Category Archive: Finance
FX COT Update: Sterling Selling Pressure Resurfaces
EUR/USD Non-Commercials increased their net long positions in the Euro last week buying 9k contracts to take the total position to 88k contracts. While slightly down from recent highs, the EUR long position is being rebuilt heading into September as investors continue to anticipate a more aggressive winding down of QE by the ECB, to […]
Across-The-Board Gains For Major Asset Classes Last Week
Global markets posted gains in every broad category last week, based on a set of exchange-traded products. Leading the field higher: stocks in emerging markets, closely followed US real estate investment trusts (REITs). Vanguard FTSE Emerging Markets (VWO) topped the winners list for the second straight week. The ETF’s 2.7% gain lifted the fund to its highest […]
Amazon Slashes Whole Foods Prices As Much As 43%, Channel Checks Reveal
Following up on last week’s story that sent grocery – and Wal-mart – stocks tumbling, when Amazon announced it would cut Whole Foods prices as soon as Monday, Bloomberg reports that according to channel checks, “Amazon spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market” by as much […]
GBP/USD Rides Higher On Soft Brexit, Unconvincing Fed
Is the UK getting closer to a softer Brexit? The government has already “climbed down” from a firm objection to having foreign courts making judgements on British matters. “Blurring the red lines” by the government has now been compounded with an end to ambiguity by the opposition. The Labour Party announced it is ending its […]
WTI Crude Oil And Natural Gas Forecast – Monday, August 28
WTI Crude Oil The WTI Crude Oil market had a very quiet session on Friday as the world waited to see what would happen with the hurricane in Texas. Because of this, I think that the next couple of sessions could be rather choppy, but I think that the $50 level above will offer resistance. […]
Monday, August 28 Outlook
We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. This week starts off sluggish with significant economic event releases but heats up as it heads towards the second part with important GDP figures from the US and inflation from the EU. Friday is Nonfarm Payrolls and that […]
Orbex Market Insights – August 28
In this week’s market update, we take a look at the most important event that moved the markets at the end of last week. Jackson Hole meetings finally moved the markets after a boring few days, led by some central bankers’ remarks, including the Chair Yellen and Mario Draghi, who both took a different approach. […]
Futures Flat As Gasoline Soars On Harvey Devastation, Rising Euro Sends European Stocks Lower
With billions in economic losses and unknown supply chain shocks to come following devastating and historic flooding in Texas, S&P futures are virtually unchanged (down less than 0.1% at time of writing) while European and Asian shares are modestly lower as oil was little changed. As reported yesterday, gasoline futures surged as the greater impact […]
Euro Granted More Breathing Room For Gains, For Now
Fundamental Forecast for EUR/USD: Neutral – ECB President Draghi’s speech at Jackson Hole didn’t explicitly do anything to promote a stronger Euro, but it certainly do anything to dissuade it either. – Upcoming August Euro-Zone CPI data will show that price pressures have stabilized, after turning lower through the second quarter. – Net-short EUR/USD positions have surged among retail […]
Forex Week In Review – Monday, August 28
Last week was another mixed affair for the world’s major markets with US markets and the FTSE making gains. Friday marked the final trading session for August for the purposes of these reports and only the gold price showed a gain over the month. In Europe over the course of the week, the FTSE was […]
