Tag - china

USD is heading for the best week in three
USD is heading for the best week in three

The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.

Time to sell Alibaba
Time to sell Alibaba

Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.

Key market news and trade ideas on March 25
Key market news and trade ideas on March 25

Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher. 

USD strengthens, S&P 500 takes a break on Friday
USD strengthens, S&P 500 takes a break on Friday

Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.

Biden’s presidency will boost Tesla
Biden’s presidency will boost Tesla

Good news for Tesla! The tech giant is going to benefit from Biden’s presidency as the new president stated the objective to make the USA the leader in electric vehicle production.

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