Infrastructure investment will be slow to ramp up – Moody's

Moody’s Investors Service in a recent report, titled “US Infrastructure: Large Increase in US Infrastructure Spending Will Be Slow to Develop.”, argues that while federal government proposals calling for $1 trillion in infrastructure spending would be credit positive for state and local economies, several constraints suggest that investment will be …

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GBP/USD Channel Break Portends Something Bullish

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -“GBP/USD rode the channel for 6 days before finally turning up. The 55 day average (now) and 1.2390 (good pivot since November) may prove tough in the near term. Even then, channel resistance is slightly higher.” The 55 …

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Chemical Activity Indicates Higher Equity Prices Ahead

“Davidson” submits: The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), posted its strongest year-over-year gain in nearly seven years. The 5.5 percent increase over this time last year reflects elevated consumer and business confidence and an overall rising optimism in the U.S. …

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US WTI crude oil settles at $47.34/bbl

Down -$0.88 or 1.28% The price of WTI crude oil is settling at $47.34. That is down -$0.88 or -1.28%.  The high today reached $48.73, while the low extended to $47.23 – not far from the settling level. The price peaked around the $55.24 level on Jan 3rd 2017. Looking …

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Donald Trump's proposed budget cuts would have serious implications for travellers

THREE months into his presidency, Donald Trump has engendered little but despair among among travel-industry types. Restrictions announced today on taking laptops and iPads aboard airlines originating from eight Middle Eastern countries are probably reasonable (see Gulliver). But an ill-considered attempt in January to ban travellers from seven mostly-Muslim countries …

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Free Popular Science Magazine

Posted on Mar 21, 2017 at 2:40 pm This freebie from 2015 has returned! A fairly rare free Popular Science magazine subscription has appeared via Value Mags. These typically don’t last as long, so good luck. Think of them as the Mayflys of freebies Now I’m off to figure out …

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USDJPY falls to session lows

Nasdaq down -1.64% The USDJPY has moved to new session lows as stocks continue to slide.  The Nasdaq is down -1.64%. The S&Pis down -1.20%. The Dow is down over 200 points (down 216 points at the moment). The USDJPY moves toward the 38.2% retracement target at the 111.56. The …

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USD/CAD Rebounds Intraday From Weekly Lows

Talking Points: The USD/CAD is rebounding this afternoon, after initially declining to new weekly lows earlier in the session. Technically this bounce may be seen as significant in the short term, however the pair remains trading under its 10 day EMA (exponential moving average) which is found at 1.3357. Prices …

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Strong CAD Helps Diesel

Over the past week, has become entrenched in the 48-49 USD/barrel range. Diesel in CAD/L was trading at an attractive technical level with regard to the 200-day average. According to Saudi Energy Minister Khalid al-Falih, OPEC and its allies could renew their agreement to limit output in June if oil …

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