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Slight US Crop Changes Expected With Corn Up & Soybeans Down

Slight US Crop Changes Expected With Corn Up & Soybeans Down

Market Analysis The upcoming USDA’s crop report has the trade anticipating slightly lower US corn and soybean crops resulting in modest changes in each upcoming 2018/19 balance sheets on November 8. A wire service survey is projecting 57 million drop in the US corn output to 14.721 billion bu. crop while this same trade group […]
Stocks And Precious Metals Charts – Midterm Elections Tomorrow – FOMC Jawboning On Wednesday

Stocks And Precious Metals Charts – Midterm Elections Tomorrow – FOMC Jawboning On Wednesday

The crazy train is pulling into the station tomorrow night. Let’s see what tunes the band plays on its arrival. The commentary on Bubblevision this afternoon was mind-numbing in its vacuity. I had to turn it off as soon as the market closed.   Stocks were trying to level up today, with the lead sled dog […]
The Range To Watch For The Metals

The Range To Watch For The Metals

(Audio length 00:09:29) Richard Postma joins me today to share the targets he is watching for the gold. We also discuss how the USD longer term charts are providing insights into where the metals might trend from here.
Bad Omen: The Buyback Trajectory Is Slowing

Bad Omen: The Buyback Trajectory Is Slowing

Ok, it’s time for an update on the corporate bid for U.S. equities as investors ponder the outlook for markets after a truly abysmal October for stocks that were sitting at fresh all-time highs a scant six weeks ago. Anytime there’s a selloff and folks are looking for excuses to stay bullish, buybacks obviously come […]
What Wall Street Thinks Of The Midterms

What Wall Street Thinks Of The Midterms

The consensus view expects a split Congress outcome with a largely muted market reaction, though many are not ruling out a surprise. In order to assess the medium-term market impact of the midterms and recommend trade ideas, SocGen economists, strategists, and analysts have worked under three different scenarios according to the election outcome. Scenario 1: Gridlock […]
GBP/USD Extends Bullish Sequence, RSI Threatens Trendline Resistance

GBP/USD Extends Bullish Sequence, RSI Threatens Trendline Resistance

GBP/USD remains bid amid indications of an imminent Brexit deal, and the exchange rate may stage a large rebound ahead of the Federal Reserve meeting as it extends the series of higher highs & lows from the previous week. GBP/USD EXTENDS BULLISH SEQUENCE, RSI THREATENS TRENDLINE RESISTANCE The limited reaction to the Bank of England (BoE) meeting suggests the […]
Dollar Index: Big Reversal At 97.00, Midterm Elections On Tap

Dollar Index: Big Reversal At 97.00, Midterm Elections On Tap

Remember the “Trump Bump” in the US dollar? After a brief swoon on election night in 2016, the greenback came roaring back on the expectation of fiscal stimulus and the “Make America Great Again” agenda, gaining over 6% heading into the end of the year. What casual traders may not realize, however, is that the […]
Alibaba Beats On Earnings, Lowers Guidance: ETFs In Focus

Alibaba Beats On Earnings, Lowers Guidance: ETFs In Focus

Chinese e-commerce giant Alibaba Group (BABA – Free Report) reported second-quarter fiscal 2019 results before the opening bell on Nov 2, wherein it beat earnings expectations but lagged on revenues. Earnings of $1.01 per ADS came in 19 cents above the Zacks Consensus Estimate. Revenues jumped 54% year over year to $12.34 billion and fell short of […]
US Fixed Income Calendar: The Week Ahead – Monday, November 5

US Fixed Income Calendar: The Week Ahead – Monday, November 5

By Steven Levine (Video length 00:03:12) Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning November 5. Experience the IBKR Platform!Use our powerful trading platform to begin trading a simulated account for free and without commitment.