rule 301
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World stock markets kick off 2021 at record highs
LONDON (Reuters) - World stock markets hit record highs on Monday, the first trading day of the new year, as investors hoped the rollout of vaccines would ultimately lift a global economy decimated by the COVID-19 pandemic. The Chinese yuan surged nearly 1% against the dollar, while the greenback pl
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NZD/USD climbs to 0.7225 area, inching back closer to multi-year tops
NZD/USD caught fresh bids on the first day of 2021 amid sustained USD selling bias. The risk-on environment was seen as a key factor weighing on the safe-haven USD. Bulls seemed rather unaffected by Monday’s release of Chinese Manufacturing PMI. The NZD/USD pair edged higher through the early Europe
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Stocks higher on vaccine progress, oil steady
US equities higher on expectations of further stimulus US stocks are aiming for fresh record highs as stimulus payments arrive at American bank accounts and after the UK signed off on the COVID vaccine from AstraZeneca and the University of Oxford. Risk appetite remains unfazed to the current dark p
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How the Race to Zero Fees Changed Retail Trading Industry
Photo: FM Seven years after Robinhood launched with no-fee trading, almost all major brokerages have caught up with a wave of fee-eliminating announcements over the past year. More than a year after the change took place, it is worth to take a look on how the race to the bottom represented a major t
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The dollar ends the year on a sour note...
Currencies & metals have a good week McConnell plays the part of the soup Nazi... Good Day… And a Tub Thumpin’ Thursday to you! It’s New Year’s Eve! Well, I’m here in my winter home once again… I left rainy, chilly St. Louis yesterday morning, and arrived here a few hours later, and it was partl
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Calendar Alert - Don't Miss These Important Announcements!
The long weekend is here, but don't forget about these important events scheduled next week you should watch out for: Monday (Jan 4, 2021) Australia Commonwealth Bank Manufacturing Purchasing Managers’ Index (PMI) Japan Markit Manufacturing PMI China Caixin Manufacturing PMI Reserve Bank of Australi
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REVIEW - Grand Capital CFD Broker
Photo: Google Image Overview Grand Capital Forex brokers is an innovative broker that is also experiencing significant growth over the years. The broker is an international provider of online trading services. The brokerage has been able to serve its clients since 2006 with the best and differentiat
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Lebanon can stretch reserves for six more months of subsidies, PM says
BEIRUT (Reuters) -Lebanon can ration $2 billion in reserves left for subsidies to last six more months, the caretaker prime minister said on Tuesday, as the country’s financial meltdown raises fears of rising hunger. Lebanon’s worst crisis since its 1975-1990 civil war has crashed the currency and s
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EUR/JPY Two Scenarios Likely
The common European currency declined by 39 pips or 0.31% against the Japanese Yen on Tuesday. The currency pair tested the 126.80 level during yesterday’s trading session. Currently, the exchange rate is trading near the lower line of an ascending channel pattern and could be set for a breakout. If
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Pull-up Update
