Page 4 - High Moving Average News Today

MacroBusiness Access Subscriber Only Content at 9:30 am on April 19, 2021 | 3 comments The last two weeks have seen new historic highs across equity markets with bullish economic news helping lift risk spirits across the complex. Friday night saw another positive day for Wall Street while the USD was largely unchanged as  Treasury yields lifted slightly to be back above the 1.7% level as commodity prices were mixed. This trading week should start firmly with the ASX200 pushing to new highs as ...

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: President Biden’s new big infrastructure plan didn’t shake up markets as expected with Wall Street absorbing the proposed tax increases while the USD finally gave up some ground against the major currencies after being super strong all week. Treasury yields fell back slightly again but still remain above the 1.7% level as commodity prices were mixed with oil continuing to fall as the OPEC meeting ra...

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Risk sentiment faded on Friday night across both sides of the Atlantic as European measures to contain COVID ramped up, putting pressure on their respective economies, while the lack of any measures in the US is sending the death toll higher and higher, as Congress does 2/5ths of SFA to engage meaningful stimulus. Wall Street is wavering in confidence, while commodity traders can only see the moon along...