US Economy Articles

US stock markets are rallying as election results show Democratic challenger Joe Biden has a clear edge over incumbent president Donald Trump. Former vice president Joe Biden is only a six vote away from victory while Donald Trump has secured 214 electoral votes.

Possible 5-3-5 zigzag pattern forming on Nasdaq for at least one more leg up to C. This has been labelled as an ABC because it’s the bare minimum for an impulse 12345 also being wave 3. Nasdaq – We must get the 3rd wave or C wave regardless of labelling…

Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate.   This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data…

Friday’s economic data showcased US inflation back on track at 1.3% YoY, but slightly weaker on the month at 0.4%.  (Previous month 0.6%). For the USD/CAD, we could see a short term drop to 1.31500 before the next rise as the Canadian dollar looks to shadow the Oil drop. Key…

This article will briefly look at financial indicators that illustrate the current and forward looking view of the U.S. economy. Expected Inflation Levels  Image Source Credit: Scott Grannis Expected inflation levels can be calculated by taking the difference between Treasuries (Red Line) and Treasury Inflation protected securities (Blue Line) ,…

Asian stocks were under pressure as the sell off in US equity counterparts continued for a second day. The dollar has moved higher for the third-day in a row, temporary or the start of a new trend? US data comes in mixed but slightly more optimistic.

The ASX Index takes a hit as Australia and China tensions brew, could this worsen ? USD stages a rebound , with the survival of the rally in question. Could EUR/USD be setting the stage to reach 1.25. US and European equity futures rise again, with treasuries slipping.

Asian stocks fall as US-China tensions rapidly built. Disappointing US data yesterday has added negatively risk sentiment. UK retail sales and PMI came in much better versus estimates

Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single…

Essential Insights Asian equity markets were mixed as covid-19 cases in the US spiked Miami Mayor suggested a stay at home order could be initiated if the situation worsens US President Trump announced a legislation to hold China accountable for actions in Hong Kong surrounding the new security law Disagreements…

Essential Insights Asian equity bourses posted gains following upbeat performances from Wall street equities The Moderna vaccine has been shown to produce antibodies in an initial study for testing subjects. Sparking fresh optimism and encouraging the risk on mood. US President Trump has signed a legislation to hold China accountable…

Essential Market Insights U.S. stock futures fluctuated amid concern that a rising number of coronavirus cases will hinder global economic recovery attempts Florida, Texas and California post record death figures  China’s Foreign Ministry says China will impose reciprocal measures if the US insists on moving forward with sanctions on Chinese…

UK June GfK consumer confidence was slightly better than expected (‐27 vs. ‐29). The rebound in confidence has been limited so far, relative to other activity and sentiment data  Dollar slightly firmer after positive NFP data but lacks real conviction US covid-19 cases reach 56.k (another new record) in just a single day

GBP/USD maintains upwards momentum and moves higher. Market participants shift focus to US employment data Global stocks edge higher on the back end of vaccine hopes and economic recovery.

15 Minute Timeframe – EUR/USD 02/07/2020 7:30 AM Technical As illustrated above, EUR/USD has broken out of a descending trendline with prices currently displaying signs of breaking above a pendant (continuation structure). A break out above the continuation pendant structure is likely to see further upside. It is worth noting…