Author: Admin
The longer the U.S. government shutdown, the trickier it will get for the Labor Department to publish key reports, even were it to get White House approval to do so.
The USD/JPY pair attracts some buyers to six-day peaks near 151.90 during the early Asian session on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) after dovish Sanae Takaichi was elected as Japan’s Prime Minister. Traders will take more cues from the speeches of Federal Reserve (Fed) officials later on Wednesday, including Alberto Musalem and Michael Barr.Japan’s parliament on Tuesday elected ultraconservative Sanae Takaichi as the country’s first female prime minister. Takaichi vowed to strengthen the nation’s economy and defense capabilities and enhance relations with the US. Her victory came after the ruling Liberal Democratic Party (LDP) allied with the Japan Innovation Party and…
In this photo illustration, Beyond Meat’s Beyond Burgers are shown on February 29, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesBeyond Meat has regained a bit of its meme mojo status, surging 47% on Tuesday.The food company known for its plant-based meat alternatives is having an incredible week, with shares surging more than 127% Monday in its best day ever after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME).It continued that rally Tuesday after Beyond Meat announced a deal with Walmart to expand distribution to more stores across the U.S.It appears the…
We are experiencing unprecedented demand for physical precious metals at BullionStar. Last week, we saw record demand both in terms of sales revenue and number of orders. Despite our recent counter expansion in the Bullion Center, allowing us to serve up to ten customers concurrently, the record demand has resulted in substantial queuing times. Several days last week, we had more than 100 customers in queue, with waiting times reaching up to five hours despite all counters being open. Our philosophy has always been to stock up aggressively across the board at the first sign of physical shortage. This approach…
Forex Stop Hunts Explained What is the best way to trade If there’s one forex trading tip that can truly transform how you see the market, it’s this: The forex market is driven by a constant quest to run stops. That statement may sound bold, but for many experienced traders, it’s one of the most powerful truths about how price action really works. Understanding the role of stop runs or “stop hunting” can give you a clearer perspective on why markets behave the way they do and help you stay on the right side of the trade. The reason…
USD/CAD trades slightly higher on Monday, up 0.10% for the day to around 1.4030 at the time of writing. The pair gains support as the US Dollar (USD) steadies, benefiting from a gradual recovery in risk appetite across global markets due to the US and China easing tensions, while the Canadian Dollar (CAD) remains pressured by falling Oil prices.Investors welcome signs of de-escalation in the US-China trade conflict. US President Donald Trump acknowledged on Friday that imposing 100% tariffs on Chinese imports would not be sustainable, indicating that a reduction is possible if Beijing “does things for us too.” US Treasury…
When the economy shows sign of stress, one of the first things Americans strike from their budgets are frequent takeout dinners and restaurant reservations. It’s one of the best early warning signs of recession.
Highlights include CPI from the US, UK, Japan and Canada, Global Flash PMIs, Japanese PM Vote, and Chinese Activity Weekly Forecast MON: PBoC LPR, CCP 4th Plenum (20th-23rd), Chinese House Prices (Sep), Retail Sales (Sep) & Industrial Output (Sep), German Producer Prices (Sep), US Leading Index (Sep), New Zealand Trade (Sep) TUE-: NBH Policy Announcement, CCP 4th Plenum (20th-23rd), UK PSNB (Sep), Canadian CPI (Sep) WED-: CCP 4th Plenum (20th-23rd); UK CPI (Sep), Japanese Trade Balance (Sep) THU-: CBRT, BOK Policy Announcement, CCP 4th Plenum (20th-23rd), European Council (23rd-24th); US Weekly Claims,Existing Home Sales (Sep), EZ Consumer Confidence…
“We will have $4,300 a month in Social Security.”
EUR/USD dives 0.17% during the North American session on Friday as the Greenback trims its earlier losses as US President Donald Trump tempered his trade rhetoric on China. The pair trades at around 1.1666 after hitting a daily high of 1.1728.Euro retreats from daily highs as risk appetite improves and Fed remarks stay cautiously dovishRisk appetite improved ahead of Wall Street open as US President Donald Trump said that high tariffs on China were not sustainable and most likely increase tensions between the two countries. He added that he plans to meet Xi Jinping at the Asian Pacific reunion in…