Despite rising concerns that U.S. assets may lose their edge to international markets, Morgan Stanley sees the recent sharp decline in the dollar as a […]
Extend-and-Pretend. US tax bill goal date was Memorial Day, now Bessent hopes for July 4
The original US tax bill goal date was Memorial Day. US Treas Sec Bessent now says he hopes for July 4. Bessent met with ‘Big […]
US stocks close mixed/little changed
The major US stock indices are closing mixed/little changed in up-and-down trading today. A late day rally took the price back into positive territory for […]
US Q2 Treasury borrowing estimate soars to $514 billion
Sees $514 billion in Q2 borrowingPreviously saw $123 billionAssumes end-of-quarter balance of $850 billion The Treasury says ” The borrowing estimate is $391 billion higher […]
There is one Canadian election outcome that could hurt the loonie
Canadians are voting today in an election that’s been dominated by antagonism and threats of annexation from the President of the United States. In general, […]
USDJPY falls to new lows. Tests 200 hour MA.
The USDJPY has broken below the 100-hour moving average and has now extended down to test the next key target — the 200-hour moving average, […]
Nasdaq trades to new lows. Sellers making a play after failing to reach the next target.
The Nasdaq index is trading at new session lows, down around 200 points or -1.14% at 17,183.96. Earlier in the day, the index reached a […]
EURUSD moves above the 100 hour MA and runs higher.
The EURUSD pushed above the 100-hour moving average at 1.1370, a level that had previously stalled rallies twice earlier in the day. After breaking higher, […]
Induced atmospheric vibration was the cause of the Spanish power outage
The Portuguese grid operator — REN — is out with a diagnosis of what happened with the huge power outage today: Due to extreme temperature […]
USDCAD tests 100/200 hour MA downside target and finds buyers on the first look
The USDCAD is trading within a narrow 43-pip range today, well below the 113-pip average over the past month. The session low was set early […]