House Democrats passed the Build Back Better Act on Friday. It would require withdrawals from big accounts and eliminate „backdoor Roth“ loopholes.
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South Africa’s rate hike leaves uncertainty over the rand and economic growth
The South African Reserve Bank fired the starting gun on monetary policy normalization, but economists do not expect the hiking cycle to be plain sailing.
Bitcoin (BTC) and Ethereum (ETH): A Period of Strong Consolidation is Needed if The Long-Term Trend is to Resume
This week’s sell-off has called into question the multi-month crypto rally. A period of rebuilding can help get the market back on track.
RBNZ Preview: How will the New Zealand Dollar React?
With inflation and employment data much better than the RBNZ expected, risks are geared towards a possible 50bps hike.
Australian Dollar Outlook: US Dollar, Treasuries, RBA, Fed. Is AUD/USD Sidelined?
The Australian Dollar was undermined by US Dollar strength and then a feisty bond market that over-reached. What is going to drive AUD/USD from here?
Central bank watch: Will the Fed stay flexible?
Central bank rundown
Good morning, afternoon and good evening one and all! It’s time for your central bank catch up. So, if you have been out of the loop, or just want a quick refresher, then grab a coffee and let me get you up to speed. We will look at the remaining four major central
Good morning, afternoon and good evening one and all! It’s time for your central bank catch up. So, if you have been out of the loop, or just want a quick refresher, then grab a coffee and let me get you up to speed. We will look at the remaining four major central
Forexlive America FX news wrap: More Fed officials tilt to the hawkish side
Forex new for North American traders on November 19, 2021
Intro Paragraph Text Here.
Yesterday, Feds Williams, Evans and Bostic tilted more to the hawkish side of the ledger. Evans a dove, said that
Intro Paragraph Text Here.
Yesterday, Feds Williams, Evans and Bostic tilted more to the hawkish side of the ledger. Evans a dove, said that
NASDAQ index closes the week at a record. Trades to a record intraday high as well
Dow and S&P close lower
The US major stock indices are closing with mixed results.
Some highlights for the major indices:
Losers today included
The US major stock indices are closing with mixed results.
Some highlights for the major indices:
Losers today included
The major economic releases and events: November 22 to November 26
US GDP, RBN zero rate decision
Of note is that the Pres. Biden has said that he will announce his decision for the Fed chairmanship before Thanksgiving. A time and date is yet to be determined.
Of note is that the Pres. Biden has said that he will announce his decision for the Fed chairmanship before Thanksgiving. A time and date is yet to be determined.
WTI crude oil futures settle at $76.10
Fourth straight week of the declines
The low for the day stalled just ahead of the October 7 low at $74.95. That level ss the next target on further downside momentum to get to and through. A move below that level would next target the 50% retracement of the move up from the August 22 low.
The low for the day stalled just ahead of the October 7 low at $74.95. That level ss the next target on further downside momentum to get to and through. A move below that level would next target the 50% retracement of the move up from the August 22 low.