Category Archive: Finance
Crude Oil Declines Despite Harvey & Falling Inventories
The main question everyone asks nowadays is why are crude oil prices falling? Many traders are asking the same question over and over again, and so far, there is no logical answer for such question. If you are reading this article and you are asking it too, you might get the right answer, even if […]
The Death Of Cash – New Tech To Revolutionize The Payments Industry (SPONSORED POST)
This article was removed at the author’s request.
Bull Of The Day: China Lodging Group
China Lodging Group, Limited (HTHT – Free Report) is cashing in on the growing Chinese middle class that wants to travel. This Zacks Rank #1 (Strong Buy) is expected to see revenue grow in the double digits in 2017. China Lodging operates and franchises 3,541 hotels, or 359,530 rooms, in 369 cities in China. It’s a mid-cap company […]
First Look At August: ADP Says 237K New Nonfarm Private Jobs
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the ADP August estimate of 237K new nonfarm private employment jobs, […]
Sterling’s Weak Outlook Weighs Heavily
With only brief positive incursions, the Pound Sterling continued its slide versus the Euro as the ongoing negotiations for a Brexit agreement sideline potential investors. On Tuesday, the Pound had fallen to a 10-year trough against the common currency and was only able to recover a portion of lost ground in today’s trading. This month […]
‘Unless There Is A War’ There Is No Stopping The Yuan Train
Ok, dammit. There is apparently no stopping the yuan. Back in late May/early June, the PBoC engineered an epic short squeeze. That effort included the introduction of an absurdly opaque “counter-cyclical adjustment factor” that, attempts to spin it notwithstanding, amounted to a partial rollback of the liberalization push instituted in August 2015. The short squeeze […]
The 10-Year Treasury Yield Dips To Lowest Level This Year
Demand for safe-haven Treasuries kicked into high gear yesterday, which cut the benchmark 10-year Treasury yield down to its lowest level in nearly ten months. What’s driving this key rate down? A combination of factors, ranging from renewed market jitters over the latest missile test by North Korea to concerns that Hurricane Harvey will take […]
German HICP Beats Expectations With 1.8% Y/Y – EUR/USD Still Struggles
A slightly stronger level of inflation, at least in the European standard “Harmonized” version, HICP. Prices rose by 0.2% m/m and 1.8% y/y, another acceleration that will push euro-zone inflation higher. Price rises stood at 1.5% y/y beforehand in the HICP and 1.7% in the national level. So, the euro-zone inflation level could be higher […]
Morning Call For Wednesday, August 30
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.08%) this morning are up +0.09% and European stocks are up +0.38% as they followed Asian markets higher after tensions surrounding North Korea eased. European stocks also received a lift after Eurozone Aug economic confidence rose more than expected to a 10-year high. Overall stock gains were muted […]
EUR/USD Remains Vulnerable To The Downside On Price Rejection
EUR/USD: With the pair backing off higher prices on Tuesday, weaken further on Wednesday, more decline is likely in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will […]
