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Does This Week Represent The New Normal For Capital Markets?
Article By:
Craig Birk
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Sunday, August 16, 2020 10:45 AM EDT
The S&P 500 flirted with its all-time high from February but failed to push past it. The US registered its first week with new jobless claims under a million since March while retail spending in July passed pre-pandemic levels.
In this article: SPX
China To Begin Major Expansion Of Digital Currency Testing
Article By:
Tyler Durden
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Sunday, August 16, 2020 10:35 AM EDT
China's Commerce Ministry released new details Friday of a pilot program for the country's central bank digital currency (CBDC) to be expanded to several metropolitan areas.
USDCAD Weekly Analysis – Sunday, August 16
Article By:
ForexCycle
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Sunday, August 16, 2020 10:25 AM EDT
USDCAD extended its downside movement from 1.4667 to as low as 1.3191. A further decline is still possible next week and the next target would be at the 1.3000 area.
GBP/USD Forecast Aug. 17-21 – Will UK Inflation, Retail Sales Move Sleepy Pound?
Article By:
Yohay Elam
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Sunday, August 16, 2020 10:09 AM EDT
GBP/USD was almost unchanged for a second straight week. The upcoming week has six events, including inflation and retail sales. Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
The End Of Special Fiscal Stimulus
Article By:
Angry Bear
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Sunday, August 16, 2020 9:56 AM EDT
The latest evidence is that indeed the former V recovery is indeed slowing down, with retail sales up only by 1.2% in July. Many are now suggesting we may see an actual GDP decline into a “wiggly W” pattern.
Bank Of America Trading Platform Sees 180% Q2 Boost As Day-Trading Millennials Flood Markets
Article By:
Tyler Durden
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Sunday, August 16, 2020 9:20 AM EDT
Bank of America has seen a stunning influx of signups on its self-directed trading platform, Merrill Edge. The surge in signups comes at the same time the country has nearly 30 million people unemployed.
In this article: BAC
Gold Loses Territory For The First Time In Nine Weeks
Article By:
Daily Forex
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Sunday, August 16, 2020 8:07 AM EDT
Last week gold futures went down by 3.38 percent breaking a nine-week gaining streak and closing Friday's session at the 1,949.80 level. Conversely, silver futures dropped by 5.27 percent during the week, closing Friday's session at the 26.089 level.
TSLA Takes A Page Out Of The Fed’s Inflation Playbook
Article By:
Geoff Bysshe
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Sunday, August 16, 2020 7:50 AM EDT
Elon Musk has a talent for creating news to inflate the value of Tesla. This week he did it again by following Apple and the Fed’s tactics for inflating asset prices.
Natural Gas Is November’s Winner
Article By:
Simon Lack
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Sunday, August 16, 2020 7:23 AM EDT
Citibank published some interesting research recently, making the case for higher natural gas prices in the months ahead. Oil production in the U.S. has fallen sharply as a result of Covid.
Massive Stimulus Does Not Prevent Eurozone Slowdown
Article By:
Daniel Lacalle
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Sunday, August 16, 2020 6:55 AM EDT
The ECB balance sheet has risen to 53.9% of GDP in July 2020. This compares to a 32% of the Federal Reserve and 33% of the Bank of England. This means a 1.78 trillion euro increase year-to-date.
Dillard's - Meaningful Beat
Article By:
PennyWiser
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Sunday, August 16, 2020 6:03 AM EDT
While the pandemic exacerbated the ballooning problems for department stores, Dillard's had its own challenges due to its aging customer base and lack of innovative products.
In this article: DDS