bearish
Break above $1818 to confirm bearish exhaustion
Gold (XAU/USD) attempted a tepid recovery from near four-month troughs on Wednesday but faced rejection at higher levels and finished the day almost unchanged around $1807. The yellow metal treads water on Thanksgiving Day-quiet trading as Wednesday’s doji candle calls for indecision while $1800 holds, FXStreet’s Dhwani Mehta briefs. See: Key quotes “A lack of …
Health officials bearish on Trump’s drive to reopen economy by May
Fauci appeared less optimistic mere minutes later, telling reporters that while “we are starting to see the leveling off and the coming down” of coronvirus-related metrics, Americans must keep up their social-distancing practices. “This is not the time to feel that since we have made such [an] important advance in the sense of success of …
Health officials bearish on administration effort to open economy by May
But his most recent comments Friday represent a more conspicuous break with other senior administration officials who have been increasingly outspoken regarding their desire to reopen the U.S. economy as it tumbles further into recession and notches historic unemployment numbers. White House economic adviser Larry Kudlow told POLITICO Tuesday it was possible to restart the …
Stock-market investors haven’t been this bearish since the 2008 financial crisis, says Bank of America
The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch. The survey of 179 global managers overseeing some half trillion dollars in assets told BAML that pessimism has been driven by concerns over U.S.-led …
