Few traders are more in-tune with the news than Adam Button. The co-owner and managing director of ForexLive.com is one of the most-followed sources of live commentary on economic news. Formerly a financial journalist, he was consistently amazed at how often market watchers missed headlines. Mr. Button is also a currency analyst at Intermarket Strategy and was the chief currency strategist at XForex.
Indices broaden their losses as bond yields ask harder questions, with NASDAQ tech sectors feeling the pinch from rising borrowing costs (especially those that finance buybacks), mainly as the index is devoid of financials, says Adam Button of ForexLive.com.
We couldn't read an article or watch financial TV for any stretch on Tuesday without hearing the worlds “inflation” and “reflation” but the Fed continues to preach that they will look beyond short-term price rises, says Adam Button of ForexLive.com.
Meme stocks continue to make waves, and economic data and central banks are afterthoughts at the moment, says Adam Button of ForexLive.com.
Indices attempt a recovery in a quiet day, dominated by sharp rallies in cryptocurrencies and solid bounce in bond yields, says Adam Button of ForexLive.com.