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EU Commission Autumn Forecasts Upbeat

EU Commission Autumn Forecasts Upbeat

  The European Union Commission released its autumn economic forecasts last week. As widely expected, based on the recent trends in the economy and the receding political risks, the euro area economy is expected to continue maintaining its bullish momentum. Regional growth and inflation figures were also significantly higher which is expected to push the […]
USDCAD Daily Analysis – Thursday, Nov. 16

USDCAD Daily Analysis – Thursday, Nov. 16

USDCAD extended its short-term uptrend from 1.2666 to as high as 1.2789, facing a resistance level at 1.2819. A breakout of this level could take price to next resistance level at 1.2916, followed by 1.3100. Near-term support is at the rising trend line on the 4-hour chart, only a breakdown below the trend line could […]
Is A Beat In The Cards For Burlington (BURL) In Q3 Earnings?

Is A Beat In The Cards For Burlington (BURL) In Q3 Earnings?

Burlington Stores, Inc. (BURL – Free Report) , a retailer of branded apparel products, is slated to report third-quarter fiscal 2017 results on Nov 21. Last quarter, the company’s earnings surpassed the Zacks Consensus Estimate by a margin of 44%. Notably, the company’s earnings beat estimates in three of the last four quarters by an average of 17.7%. […]
The NoB And Bitcoin Futures

The NoB And Bitcoin Futures

Bitcoin Futures must be quarantined? Video Length: 00:08:49
AUD/USD: Mixed Jobs Report, Mixed Reaction

AUD/USD: Mixed Jobs Report, Mixed Reaction

The Australian economy gained only 3.7K jobs in October, significantly below the 18.9K that was expected. On the other hand, the previous figure was revised up from 19.8K to 26.6K, softening the blow. The unemployment rate fell to 5.4%, beating expectations and standing at the lowest since February 2013, the best in over four and […]
The US Dollar Recovered Some Of The Losses; Demand Remains

The US Dollar Recovered Some Of The Losses; Demand Remains

Yesterday’s trades were very active. The main currency pairs showed a variety of trends. The dollar index kept the current levels. Economic reports from the US were mixed. In October, the growth in retail sales slowed to 0.2% compared with the previous value of 1.9%. At the same time, the indicator exceeded market expectations at […]
Central Bank Group Think: Convince The Public More Inflation Is Coming

Central Bank Group Think: Convince The Public More Inflation Is Coming

Chicago Fed chief Charles Evans is worried about the lack of inflation primarily because he is clueless about where to find it. As further proof of his economic illiteracy, Evans says “Low inflation expectations keep inflation down”. Bloomberg reports Evans Says Fed Must Convince Public It Will Allow More Inflation. The Federal Reserve should take a […]
Fall 2017 Snapshot Of Expected Future S&P 500 Earnings

Fall 2017 Snapshot Of Expected Future S&P 500 Earnings

Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter’s earnings. Today’s snapshot of the trailing year earnings per share for the S&P 500 reveals that the stock market’s earnings […]
EUR/USD Elliott Wave Analysis – Thursday, Nov. 16

EUR/USD Elliott Wave Analysis – Thursday, Nov. 16

The bearish trend is present in EUR/USD currency pair, 15 minutes chart. The price of EUR/USD currency pair is going to drop now on a short-term basis to create a bearish Impulse Wave 1 Elliott wave pattern and traders should consider taking a possible sell trading chance. Strong key resistance level is present at 1.1860 […]
British Pound May Fall As US Dollar Gains On BoE, Fed Comments

British Pound May Fall As US Dollar Gains On BoE, Fed Comments

October’s UK retail sales statistics headline a lackluster data docket in European trading hours. A narrow improvement from the prior month is expected but whatever comes across the wires seems unlikely to mean much for near-term BOE monetary policy, and thereby for the British Pound. Comments from a broad group of BOE officials including Governor Mark Carney at the central bank’s […]