Congressional Budget Office: House tax bill would add $1.7T to deficit over 10Y

Will also cause US debt to rise more than current projections.
The GOP bill – including a recent amendment for additional debt service payments due to the bill – would increase the US deficit by $1.7T over 10 years according the the Congressional Budge…

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US stocks opening a bit lower

Dow closed at record level yesterday. S&P and Nasdaq were lower.
The major US indices are starting the day with modest declines.
It has been a year since Trump took office and the stock markets have thrived. 
The post US stocks opening a bit l…

Forex technical analysis: USDJPY tries to push the downside.

Can the sellers keep the pressure on the USDJPY
Over the last 13 trading days, the USDJPY has traded mostly between 113.51-58 on the downside and 114.39-44 on the topside. Yes, there has been breaks. On the downside (see red area), there have been 3 br…

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The strongest currency is the JPY. The GBP is the weakest as NA trader enter for the day.

Snapshot of the strongest and weakest as NA traders enter for the day
As the  North American traders enter for the day, the JPY is the strongest currency of the majors, while the GBP is weakest.   The USD is up against the GBP, but lower…

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Forex technical analysis: USDCAD returns to 200 hour MA. Finds sellers.

Fell below MA line last Friday
On Friday, November 3rd, the Canada employment report came out better than expected.
That helped to pushed the USDCAD below the 200 hour MA. The fall ultimately bottomed just ahead of the 100 bar MA on the 4-hour chart to…

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OPEC 2017 World Outlook Report due out at the bottom of the hour

Crude oil is trading near unchanged levels at $57.33
The 2017 world outlook report from OPEC will be released at the bottom of the hour.  Crude oil futures are trading near unchanged levels of $57.33.  Brent Crude oil is trading at $64.09 dow…

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