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Tariff Proof Oil

Tariff Proof Oil

China is buying our oil and that could be Iran’s worst nightmare. It seems that the Chinese trade talks went nowhere, but despite that fact, China’s demand for U.S. crude oil might rise anyway. According to Reuters “China’s Unipec will resume purchases of U.S. crude oil in October after a two-month halt due to the trade […]
Will The Narrowing Yield Curve Force The Fed To Rethink Policy?

Will The Narrowing Yield Curve Force The Fed To Rethink Policy?

The difference in the widely followed spread in 10- and 2-year Treasuries slipped to 21 basis points on Thursday (August 23), marking yet another 11-year low, based on daily data via Treasury.gov. The narrowing gap is stoking debate about whether a new recession is near and the wisdom of what’s expected to be another rate […]
Durables Goods Orders Drop Most In Six Months As US Slowdown Accelerates

Durables Goods Orders Drop Most In Six Months As US Slowdown Accelerates

After managing a modest bounce in June, expectations were for a drop in Durable Goods Orders in July and just as we have seen soft survey and hard ‘real’ data disappoint, so did preliminary data showing a worse than expected 1.7% drop MoM. Against expectations of a 1.0% drop, durable goods orders in July were […]
Canadian Dollar Likes Optimism On NAFTA – Is It Enough?

Canadian Dollar Likes Optimism On NAFTA – Is It Enough?

The Canadian Dollar continued receiving bids on NAFTA hopes. Canada’s quarterly GDP is the central event of the last week of August. The technical picture is mixed after a few weeks of range trading. This was the week: Almost a deal all over again The talks to renew the North American Free Trade Agreement remained […]
Sensex Ends Marginally Lower; FMCG And Banking Stocks Witness Selling

Sensex Ends Marginally Lower; FMCG And Banking Stocks Witness Selling

After witnessing volatile trades during the day, Indian share markets ended their session marginally lower. Losses were largely seen in the banking sector, consumer durables sector and FMCG sector, while IT stocks ended the day higher. At the closing bell, the BSE Sensex stood lower by 85 points (down 0.2%) and the NSE Nifty closed lower by 26 points (down 0.2%). The BSE Mid Cap index ended the day […]
Morning Call For Friday, August 24

Morning Call For Friday, August 24

Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.22%) this morning are up +0.24% and European stocks are up +0.29% at a 2-week high as the markets await Fed Chair Powell’s speech later this morning at the Fed’s annual Jackson Hole policy symposium. Oct WTI crude oil (CLV18 +1.19%) is up +1.31% at a 2-week high, which […]
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                        Markets: Same Old Hash?

E Markets: Same Old Hash?

Friday trading rules in play. There is a sense of glum relief today with the same-old hash of headlines about geopolitics driving markets. This obscures a few key technical moves that maybe more important for next week and the new month ahead. The economic news was light overnight with lower than hoped Japan CPI and […]
A Saudi-Iran Oil War Could Break Up OPEC

A Saudi-Iran Oil War Could Break Up OPEC

When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a […]
Short-Term View On EEM

Short-Term View On EEM

Taking a closer look at EEM US (iShares MSCI Emerging Markets ETF) we first observe that we remain in a bearish trend as the price is still below the Ichimoku cloud in the Daily chart. Price has tested the Kumo (Cloud) several times so far and each time it got rejected. However, only recently have we […]
Here Comes Powell But Draghi And Kuroda Strangely Absent From Jackson Hole

Here Comes Powell But Draghi And Kuroda Strangely Absent From Jackson Hole

While political turmoil may have preoccupied the market for most of this week, the market’s focus for today and into Saturday will turn back to monetary policy with the Fed’s annual Jackson Hole symposium due to kick off today and continue into the weekend. As DB’s Jim Reid reminds us, the topic of this year’s […]