October 2017 - Page 130 of 215 -

S&P 500 And Nasdaq 100 Forecast – Tuesday, Oct. 17

Oct 17, 2017 Jeremy Parkinson Finance 0

S&P 500 The S&P 500 rallied during the day after initially falling on Monday, showing signs of support at the 2550 level. I believe that the uptrend continues in this market, and we will continue to gain as earnings season should give us plenty of reason to go back into the stock market. I believe […]

UK Inflation Hits 3% As Expected – GBP/USD Slides

Oct 17, 2017 Jeremy Parkinson Finance 0

Headline inflation comes at 3%, as expected. Core inflation also meets the early forecasts and stands at 2.7%. The RPI slightly missed expectations and remained at 3.9%. The House Price Index also fell short of projections and stands at 5% y/y. PPI Input rose by only 0.4% m/m, below expectations. All in all, the main figures […]

Why Has 3D Systems Been Taking A Beating?

Oct 17, 2017 Jeremy Parkinson Finance 0

Well, it appears to be HP’s fault. 3D Systems (DDD) took a good hit during the last 2 trading days. There aren’t many explanations around, but the fact that Stratasys (SSYS) also took good hit points toward a common denominator. If we add that HP’s results and outlook presentation occurred simultaneously and that investors have […]

Euro And Pound Sterling Flip-Flops On Brexit Talks

Oct 17, 2017 Jeremy Parkinson Finance 0

The common currency was seen giving up more than half the gains made last week as price action in EUR/GBP was bearish. Closing at 0.8892 on Friday, EUR/GBP, however, remains supported above 0.8837 level of support. The gains in the euro came about as the Brexit talks continued but with no significant progress made. […]

What Else Needs To Be Said? Why It Will Continue, Cont’d

Oct 17, 2017 Jeremy Parkinson Finance 0

If the essence of modern eurodollar money is bank balance sheet capacity, then we need not wonder what has gone wrong or why. The very heart of this global currency system no longer beats so healthy and strong. Global banks shrink rather than expand at a breakneck pace, their desire to do the latter restrained […]

“This Is The Catalyst For Everything”: Deutsche Sees Only Two More Rate Hikes Before The Fed Loses Control

Oct 17, 2017 Jeremy Parkinson Finance 0

In his latest weekend note, One River CIO Eric Peters discussed, among other topics, what he thought would be the nightmare scenario if not for the current, then certainly next Fed chairman: a world in which despite the Fed’s best intentions (and we use the term loosely), the Fed continued to hike rates without any perceptible increase […]

Sensex Open Flat; Realty & Metal Stocks Top Losers

Oct 17, 2017 Jeremy Parkinson Finance 0

Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.03% while the Hang Seng is up 0.16%. The Shanghai Composite is trading up by 0.02%. On Wall Street, all the three major indices once again climbed to new record closing highs as market participants looked ahead to key corporate earnings […]

EUR/USD Daily Analysis – Tuesday, October 17

Oct 17, 2017 Jeremy Parkinson Finance 0

EUR/USD is facing 1.1780 support, a breakdown below this level will indicate that the short term uptrend from 1.1669 had completed at 1.1879 already, then the following downtrend could bring price back to test 1.1662 key support. On the upside, as long as the price is above 1.1780, the fall from 1.1879 would possibly be […]

Retail Sales Rebound: 4 ETF & Stock Picks

Oct 17, 2017 Jeremy Parkinson Finance 0

The boons of Hurricane Harvey started being felt slowly as evident from the biggest increase in retail sales in the month of September since March 2015. Sales increased 1.6% sequentially in September 2017, slightly below market expectations of a 1.7% but rebounding from a biggest increase decline in August. On a year-over-year basis, retail sales rose 4.4% following 3.2% […]

GBP/USD Is Becoming Complicated, Like Brexit Negotiations

Oct 17, 2017 Jeremy Parkinson Finance 0

The pound is becoming quite tricky to trade, says NAB, as Brexit negotiations look complicated as well, as analyzed by BofAML. What’s next? Here is their view, courtesy of eFXnews: GBP/USD: ‘Extremely Unlikely’ To Achieve Progress Before Article 50 Deadline – BofAML Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue […]