Trump to announce 10% tariff on some Canadian aluminum
6 Aug 2020
New tariffs on Canadian aluminum
This was rumored on Friday.
Everyone thought we were past this post-NAFTA but here we are as tariff man strikes again. The White House will likely point to trans-shipping.
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This was rumored on Friday.
Everyone thought we were past this post-NAFTA but here we are as tariff man strikes again. The White House will likely point to trans-shipping.
WTI crude breaks the July high then closes below it for the second day
6 Aug 2020
Oil tries and fails on a break again
WTI Crude oil finished the day down 24-cents to $41.95.
It rose as high as $42.87 to break the July high of $42.40 for the second day but once again it couldn't hang onto the level.
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WTI Crude oil finished the day down 24-cents to $41.95.
It rose as high as $42.87 to break the July high of $42.40 for the second day but once again it couldn't hang onto the level.
Non-farm payrolls preview: Half the expected jobs gain in July are because of a quirk in seasonal adjustments
6 Aug 2020
Teaching jobs are a big quirk
The consensus for Friday's non-farm payrolls report is for 1.5 million jobs gains in the month but that doesn't tell the real story.
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The consensus for Friday's non-farm payrolls report is for 1.5 million jobs gains in the month but that doesn't tell the real story.
Up to 250,000 people are expected to descend on a small town in South Dakota. Oh no....
6 Aug 2020
The largest motorcycle convention in Sturgis South Dakota is to start on Friday
The roar along the highway heading north toward South Dakota are motorcycles that will transcend on the small town of Sturgis, South Dakota (pop. 7000). It is estimated that they could see crowds of 250,000 people for the 10 day rally which will begin on Friday. If the numbers
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The roar along the highway heading north toward South Dakota are motorcycles that will transcend on the small town of Sturgis, South Dakota (pop. 7000). It is estimated that they could see crowds of 250,000 people for the 10 day rally which will begin on Friday. If the numbers
North Carolina cases rise by 1935. Deaths reach the highest single day increase
6 Aug 2020
New high for deaths recorded in North Carolina
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NZDUSD enters a swing area
6 Aug 2020
Lots of ups and downs in the pair but buyers are testing a key target area
The NZDUSD has seen a lot of ups and downs going back to July 21. Most of the price action has been between 0.66134 and 0.66925. Yes there has been extensions higher and there been extensions lower, but the value (or where
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The NZDUSD has seen a lot of ups and downs going back to July 21. Most of the price action has been between 0.66134 and 0.66925. Yes there has been extensions higher and there been extensions lower, but the value (or where
Ohio governor DeWine tests positive for COVID-19
6 Aug 2020
Ohio leader catches the coronavirus
Two days ago DeWine have a briefing to reporters on the virus. A week ago, the state set a one-day record for cases at 1733.
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Two days ago DeWine have a briefing to reporters on the virus. A week ago, the state set a one-day record for cases at 1733.
US dollar dips after Trump talks about payroll tax cut order
6 Aug 2020
Trump says executive order coming on a payroll tax cut and eviction protections
Trump can delay the collection or payroll taxes and he can ban evictions for a time, but eventually those payments will come due. The idea may be that the end of the deferral will put pressure on Congress to waive it but it
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Trump can delay the collection or payroll taxes and he can ban evictions for a time, but eventually those payments will come due. The idea may be that the end of the deferral will put pressure on Congress to waive it but it
EURUSD moves to new NY session high as London traders head for the exits
6 Aug 2020
Pair is back higher on the day
As London/European traders had for the exits, the EURUSD is trading to new NY/London session highs.
In addition, the pair is now trading higher on the day. It is currently trading at 1.1886, that's up around 24 pips on the day. The pair traded as low as 1.18173. At the low, the pair could not
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As London/European traders had for the exits, the EURUSD is trading to new NY/London session highs.
In addition, the pair is now trading higher on the day. It is currently trading at 1.1886, that's up around 24 pips on the day. The pair traded as low as 1.18173. At the low, the pair could not