Category Archive: Finance
Intel Upgraded To Overweight From Equal Weight At Barclays
Barclays analyst Blayne Curtis upgraded Intel (INTC) to Overweight citing better PC trends and a “compelling relative valuation.” The company is positioned to return to “sustainable growth” amid better computer trends and double-digit server growth, Curtis tells investors in a research note. He raised his price target for Intel shares to $45 from $38. The […]
Sterling Higher After Inflation Report
The UK’s Office for National Statistics reported earlier that inflation in the UK was at its highest level since November of 2016, rising to 1.0% in September from August’s 0.6% against expectations of a rise to 0.9%. Core inflation, which excludes fuel and food prices that are deemed volatile, also unexpectedly rose to 1.5% against […]
Global Stocks Rebound As Fed Fears Ease, Dollar Falls From 7 Month High
If yesterday’s session was dominated by concerns about Fed tightening and rising long-end rates, today fears about a hawkish Fed have subsided, and as a result European, Asian stocks and S&P futures all rose amid speculation Federal Reserve policy will remain accommodative after yesterday’s dovish comments by Fed vice-Chair Stan Fischer who offet Friday’s hawkishness […]
Dollar Slips Broadly But Not Deeply
The US dollar’s upside momentum eased yesterday in North America, and follow-through selling was seen in Asia and the European morning. The dollar is lower against nearly all the major and emerging market currencies. The yen is the chief exception, and only barely, as the greenback straddles the JPY104 area. Last week’s US retail sales and yesterday’s industrial […]
EUR: How To Trade A ‘Quite Dovish’ Draghi This Week? – BofA Merrill
The ECB convenes once again, and this time we could get some hints about action in December. Will the ECB expand or taper QE? Here is the preview from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Our base case is that the ECB will confirm that tapering “has not been […]
Gold Rises As U.S. Data Weaken Dollar
Gold prices ended Monday’s session up 0.27%, or $3.34, to settle at $1255.20 an ounce as the dollar weakened after industrial production and Empire State PMI data fell short of market forecasts. The XAU/USD pair has been bouncing roughly between the $1263 and $1249 levels for some time now and the pattern on the daily […]
How Well Off Are Typical Americans Today?
How well off are typical Americans today? That’s a difficult question to answer using conventional economic statistics like GDP, because over time, GDP has become an increasingly less representative measure of the quality of life that Americans enjoy. That discrepancy hasn’t gone unnoticed, as 61% of the respondents to a survey at Debate.org to the question “Is GDP growth a good […]
Assets To Watch This Week -10/17/2016
PM Theresa May Likely to Push for Single-Market Access in Brexit Deal Discussions around the June 23 Brexit have anything but subsided. The UK faces a dilemma: How to maintain single-market access without remaining part of the European Union? Brexiteers are more concerned with the UK managing its borders than anything else, and this is […]
NZD Soars On Strong Inflation, AUD Jumps On RBA Minutes
Stronger Than Expected NZ 3Q Inflation The release of 3Q Inflation data for New Zealand surprised markets last night with a stronger than expected print of 0.2% QoQ vs. 0% expected. Rate cut expectations continued to build ahead of the meeting with rates markets pricing around an 85% chance of the RBNZ easing at their […]
Dollar Drops From 7 Month Highs, Volatility To Pick Up From Today
Today inflation data for September is due out In the US and UK, where the trend is upwards in the short run for the US inflation and more stable for the UK economy. Yesterday, US economic data was weak, something that weakened also the Dollar and benefited especially commodity currencies. The week ahead is packed with important […]
