Category Archive: Finance
Sterling And Aussie Interrupt The Waiting Game
Most participants seemed comfortable marking time ahead of tomorrow’s ECB meeting, and an announcement President Trump’s nominations to the Federal Reserve. However, softer than expected Australian Q3 CPI and a stronger than expected UK Q3 GDP injected fresh incentives. Australia reported headline CPI rose 0.6% in Q3. The market had been looking for a 0.8% increase. The year-over-year rate […]
T-Note Yields
T-Note yields about to break crucial resistance. Bearish scenario for T-Note prices. Source: INVESTING.com
BofA: “The Market Implies There Is No Way A Shock Can Happen”
For today’s moment of volatility zen, we go to BofA’s Nikolay Angeloff who drew the short straw to be the (un)lucky pundit whose comments on record complacency, low volatility, etc publicized. Angeloff starts with pointing out what we noted over the weekend , namely that we have now recorded 335 days without a 5% or more pullback, […]
Crypto Showdown: Bitcoin Vs. U.S. Government
Bitcoin is hyperbolic again. The premier cryptocurrency just cracked the $6,000 price level. As I shared yesterday, we shouldn’t expect it to stop anytime soon, either. I’m projecting that $6,000 is nothing more than a speed bump on the way to $10,000. I hope by now you realize that we’re witnessing the biggest financial storyline […]
GBP/USD Daily Analysis – Wednesday, October 25
GBP/USD failed its attempts to breakout of 1.3228 resistance and pulled back to 1.3110 area, suggesting that the pair remains in the short term downtrend from 1.3337 and deeper decline towards the major support trend line on the daily chart would likely be seen in the coming days. Near term support is at 1.3087, below this level […]
Australian Inflation Remains Soft In 3Q; Rates Hike Unlikely
Australian inflation surprisingly slowed in the third quarter even with rising power prices. Consumer Price Index which measures inflation rate climbed 0.6 percent in the third quarter, according to the Australian Bureau of Statistics report released on Wednesday. On a yearly basis, consumer prices were up 1.8 percent, below the Reserve Bank of Australia’s 2 […]
Canada ETFs In Focus As Inflation Surges, Retail Sales Fall
Economic Data Canada’s consumer prices increased 1.6% year over year in September compared with 1.4% in August but came in below economists’ expectations of 1.7% increase. Thus, despite still being low, the inflation figure is inching toward Bank of Canada’s 2% target. Prices were up in six of the eight major components of the index. […]
UK Q3 GDP Beats With 0.4% Q/Q – GBP Rises
Some good news from the UK: the economy grew at a quarterly pace of 0.4% in the third quarter, beating expectations and the slow growth rate seen in the first half of the year. Year over year, the economy grew by 1.5%, also above forecasts. Will this cement the rate hike in next week’s all-important […]
Stocks To Trade: HUM, MTOR, MELI
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Humana (HUM) Long Meritor (MTOR) Short Jabil (JBL)
WTI Crude Oil And Natural Gas Forecast – Wednesday, October 25
WTI Crude Oil The WTI Crude Oil market initially fell during the trading session on Tuesday, reaching towards the 20 day exponential moving average. The market looks likely to try to break above the $53 level, and once we do, I believe it’s a buying opportunity. Once we clear $53, I think that the next […]
