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Bank Of England Refuses To Release Venezuela’s Gold

Bank Of England Refuses To Release Venezuela’s Gold

Three days ago, when we reported that following Trump’s latest sanctions targeting Venezuela’s gold sector president Maduro was seeking to repatriate all of Venezuela’s gold – some 14 tons – held at the Bank of England, we cautioned that since the BoE “sought to clarify what Venezuela wants to do with the gold”, this suggested that despite […]
Stocks Exit Extremely Oversold Territory

Stocks Exit Extremely Oversold Territory

Stocks Exit – Biggest Post Election Rally Since 1982 The stock market rallied sharply after the midterm elections. Dems won the House and the GOP held the Senate. S&P 500 usually rallies 0.7% after the midterms. Instead, it rallied 2.12%. This is the biggest increase since 1982 when it increased 3.9%. It’s good to get […]
Activision Blizzard Reports Q3 Adjusted EPS 42c, Consensus 50c

Activision Blizzard Reports Q3 Adjusted EPS 42c, Consensus 50c

Reports Q3 net bookings $1.66B, consensus $1.66B. “Activision Blizzard’s results for Q3 exceeded our prior outlook as we continue to entertain large audiences, drive deep engagement, and attract significant audience investment across our franchises,” said Bobby Kotick, Chief Executive Officer of Activision Blizzard. “Our unique advantage continues to be our ability to create the most […]
The Outlook Is Bearish, But You Can Profit From The Big Swings Both Ways

The Outlook Is Bearish, But You Can Profit From The Big Swings Both Ways

You probably think that banking data is boring stuff. And it is, mostly. Except for one thing. Hidden in that data are secrets about the amount of money available to drive stock and bond prices. If you know where to look, that information can be extremely useful to you for making money in the stock […]
Disney CEO Bob Iger On Earnings: ESPN Had Its Best Quarter In Quite A While

Disney CEO Bob Iger On Earnings: ESPN Had Its Best Quarter In Quite A While

CNBC’s Julia Boorstin is joined by Disney CEO Bob Iger to discuss Disney’s EPS beat.  
AUD/USD Holds Bullish Series Ahead Of RBA Statement On Monetary Policy

AUD/USD Holds Bullish Series Ahead Of RBA Statement On Monetary Policy

The recent advance in AUD/USD seems to have stalled ahead of the September-high (0.7315) as the Federal Reserve appears to be on track to further normalize monetary policy, but recent price action keeps the topside targets on the radar as the exchange rate preserves the string of higher highs & lows from earlier this week. AUD/USD HOLDS […]
November 2018 FOMC Meeting Statement: Federal Funds Rate Unchanged

November 2018 FOMC Meeting Statement: Federal Funds Rate Unchanged

The Federal Open Market Committee (FOMC) – the board of directors of the Federal Reserve maintained the federal funds rate as expected, and stated: …. while growth of business fixed investment has moderated from its rapid pace earlier in the year. …. Overall the Fed appears to believe the economy was generally stronger since the […]
Stocks And Precious Metals Charts – Priorities

Stocks And Precious Metals Charts – Priorities

The FOMC meeting was a snoozer as expected.  They will likely raise 25 bp in December. And the meetings in 2019 will be rife with speculation about how far the Fed will go in raising rates to get off the zero bound and give themselves some policy room to cut rates when their latest financial […]
Fed Cites “Strong Economic Activity”, Then Does Nothing

Fed Cites “Strong Economic Activity”, Then Does Nothing

As expected, the Fed did nothing at today’s FOMC meeting. A hike is on the way in December. Take a gander at the opening paragraph in today’s FOMC Statement. Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising […]
Hot Options Report For End Of Day – Thursday, Nov. 8

Hot Options Report For End Of Day – Thursday, Nov. 8

  ↵ Data Courtesy of Trade Alert