While the influence of WallStreetBets (WSB) waned and stocks like GME and BB came down yesterday, the stock market as a whole kept on climbing. Investors were bolstered by the…Read More
US stock indices rallied yesterday and have remained high after it was reported that the stimulus talks between President Biden and the Republicans had a positive start. Reuters reports that…Read More
The US President Joe Biden is meeting on Monday with those Republican senators that propose a $600 billion relief package instead of $1900 billion the President has promised to deliver.…Read More
Weakness in US stocks has sent VIX, the fear index higher and Asian stocks lower. This is in line with our reporting (here) that the US fund managers had been…Read More
The FOMC statement and press conference didn’t provide a new boost for the bulls as they didn’t provide signals of new QE to come. The Fed signalled that it is…Read More
The day before yesterday there was some defensive positioning in the US stock indices. Money was flowing into utilities and other sectors that are seen as a safe-haven during the…Read More
There has been some weakness in Asian stocks and US stock index futures reflecting fears that the $1.9 trillion promised by President Biden might be delayed. Hang Seng futures failed…Read More
Crude oil price hit our T1 zone and dragged the CAD lower against the USD even though Canadian retail sales numbers were a big positive surprise at 2.1% (core) and…Read More
We said yesterday that the bids in crude were likely to be weak in yesterday’s trading. This indeed was the case. USOIL traded lower and crude oil futures are currently…Read More
Yesterday it was the USDCAD pair that provided all the action and a great trading opportunity to TIOmarkets traders. We pointed out in yesterday’s Price Action Analysis video how USDCAD…Read More
