Business Finance News USA Edition

2021-03-09 09:32:48 ​​A Strong Dollar and Selling Pressure Take Gold Lower

It was a combination of U.S. dollar strength and market participants bidding the precious yellow metal lower that resulted in today’s substantial decline. Open / Comment

2021-03-08 16:07:37 ​​Daily Gold News: Monday, Mar. 8 – Gold Below $1,700 Price Level

Gold is 0.8% lower this morning, as it is trading below $1,700 price level again. Open / Comment

2021-03-08 16:04:27 ​​Has Tesla Bottomed Out?

A worldwide chip shortage has forced Tesla and other automakers to scale back production, impacting 1st quarter revenue. Open / Comment

2021-03-08 11:59:18 ​​SP500 Forecast: Are Cyclical Stocks the Next Best Asset?

Money continues to rotate in the stock market as we continue to see a scaling back and downsizing of big cap tech/growth positions and a push into the more beaten up sectors like travel, leisure, and cyclical stocks. Remember, cyclical stocks and their companies tend to have a direct relationship to the economy. Open / Comment

2021-03-08 09:14:41 ​​Crypto Coin Outperforming Bitcoin Is About to See Supply Reduced

Ethereum blockchain developers approved one of the biggest changes to the network since its inception in 2015, a shift that could spur even bigger gains in the price of its native cryptocurrency Ether. Open / Comment

2021-03-08 09:12:34 ​​Stocks Drop as Tech Falls; Treasuries Slip, Oil Up: Markets Wrap

Asian stocks fell Monday with U.S. equity futures as higher Treasury yields tempered optimism over President Joe Biden’s $1.9 trillion pandemic relief plan and the growth outlook. Crude oil jumped. Open / Comment

2021-03-07 17:43:17 ​​Gold – 1600s Brushed!

Now really apropos is our anticipatory piece from two weeks ago (“Gold’s Near-Term Brush with the 1600s”) as ’tis become reality. Gold settled out the week yesterday (Friday) at 1698 (almost kissing where ’twas a year ago in the above chart) and has now traded in tow to as low as 1683. Open / Comment

2021-03-07 17:39:57 ​​FX Weekly March 7

Commentary last week reported currency pairs EUR/USD 1.2061, AUD/USD 0.7657 and USD/CAD 1.2783 were located in crucial positions to determine much lower on a break or hold and travel higher. EUR/USD broke and traded 169 pips lower to 1.1892. Open / Comment

2021-03-07 10:58:18 ​​Weekly Technical Market Insight: 8th – 12th March 2021

The US dollar continued to flex its financial muscle last week, adding 1.2 percent into the close and consequently shining light on EUR/USD daily support at 1.1887 this week… Open / Comment

2021-03-06 10:59:46 ​​Elon Musk, The Tesla Inc. chief executive officer lost $27 billion since Monday as shares of the automaker tumbled in the selloff of tech stocks.

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