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Archives by Year:
GBP/USD Uptrend Tests 1.41 Support And Aims At 1.4250
GBP/USD 4 hour The GBP/USD bullish trend is testing the previous resistance levels (red), which could complete a wave 5 (green) pattern and start a potential reversal. A break below the long-term support trend line would confirm a larger bearish reversal. 1 hour On the 1 hour chart, the GBP/USD could be building a wave […]
Incyte Upgraded To Buy From Neutral At UBS
UBS analyst Carter Gould upgraded Incyte (INCY) to Buy while lowering his price target for the shares to $76 from $106. The stock offers an improved risk/reward profile after resetting lower on negative epacadostat Phase 3 data and removal of the drug from analyst models, Gould tells investors in a research note. The focus on […]
Morning Call For Thursday, April 12
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.45%) this morning are up +0.57% and European stocks are up +0.41% as the markets await President Trump’s decision on military action against Syria. President Trump tweeted this morning that he “never said when an attack on Syria would take place. Could be very soon or not so […]
Geopolitics Overshadow The Fed, Greenback Steadies
The US dollar steadied at lower levels, while equities eased as investors remain focused on the preparations to strike Syria and still tense rhetoric on trade. Reports indicate that the US and France have moved warships into the area and the UK has moved submarines within striking distance as well. One thing that complicates matters […]
Futures Jump, Global Stocks Extend Advance After Trump Tweet
It was a relatively subdued trading session, with markets treading water amid modest volumes awaiting news of action in Syria, until just after 6am ET when as we reported previously, Trump reversed on his Wednesday morning tweet, and in his latest tweetstorm, said that he “Never said when an attack on Syria would take place. Could be […]
Treasury Interest-Rate Spread Narrows To Lowest Level Since 2007
A widely followed measure of the Treasury yield curve has resumed its decline in recent days, dipping to its flattest level in more than a decade. The narrowing between long and short rates is generally considered a signal of weaker economic activity in the future. An inversion of the curve – short rates above long […]
Indian Indices End Marginally Higher; Infosys Surges 3.4%
After opening their day on a flat note, Indian share markets witnessed volatile trading activity throughout the day and ended their session marginally higher. Gains were largely seen in the IT sector and banking sector, while realty stocks and metal stocks ended the day lower. At the closing bell, the BSE Sensex stood higher by 161 points (up 0.5%) and the NSE Nifty closed higher by 42 points […]
Gold Attacks Crucial Resistance, Which Likely Cracks – If Not Right Away, Later
Gold is hammering on crucial resistance. This has been going on for a while now. A breakout will happen – sooner or later. Kudos to the gold bugs, they are at it again. Once again, they are hammering on resistance that has been in place since July 2016 (Chart 1). The latest salvo came after […]
March 2018 FOMC Meeting Minutes: Uncertainty About The Effects Of New Trade Tariffs
The 21 March 2018 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There continued to be considerable discussion on inflation and timing on the next federal funds rate increase, and an interesting quote: … PCE price inflation rate would likely shift upward when the […]
UK Housing Market Slows
When average wage increases are running below inflation and the cost of the average home is well beyond the means of the average first-time buyer on the average wage, market economics, beloved of the Conservative government, dictate that prices must fall. This is a simple paradigm of market dynamics, yet many in the UK feel […]
