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Hawks, Doves And Jays: Takeaways From First Fed Rate Hike Under Jerome “Jay” Powell

Hawks, Doves And Jays: Takeaways From First Fed Rate Hike Under Jerome “Jay” Powell

In Jerome Powell’s first meeting as chair, the Federal Open Market Committee (FOMC) raised interest rates, marking its sixth hike for the expansion thus far. The decision itself wasn’t a surprise1 — the U.S. Federal Reserve (the Fed) has declared mission accomplished2 on the full employment component of its mandate, the global cycle has strengthened and inflation, […]
A Declaration Of Trade War On China?

A Declaration Of Trade War On China?

Accounts suggest Section 301 based sanctions on China on up to $60 billion worth of goods. [1] [2] Retaliation seems a real possibility. It’s interesting to consider likely targets, geographically. Figure 1: 2017 state level exports to China, in billions of USD. Source: BuCensus via ITA. Figure 2: 2017 exports to China as share of total state level exports. Source: BuCensus […]
Top 3 Commodities To Watch In Spring 2018

Top 3 Commodities To Watch In Spring 2018

As we scan the market looking for meaningful moves that could eventually lead to important trends, we noticed the following: Commodities, in general, are in a sideways pattern, most are consolidating before the next big move. For some, the consolidation lasted for a long to a very long period of time, which makes me think […]
Stocks To Trade: GNTX, STX, HUN

Stocks To Trade: GNTX, STX, HUN

Thursday’s stock picks: Long Gentex (GNTX) Long Seagate Technology (STX) Short Huntsman (HUN)
WTI Crude Oil And Natural Gas Forecast – Thursday, March 22

WTI Crude Oil And Natural Gas Forecast – Thursday, March 22

WTI Crude Oil The WTI Crude Oil market has had a strong session on Wednesday, breaking above the $65 level. At this point, it looks as if we will continue to find the buyers on short-term dips, as the uptrend line has certainly held true. I think that the market will struggle a little bit […]
Sensex Trades On A Flat Note; Power & PSU Stocks Underperform

Sensex Trades On A Flat Note; Power & PSU Stocks Underperform

After opening the day higher, Indian share markets are trading on a flat note. Sectoral indices are trading on a mixed with stocks in the consumer durables sector and information technology sector witnessing maximum buying interest. While power stocks & PSU stocks are trading in the red. The BSE Sensex is trading higher by 60 points and the NSE Nifty is trading higher by 16 points. The BSE Mid Cap index […]
EURUSD: Return To The Trend Line

EURUSD: Return To The Trend Line

Previous: On Wednesday the 21st of March, trading on the EURUSD pair closed up. The single currency sharply rose following the FOMC meeting and the Fed chair’s speech. The FOMC increased the federal funds rate by 0.25% to 1.75%. In terms of the key rate, the Fed’s projection for 2018 remains the same at 3 rate […]
Out Of The Way

Out Of The Way

As usual, Fed Day gave us quite a ride. The big news was that our friends at the FOMC plan to give us another 3 rate hikes this year instead of 4. Guess how many Fed meetings there are with accompanying press conferences left this year? Three. How about that. My stomach went into a […]
GBP/USD: BoE To Stay Hawkish On Thurs, Dips A Buy On Any Dovish Outcome

GBP/USD: BoE To Stay Hawkish On Thurs, Dips A Buy On Any Dovish Outcome

The Bank of England convenes to make its March decision in the shadow of the EU Summit on Brexit and amid mixed data from the UK. How will it impact the pound? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research discusses GBP outlook, going into the BoE meeting […]
Markets React To U.S. Interest Rate Hike

Markets React To U.S. Interest Rate Hike

In its first policy meeting since the induction of new chief Jerome Powell, the U.S. Federal Reserve met analysts’ expectations on Wednesday by raising interest rates and predicting at least two more interest rate hikes before the end of the year. The central bank also hinted that inflation should finally head higher after hovering for years below […]