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AUD/USD Rebound Unravels Ahead Of RBA As CPI Report Fails To Impress

AUD/USD Rebound Unravels Ahead Of RBA As CPI Report Fails To Impress

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD quickly pares the advance from the 2018-low (0.7021) as updates to Australia’s Consumer Price Index (CPI) does little to alter the monetary policy outlook, and the exchange rate remains vulnerable going into the next Reserve Bank of Australia (RBA) meeting on November 5 as the central bank looks poised to carry the record-low […]
Weather Spooks Natural Gas For Halloween

Weather Spooks Natural Gas For Halloween

It was a spooky Halloween for natural gas bears as the December natural gas contract shot up over 2% and continued running after the settle on significantly colder afternoon weather model runs.  These bullish weather forecasts sent the December/January Z/F contract spread to new narrow levels.  This came after firmer cash prices initially spiked the […]
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                        Canadian Homeowners Circumvent Recent Mortgage Restrictions

E Canadian Homeowners Circumvent Recent Mortgage Restrictions

Canada introduced a set of tougher mortgage qualification rules in late 2017 that are now changing the landscape for prospective home purchasers. Increasingly, borrowers rejected by the commercial banks are turning to the non-bank or alternative lenders to finance their purchases. The Bank of Canada made it abundantly clear that household credit, mortgages plus consumer […]
Key Support Levels For The Markets To Watch After This Bounce

Key Support Levels For The Markets To Watch After This Bounce

Allison Ostrander, Director of Risk Tolerance and Options Specialist at Simpler Trading, joins me to discuss the key support levels she is watching for the US markets. With the breakdown in the markets getting a little reprieve today we still need to be aware of another pullback that could turn into much more. (Audio length […]
Weekly Heating Oil Prices – Wednesday, Oct. 31

Weekly Heating Oil Prices – Wednesday, Oct. 31

We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.37, unchanged from last week and up 8 cents since […]
Has The Market Forgotten About The Triage Factors?

Has The Market Forgotten About The Triage Factors?

Yes, the market had a soft landing on support with decent follow through today. With better than average volume, bulls will surmise that this is a bottom. And since price pays, with the last 2 days action, technically, we can say that for now, the worst could be over. Yet, examining our triage of macro […]
Rallies Run Into Channel Resistance

Rallies Run Into Channel Resistance

The initial bounces off spike lows have encountered their first major test of supply with pushes into newly drawn channel resistance. All indices are mapping this price action. First up is the S&P. Today’s action finished with a spike high bang on channel resistance. Technicals are negative with the exception of relative performance, which has been […]
Agriculture Markets Report – Wednesday, Oct. 31

Agriculture Markets Report – Wednesday, Oct. 31

Video Length: 00:09:53
Williams Reports Q3 Adjusted EPS 24c, Consensus 21c

Williams Reports Q3 Adjusted EPS 24c, Consensus 21c

The Williams Companies, Inc. reported Q3 adjusted EBITDA $1.196B, up 7.5%. Alan Armstrong, president and chief executive officer, made the following comments: “This quarter’s strong execution and results highlight why we are so bullish on the future. Williams has positioned itself as the leading natural gas infrastructure company, now operating as a simplified and focused C-Corp, […]
Another ‘Highest In Ten Years’

Another ‘Highest In Ten Years’

Upon the precipice of the Great “Recession”, US workers were cushioned to some extent by what economists call sticky wages. Before the Great Depression, as well as during it, companies would attempt to deal with looming economic contraction by cutting pay rates before workers. Nowadays, the intent is reversed; businesses will try to keep core workers […]