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Archives by Year:
DXY Index Carving Out Sideways Range During Quiet Week
Video length: 00:09:48 The US Dollar (via DXY Index) is trading right back to its weekly open, as a lack of clear drivers on the calendar leaves the greenback waiting for catalysts to cross the news wires. The greenback isn’t alone in this endeavor, as neither the British Pound nor the Canadian Dollar nor Euro have data releases due out that […]
GBP/USD To 1.25 During The Next 6 Months – BNPP
GBP/USD has been hit by the BOE but has not gone too far. The pair still maintains the range. What are the long-term prospects for the pair? Here is their view, courtesy of eFXnews: BNP Paribas Research discusses GBP outlook in light of last week’s BoE policy decision. “We expect growth in the UK to slow materially […]
USD Remains Firm As Fed On Track For December Rate Hike
US GDP was higher than expected in Q3, printing 3% against expectations of 2.7%, remaining broadly unchanged over the year so far at 3% in Q1 and 3% in Q2. This latest reading comes despite the economic destruction caused during a particularly harsh US storm season over August and September. The damage caused by the […]
Plug Power Inc Q3 2017 Earnings Send Its Stock Lower
The Plug Power Inc (PLUG) Q3 2017 earnings results were released before opening bell, and the company posted adjusted losses of 4 cents per share on $61.43 million in revenue. Analysts had been expecting losses of 4 cents per share on $54.57 million in sales. In last year’s third quarter, Plug Power reported adjusted losses of […]
Snap Downgraded To Sell From Neutral At UBS
UBS analyst Eric Sheridan downgraded Snap (SNAP) to Sell and cut his price target for the shares to $7 from $12 following last night’s Q3 results. The camera company is down 19%, or $2.88, to $12.24 in premarket trading. In a post-earnings research note titled “SNAP Crackle Flop,” Sheridan says he finds it very […]
September 2017 CBO Monthly Budget Review: Fiscal Year Ends With Deficit $80 Billion Greater Than Fiscal Year 2016
from the Congressional Budget Office In fiscal year 2017, the budget deficit totaled $666 billion – $80 billion more than the shortfall recorded in 2016. Measured as a share of GDP, the deficit increased to 3.5 percent in 2017, up from 3.2 percent in 2016 and 2.4 percent in 2015. In fiscal year 2017, which […]
USD/JPY Remains Vulnerable On Correction
USDJPY: The pair remains weak and vulnerable to the downside. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A cut through here will turn focus to the 112.50 level and possibly lower towards the 112.00 level. On the upside, resistance resides at […]
Dollar Lower As Tax Reform Concerns Weigh
The US Dollar was broadly lower as investors begin to question US President Trump’s ability to push through a major revamp of the US tax code. It was reported yesterday that Senate leaders of the GOP are planning to consider a 1-year delay of the implantation of one aspect of the proposal. Moreover, new and clear evidence […]
A Key Treasury Yield Spread Narrows To Lowest Level In A Decade
A widely followed measure of the Treasury yield curve dipped on Tuesday (Nov. 7) to its flattest level in a decade, based on daily data published by Treasury.gov. The gap between the 10-year and 2-year rates fell to 69 basis points yesterday – the lowest since Nov. 2007. The flatter yield curve follows in the […]
Morning Call For Wednesday, Nov. 8
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.11%) this morning are down -0.12% on concern about the progress on U.S. tax reform after the Washington Post reported that Senate Republican leaders were considering holding tax cuts back a year. European stocks are down -0.31% at a 1-1/2 week low, led by losses in banking stocks, as Credit Agricole slid […]
