The U.S. has experienced a soaring rate of coronavirus infections in recent weeks with the number of new cases surpassing 140,000 on Wednesday, an all-time high. Earlier this week, the number of Americans in hospital with Covid-19 topped 60,000 for the…
The chart pattern on the ES fuctures over the past two days is unintelligble gibberish. The November uptrend is broken, but a downtrend hasn’t been established. Instead the past two days have seen a messy, tight trending range of mini-cycles lasting less than a day. Great for trading 1 minute bars and not much more.
But here’s the thing.
It’s still bullish. Take a look and see why.
Last week, the United States formally left the Paris Climate Agreement, becoming the first country to ever leave an international pact on climate change. U.S. President-elect Joe Biden has vowed to reverse several of Donald Trump’s policies and he has …
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Reported direct from the bowels of the NY Fed
Europe’s problems are more immediate. Encouraging news about Pfizer’s vaccine won’t change the European circumstances in near enough time to avoid what’s more and more looking like a real possibility for a retrenchment. In this case, COVID cases are a primary culprit, meaning how authorities over there are responding to their rise. As such, it […]
In such a highly polarized, politicized environment, is such a scrupulously objective study even possible?
Over the course of the Trump presidency, fewer Americans have been viewing North Korea’s nuclear program as a critical threat to the United States. This is according to two surveys by the Chicago Council on Global Affairs that polled more than 2,000 U….
While reporting its latest traffic volume figures today, Heathrow airport accused the UK government of “leaving the UK’s world class aviation sector out in the cold”. Heathrow CEO, John Holland-Kaye, said: “Aviation is the lifeblood of the UK’s economy…
Employment figures published by Eurostat today reveal the extent to which the coronavirus pandemic has affected the jobs across the continent as of October. As this infographic shows, Estonia is one of the hardest hit countries in this regard – recordi…