So soon? Yes, it looks like the stock market has created a foundation for the next bull market leg. “Correction” is the right label, but “entering a correction phase” is not. The U.S. stock market’s unusually fast drop looks to have done the job of curing latent worries and setting the stage for a bull market continuation. The U.S. stock market’s sharp drop appears to be over. Growth fundamentals are intact, the too-steady/too-high ...
The US Dollar Index (DXY) appeared to be on a one-way course as it continued to aggressively fall through most of 2017 and the start of 2018. However, on January 25, after tapping 88.43, we have seen a bounce that has aligned with the global risk-off move. Now, the DXY is looking to rise for the second straight week,and a few key technical tests await the US Dollar Index at 91, the 38.2% retracement level of the October-January range followed ...
The first meeting of the G20's Digital Economy Task Force is being held in Buenos Aires on February 8 and 9. German and French finance ministers and central bank governors have sought joint action by the G20 group of advanced and developing countries to tackle the risks posed by cryptocurrencies, reports said Friday. In a letter to the finance minister of Argentina, which holds the G20 presidency now, they have asked the matter to be placed ...
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