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Wednesday, September 4, 2024

American Market Recap: Dem nominee Harris capital gains tax plan to go to 28% if you make $1M or more

Dem nominee Harris capital gains tax plan to go to 28% if you make $1M or more

Democratic presidential candidate Harris says if earn more than $1 million, the capital gains tax rate will be 28%. The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent , dep... 

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USDJPY moves to a new session low for the day. Looks toward the lows from last week

The USDJPY is moving to a new session low as the clock ticks to the end of trading today. the low has reached 143.78. That is getting closer to the swing lows from last week at 143.67 and below that 1... 

Could we be on the brink of another breakdown in USD/JPY?

Today's JOLTS report put a 50 basis point Fed cut squarely back on the table, along with the idea that the US won't be able to sustain high rates. That's causing a rethink in the spread for US rates o... 

Citi says a 50 basis point Fed cut in September is likely

There is an interesting dynamic this week with non-farm payrolls on Friday and the FOMC blackout period starting Friday at midnight. If the jobs report is middling, it doesn't leave much time for offi... 

US stocks start to move lower again

The US major indices are moving lower again with the NASDAQ index down -0.31%. The S&P index is down -0.29%. The major indices opened lower today but then rebounded intraday. The NASDAQ index trad... 

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FX option expiries for 4 September 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for USD/CAD at the 1.3515 level. It isn't one that really holds any technical significance but the expiries there coul... 

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