Pres. Biden: New Delta wave of Covid 19 will be very different to deal w/ given vaccinations Pres. Biden speaking - Jobs data proves that his approach to the economy is working - Says his comments are not one of celebration. There is still more hard work to be done
NY Fed Nowcast moves to 3.7% from 4.2% last week ADP payroll and ISM trump the US job gains. The NY Fed Nowcast estimate for 3Q grown slowed to 3.7% from 4.2% last week. How can that be given the strong US jobs report?
U.S. Government Bond Yields Rise After Jobs Report Treasury yields rose Friday after Labor Department data showed the unemployment rate declined to its lowest level since the pandemic took hold.
Jobs Report Risks Different Kind of Taper Tantrum Sen. Joe Manchin criticized the Fed’s easy-money policies before the strong jobs report came out Friday.
USDCAD retest its 200 day moving average. 200 day moving average has held resistance since July 21. The USDCAD has moved up to test its 200 day moving average at 1.25823 area (upper green line in the chart below).
Virgin Galactic Space Flight Tickets to Start at $450,000 a Seat The company previously sold tickets for space-tourism flights at up to $250,000 each.
Non-Farm Payrolls (NFP), Ethereum Fork (ETH) ＆amp; Robinhood (HOOD) – FinTwit Trends to Watch Fintwit this week - DXY pops after positive NFP and unemployment data, Ethereum (ETH) rallies while Robinhood fades.
Trump's New Florida Gig Requires Suspension of Disbelief The former president makes way for a new star at Disney World’s Hall of Presidents but gets his own makeover.
Andrew Cuomo and Politics Without Romance Whether New York Governor Andrew Cuomo is guilty as charged, the statement he made in his defense illustrates what public choice theory has taught economists: as James Buchanan wrote, we must study “politics without romance.”
USDCHF moves closer to its 100 day moving average Trades above the 50% retracement without much of a stall The 50% at 0.91248 and a swing area between 0.9128 and 0.9132 was the next targets. The 50% stall the rise for a moment before breaking to the upside in the current hourly bar.
USD continues its run to the upside Widening it's lead among the majors. EURUSD: The EURUSD is trading to a new low at 1.1765. The next targets come in at the July 26 low at 1.17626. Below that and traders will start to look toward the swing lows from July 20 to July 23 between 1.17512 and 1.17566. A move below those levels will have traders looking
Goldman Sachs raises chance for a formal taper announcement in November Strong job gains lead to taper ideas been push forward Newsquawk points out that analysts at Capital Economics has raised the possibility that chair Powell may use Jackson Hole speech from August 26 – 28th as an opportunity to hint more strongly about tapering.
This Is the Job Market We’ve Been Waiting For The new monthly numbers show job growth not seen in recoveries from the previous three recessions.These types of signs were prevalent in Knoxville, Iowa, and much of the country, last month.
Cathie Wood Emerges as Guiding Light for Meme-Stock Generation The fund manager’s enthusiasm for Tesla, bitcoin and other volatile investments has boosted ARK’s exchange-traded funds, but this year has been a challenge. Ms.
Canada Ivey PMI (SA) for July 56.4 versus estimate of 67.3 Ivey PMI for July 2021 - July PMI seasonally adjusted 56.4 versus 67.3 estimate - employment index 62.1 versus 69.6 last month - inventory index 60.4 versus 65.4 last month
Active Stock Traders, Beware: Your Returns May Suffer in the Years Before a Divorce Things get better, however, around the time the divorce settlement is made final, a study finds.
Gold Price Remains Susceptible to Death Cross Formation Following NFP The technical outlook casts a bearish forecast for the price of gold as a ‘death cross’ formation looks poised to take shape over the coming days.
US wholesale inventories +1.1% versus 0.8% estimate US wholesale sales/ for June for the full report CLICK HERE
The Tokyo Games Prove That the Olympics Are Less Relevant Than Ever The Olympics keep getting smaller as they move further from their original ideal and become ever more commercial.
Gold is running to the downside Higher yields, higher dollar contributing to golds fall The price of gold is tumbling lower on the back of higher yields/higher dollar. The price is currently down around $-39.23 or -2.17% at $1765.35.
US stocks opened mixed. S＆P trades at record high Dow leads the way. Nasdaq lags The Dow and the S&P 500 both have reached new intraday highs in the first few minutes of trading. The NASDAQ lags after the try than expected jobs gain as traders concerned about a faster taper/tightening cycle for the Fed.