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Archives by Year:
GBP/USD Pressured By The Fed Hike, Brexit As Always And Also Italy
The GBP/USD is trading lower, mostly due to the strength of the US Dollar after the Fed. Brexit headlines and US data are due later in the day. The technical picture is OK for the pair, despite the slide. The GBP/USD is trading closer to 1.3100 after failing to conquer 1.3200 on Wednesday. The primary […]
High Oil Prices After The United States Refused To Release Its Oil Reserves
Oil prices rose on Thursday, even after weekly data from the US Energy Information Administration (EIA), which unexpectedly showed an increase in US stocks. But the United States’ exclusion of the release of the crude oil reserves in emergency situations has raised fears of potential losses in Iranian supplies Where the US government is not thinking […]
Asia Development Bank Warns US-China Trade War Could Trigger 2019 Asia Slowdown
The Asian Development Bank (ADB) warned on Wednesday that growth prospects for Asia next year could slow substantially as the US-China trade war disrupts multinational corporations’ supply chains, inflicting damage on the region’s export-reliant economies. Peak quantitative easing policies have been realized; central bank asset purchases $1.6tn in 2016, $2.3tn in 2017, $0.3tn in 2018, and will […]
Gold Falls After Fed Raises Rates
Gold prices ended Wednesday’s session down $6.64 as the dollar strengthened after the Federal Reserve raised interest rates and signaled a continued gradual path of increases. The Fed indicated that it plans to lift rates another quarter-point this year and then three times in 2019. The central bank’s decision to drop “accommodative” from its statement […]
New Home Sales Rise Following Huge Two-Month Downward Revisions
I apologize for the diversion from political slime into actual economic reporting. But let’s discuss new home sales. Hooray! The census bureau reports new home sales rose 3.5%. There’s only one problem: revisions. From Econoday At 629,000, August’s annualized sales pace for new homes came in right at expectations but is offset by sharp downward revisions to the […]
US Dollar, Yen Aim Higher As EU Politics Help Spoil Market Mood
The US Dollar traded broadly higher in Asia Pacific trade as regional investors took their turn to price in the outcome of the FOMC rate decision. The greenback rose despite a broadly status-quo outcome in a move that probably reflected a shift back to focus on the widening policy divergence between the Fed and its G10 counterparts, as […]
Stock Market’s Price Action Favors Short Term Bulls
The S&P 500 has faced some short term weakness recently, falling for 4 consecutive days after making an all-time high. These quick “reverse downs” are common. They’ve happened 53 times from 1950-present. Here are the historical cases from 1990 – present, and what happened next to the S&P 500. Here’s the most important point: these “instant […]
WTI Crude Oil And Natural Gas Forecast – Thursday, September 27
WTI Crude Oil The WTI Crude Oil market tried to rally during the day on Wednesday but found too much resistance and rolled over a bit. We lost about 1%, and I think we may drift a little bit lower from here in order to try to find the previous high as a launching point. […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Sept. 27
WTI Crude Oil The WTI Crude Oil market tried to rally during the day on Wednesday but found too much resistance and rolled over a bit. We lost about 1%, and I think we may drift a little bit lower from here in order to try to find the previous high as a launching point. […]
Sensex Down 180 Points; Realty Stocks Tank
After opening the day flat share markets in India are trading on a negative note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the capital goods sector witnessing maximum selling pressure. The BSE Sensex is trading down by 182 points (down 0.5%) and the NSE Nifty is trading […]
