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Wall Street Might Open Negative

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Early cues from the U.S. Futures Index suggest that Wall Street might open lower on Tuesday.Asian shares finished mixed, while European shares are trading mostly

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Disinformation, Sgt. Schultz, and Central Banking

Disinformation, Sgt. Schultz, and Central Banking
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Biden announces new plan to ease housing shortage, lower costs

Faced with a shortage of homes that has driven up prices and rents, President Joe Biden's White House on Monday unveiled a plan to improve housing supply and affordability.

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Wall Street Targets Positive Open

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Quarterly earnings results might be the driving factor on Tuesday. Facebook, Logitech (LOGI), and Universal Health (UHS) are releasing their quarterly results

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Increase In Core Inflation Won't Be Transitory


Increase In Core Inflation Won't Be Transitory
Bad Timing
For decades the Federal Reserve anticipated inflation whenever the Unemployment Rate fell to a low level. In 9 of the last 10 recessions since 1954 the Fed hiked the federal funds rate over a period of time until they went too far. The Unemployment Rate subsequently jumped as the economy entered a recession causing the Fed to slash the federal funds rate. This pattern is consistent especially with benefit of hindsight. The one exception was in 1990 when Saddam Hussein invaded Kuwait causing oil prices to spike and a brief war.
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USD/JPY Weekly forecast: A long expected party


1/29/2021 4:18:41 PM GMT
USD/JPY breaks out of seven-month descending channel.
Trading at 2021 high, returns to the level of early November.
USD/JPY moves through the 21-day and 100-day moving averages.
Fibonacci 50% line next important resistance above market.
FXStreet Forecast poll predicts a resumption of the downtrend
The USD/JPY moved sharply higher this week breaking the upper border of the descending channel that has contained trading for seven months. Aided by better than expected US Durable Goods data on Wednesday and the improving pandemic case and hospital rates the upper border of the channel at 104.00 presented little difficulty. The USD/JPY closed at 104.18 on Wednesday, consolidated on Thursday and resumed the its strong rise on Friday, ending the week at 104.70, its best finish since November 12.

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Feeling The Heat In The Frigid Winter


Feeling The Heat In The Frigid Winter
By Shmuel Shayowitz | January 28, 2021
As winter-break comes to an end for local yeshivas, many are returning from their travels in a very unusual Covid-19 vacation season. Some parents have expressed fury against the schools for maintaining such a long break, necessitating the need for many families to go away. For those that did leave, the timing couldn’t be better as temperatures plummeted to frigid levels. Shout-out to all those backyard minyanim that maintained their davening schedules despite the dropping temperatures. Apparently, no one has told the housing market that it’s winter season, as they continue their record-setting home prices, as if it were the peak of summer.

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