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Can OPEC Save Oil?

Can OPEC Save Oil?

Oil prices plunged in an epic collapse after OPEC failed to respond to President Donald Trump’s tweet  that “ Hopefully, Saudi Arabia and OPEC will not be cutting oil production.” The market tanked as they felt that OPEC remained silent and that silence was deafening. The market was saying that OPEC may not have the guts […]
Consumer Price Index: October Headline At 2.52%

Consumer Price Index: October Headline At 2.52%

The Bureau of Labor Statistics released the October Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.52%, up from 2.28% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.14%, down from the previous month’s 2.17% and above the Fed’s 2% PCE target. Here […]
UBS Drops Apple Price Target To $225 From $240 On Supply Chain Cuts

UBS Drops Apple Price Target To $225 From $240 On Supply Chain Cuts

UBS analyst Timothy Arcuri lowered his estimates for Apple (AAPL) citing cuts in the company’s supply chain. The analyst believes Apple in the past week has cut 6M-7M out of the original 63M build for new iPhone models, with the cut evenly split between the XS Max and XR models. On a net basis, however, […]
USD/JPY Rejects Higher Prices On Loss Of Momentum

USD/JPY Rejects Higher Prices On Loss Of Momentum

USD/JPY rejects higher prices on loss of momentum leaving risk of a move lower. On the upside, resistance comes in at 114.50 level. Above here will turn focus to the 115.00 level. Further out, we expect a possible move towards the 115.50 level if the earlier level is taken out. On the downside, support comes […]
E
                                                
                        Markets: Reckoning

E Markets: Reckoning

Inflation is the US focus in the morning and FOMC Powell in the afternoon. Markets have had another miserable overnight as risk-off continues with weaker China retail sales blamed on the November Singles Day waiting for discounts, weaker Japan GDP, weaker German GDP, mostly as expected CPI everywhere and a grim outlook for ongoing talks […]
Euro Lower After Italy Budget Submission

Euro Lower After Italy Budget Submission

The Euro remained close to the $1.13 level during trade in London on Wednesday as FX traders wait to see how the European Commission responds to Italy’s re-submission of its 2019 draft budget. According to reports, with the exception of a decline in the debt level, it maintains similar deficit and growth assumptions. Whether it […]
India’s Reserve Bank Tightens To A Tee

India’s Reserve Bank Tightens To A Tee

Indian Prime Minister Narendra Modi addresses business leaders as he launches his “Make in India” initiative. (AP Photo/Saurabh Das, File) The age-old sport of political leaders bashing central banks has come out of the shadows of late. President Trump has taken the Fed to the woodshed, working it over with tweets. President Erdogan has morphed […]
Consider These 3 Dimensional Mutual Funds For Striking Gains

Consider These 3 Dimensional Mutual Funds For Striking Gains

Founded in 1981, Dimensional Fund Advisor offers investment solutions from different asset classes to institutional and individual investors, investment consultants and financial advisors. It boasts more than 1,300 investment professionals across 13 offices across nine countries in North America, Asia and Europe. Dimensional had nearly $596 billion of assets under management as of Sep 30, […]
Morning Call For Wednesday, Nov. 14

Morning Call For Wednesday, Nov. 14

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.01%) this morning are down -0.18% at a 1-week low and European stocks are down -0.57% at a 2-week low as Eurozone political risks weigh on stocks. GBP/USD is down -0.19% as UK Prime Minister May will ask her divided Cabinet ministers to back her Brexit deal or […]
Global Stocks, US Futures Slide As Oil Rebound Fizzles, Pound Tumbles

Global Stocks, US Futures Slide As Oil Rebound Fizzles, Pound Tumbles

European stocks pared a decline of as much as 1.2% on Wednesday but remained in the red, as the FTSE 100 erased losses after the pound resumed its drop ahead of today’s key cabinet meeting, and as oil rebounded after a Reuters report OPEC+ may cut 1.4MM barrels of output, following the latest mixed data […]