The Chinese yuan is on a tear. The currency hit a three-year high in offshore markets on Thursday while the U.S. dollar index hovered near 12-month lows, accentuating an ongoing divergence. China’s yuan has outperformed against the dollar since mid-2020. Two traders flagged several ways to play the shifting currency
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — The leaders of trade talks between the U.S. and China held their first call Thursday under U.S. President Joe Biden’s
Possibly the most routinely used option trading strategy beyond simply buying calls or puts is the “covered call.” As most people define it, this strategy involves selling (or “writing”) a call option against a stock position. Typically this involves selling a call against a stock position already held. Other times
Fidelity Investments is expanding its no-fee investing accounts to a new group: teens. With parental permission and guidance, of course. The investing firm Tuesday announced the Fidelity Youth Account, a brokerage account specifically designed to help kids ages 13 to 17 invest, save and spend. The accounts are available to
The reflation trade is in full swing. Commodity prices such as for oil and metals have spiked this year with investors betting on the economic recovery and related demand for materials, manufacturing and construction. Invesco’s PDBC Commodity Strategy ETF, which tracks the most heavily traded commodities, has risen nearly 26%
Jeff Green, CEO of The Trade Desk Scott Mlyn | CNBC Shares of ad tech company The Trade Desk tanked more than 25% on Monday after the company reported first-quarter earnings and a 10-for-1 stock split. Here’s how The Trade Desk performed versus Refinitiv estimates: Earnings: $1.41 per share, adjusted, vs.
A container ship is guided by tugboats out of the terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. Lucy Nicholson | Reuters The U.S. trade deficit hit a fresh record high in March