An Uncomfortable Proposition for Gig Economy Investors For gig economy investors, last year’s passage of Proposition 22 might have been too good to be true now that a California judge has called it unenforceable and unconstitutional.
Voluntary Peaceful Activity is So Often Better than Government A network of “hundreds of thousands” of people, including analysts, are using satellite imagery and other tools to help Afghan interpreters who worked for U.S.
ICYMI - Germany's central bank is wary of further virus strains on economy in the near term This from the European session on remarks out of the Bundesbank. Justin posted the main points: Here is the link for a little more. ---- On that second point:
Apple and Google’s Fight in Seoul Tests Biden in Washington A proposal in the South Korean legislature is an early test of how forcefully the Biden administration will defend the companies abroad while trying to trim their power at home.The South Korean National Assembly in Seoul.
China's rulers have a new catch-phrase: cross-cyclical economic policy strategy Senior officials of the ruling Chinese Communist Party have been bandying about a new catchphrase to guide economic policy: a cross-cyclical approach. While they haven't bothered explaining what that means here's an outline (in brief).
Trade ideas thread - Tuesday 24 August 2021 Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Morgan Stanley on AUD/NZD, still targeting higher Morgan Stanley on the Australian and New Zealand dollars. --- For the t/a folks the weekly AUD/NZD chart doesn't look too constructive - a potential support zone around here though? (comments welcome)
Economic calendar due from Asia today - a light one 2145 GMT New Zealand Retail sales excl. inflation for Q2 lockdown has been extended
ForexLive Americas FX news wrap: Risk trades jump, dollar sinks as virus sentiment improves Forex news for North American trade on August 23, 2021: Markets: - Gold up $23 to $1804 - US 10-year yields down 0.7 bps to 1.253% - WTI crude oil up $3.29 to $65.44
Solid gains for stocks as investors cheer FDA approval of Pfizer Covid vaccination S&P and NASDAQ close at record levels The gains were help by the FDA's full approval of the Pfizer Covid vaccination. The hope is that those who have remained unvaccinated will be encouraged to get vaccinated now, and also that businesses and local governments, etc. will start to force workers to get the approved Pfizer vaccination.
Fortschritt Germany has decided to stop using the coronavirus infection rate as its yardstick for deciding if restrictions should be in force to contain the spread of the virus, Chancellor Angela Merkel said on Monday.
AUD/USD bounces after five-days of declines but covid risks remain high Cases in New South Wales out of control The odds of Australia returning to a covid-free state any time has fallen to nearly nil. Daily cases in New South Wales are in excess of 800 and the public is growing restless with lockdowns.
Anthony M. Scotto, Former Union Power on the Docks, Dies at 87 He rose to leadership in the longshoremen’s union as a polished reformer, but the U.S. called him a Mafia boss, and he served prison time in a racketeering case.Anthony M.
USD/JPY Rate Struggles to Clear 50-Day SMA Ahead of Fed Symposium USD/JPY appears to be stuck in a narrow range ahead of the Fed Economic Symposium as it struggles to push back above the 50-Day SMA (110.16).
USDCAD's weird up and down symmetrical move Move down mimics the move up from last Thursday The USDCAD got within about 4 pips of the 200 hour MA at 1.2637. The low price reached 1.26418. What is somewhat unusual is that the move down today is very close to the move higher last Thursday.
WTI crude oil futures settle at $65.64 Up $3.50 or 5.63% % The gain today snapped the seven day losing streak. That move saw the price move down from a high of $69.60 on August 12, to a low on Friday of $61.72.
Pemex says 421K bpd of oil production cut due to offshore platform Mexican state oil company says fire happened during maintenance work The bad news keeps on coming for Pemex. The company was in the news last month due to an underwater pipeline rupture and fire.
Dollar moves to new lows for the day Dollar moves to new lows vs the EUR, GBP, CHF, CAD, AUD and NZD The USD is now the weakest of the major currencies followed by the JPY. The strongest currency remains the CAD followed by the other commodity sees including the AUD and NZD.
Bank of America follows Goldman Sachs in slashing Q3 US GDP estimate Bank of American lowers third quarter estimate Earlier this month, Goldman Sachs its Q3 GDP forecast to 5.5% from 9.0% on delta slowing the recovery. Now Bank of America is doing the same.
Mayim Bialik to Fill In as 'Jeopardy!' Guest Host She will replace Mike Richards, who stepped down as host of the game show amid furor over sexist and offensive comments he made on a podcast several years ago.Mayim Bialik host this week’s tapings of “Jeopardy!” in Culver City, Calif., 15 episodes in all.