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Technically Speaking: Can The Market Hang On To Support?

Technically Speaking: Can The Market Hang On To Support?

Last Tuesday, I noted that a market decision was coming soon. It came sooner than I anticipated with a sell-off that broke the bullish trend line from the February lows. To wit: “A major decision point is rapidly approaching which will decide the fate of the market for the rest of the year.” In the daily price chart […]
Daily Trading Opportunities – October 18, 2016

Daily Trading Opportunities – October 18, 2016

FTSE100: Declines below the 7000.00. The British Index declines, below the resistance area of 7100.00-7000.00. In case the Index continue to this direction, it is possible that the put buyers might be interested for the market. On the other point of view, a reversal upward move could offer opportunities to buyers of call options. NZD/USD: […]
Intel Upgraded To Overweight From Equal Weight At Barclays

Intel Upgraded To Overweight From Equal Weight At Barclays

Barclays analyst Blayne Curtis upgraded Intel (INTC) to Overweight citing better PC trends and a “compelling relative valuation.” The company is positioned to return to “sustainable growth” amid better computer trends and double-digit server growth, Curtis tells investors in a research note. He raised his price target for Intel shares to $45 from $38. The […]
Sterling Higher After Inflation Report

Sterling Higher After Inflation Report

The UK’s Office for National Statistics reported earlier that inflation in the UK was at its highest level since November of 2016, rising to 1.0% in September from August’s 0.6% against expectations of a rise to 0.9%. Core inflation, which excludes fuel and food prices that are deemed volatile, also unexpectedly rose to 1.5% against […]
Global Stocks Rebound As Fed Fears Ease, Dollar Falls From 7 Month High

Global Stocks Rebound As Fed Fears Ease, Dollar Falls From 7 Month High

If yesterday’s session was dominated by concerns about Fed tightening and rising long-end rates, today fears about a hawkish Fed have subsided, and as a result European, Asian stocks and S&P futures all rose amid speculation Federal Reserve policy will remain accommodative after yesterday’s dovish comments by Fed vice-Chair Stan Fischer who offet Friday’s hawkishness […]
Dollar Slips Broadly But Not Deeply

Dollar Slips Broadly But Not Deeply

The US dollar’s upside momentum eased yesterday in North America, and follow-through selling was seen in Asia and the European morning. The dollar is lower against nearly all the major and emerging market currencies. The yen is the chief exception, and only barely, as the greenback straddles the JPY104 area.   Last week’s US retail sales and yesterday’s industrial […]
EUR: How To Trade A ‘Quite Dovish’ Draghi This Week? – BofA Merrill

EUR: How To Trade A ‘Quite Dovish’ Draghi This Week? – BofA Merrill

The ECB convenes once again, and this time we could get some hints about action in December. Will the ECB expand or taper QE? Here is the preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Our base case is that the ECB will confirm that tapering “has not been […]
Gold Rises As U.S. Data Weaken Dollar

Gold Rises As U.S. Data Weaken Dollar

Gold prices ended Monday’s session up 0.27%, or $3.34, to settle at $1255.20 an ounce as the dollar weakened after industrial production and Empire State PMI data fell short of market forecasts. The XAU/USD pair has been bouncing roughly between the $1263 and $1249 levels for some time now and the pattern on the daily […]
How Well Off Are Typical Americans Today?

How Well Off Are Typical Americans Today?

How well off are typical Americans today? That’s a difficult question to answer using conventional economic statistics like GDP, because over time, GDP has become an increasingly less representative measure of the quality of life that Americans enjoy. That discrepancy hasn’t gone unnoticed, as 61% of the respondents to a survey at Debate.org to the question “Is GDP growth a good […]
Assets To Watch This Week -10/17/2016

Assets To Watch This Week -10/17/2016

PM Theresa May Likely to Push for Single-Market Access in Brexit Deal Discussions around the June 23 Brexit have anything but subsided. The UK faces a dilemma: How to maintain single-market access without remaining part of the European Union? Brexiteers are more concerned with the UK managing its borders than anything else, and this is […]