Category Archive: Finance, No picture
FX Daily: Waiting For The Fed Pushback
Image Source: Unsplash FX markets are consolidating after a few risk-on days. We have seen some strange price action on the back of the RBA’s 25bp hike and some mixed Chinese data. For today, it looks like a relatively quiet session, although the focus will be on how aggressively the line-up of Fed speakers wants to […]
OPEC+ Countries Will Maintain Crude Oil Production Cuts Until The End Of The Year
Image Source: Unsplash At Monday’s stock market close, the Dow Jones Index (US30) added 0.10%, while the S&P 500 Index (US500) increased by 0.18%. The Nasdaq Technology Index (US100) closed positive by 0.30% on Monday. Stocks rose on Monday on the back of positive developments from last Friday, when a weaker-than-expected October US jobs report and October ISM services report showed a […]
New Home Prices Falling Slowly, Still Fully Unaffordable
New home prices are trending downward. They’re falling, but they are falling very slowly.But because mortgage rates have been rising, they’ve become fully unaffordable for the typical American household. The average 30-year conventional fixed-rate mortgage now has an interest rate approaching 8%. Mortgage rates have doubled since 2019.What does doubling the average mortgage rate do to the […]
Slightly Smaller US Corn & Soybean Crops Dip Ending Stocks This Month
Photo by Meredith Petrick on Unsplash Market AnalysisAfter declining US corn & soybean monthly yields since Aug for the 2nd year in a row, the trade is expecting stability to a slight increase in 2023’s November Thursday report. This year’s erratic US growing season began when Central US dryness advanced into late June before moderate […]
Crude Oil Futures: Extra Retracements In Store
Image Source: UnsplashOpen interest in crude oil futures markets dropped by around 1.4K contracts on Monday, extending the erratic performance seen as of late according to preliminary readings from CME Group. Volume followed suit and went down by nearly 313K contracts after five consecutive daily builds.WTI: Next on the downside comes $78.00WTI prices rose marginally and closed […]
Berkshire Hathaway Got A Big Boost From This Business In Q3
Image Source: UnsplashBerkshire Hathaway (BRK-A) (BRK-B), the conglomerate run by Warren Buffett, was trading lower on Monday, down about 2% as of 2:30 p.m. Eastern.The drop likely stemmed from the release of the company’s third-quarter earnings on Saturday (yes, Saturday), when it posted a net loss of $12.8 billion, or $5.88 per share.However, if you look […]
Asia Morning Bites For Tuesday, November 7
Image Source: UnsplashGlobal Macro and Markets Global markets: US Treasury yields continued to bounce back yesterday. 2Y yields rose 9.6bp, but remain below 5% at 4.934%, while 10Y yields rose 7.1bp to 4.643%. FX markets have only slightly readjusted to the higher yields, and EURUSD remains more or less unchanged at 1.0720. The AUD has lost a […]
Labor Shortage Hits US Coast Guard, Forces Reduction In Active Fleet Of Cutters
Image Source: UnsplashAs the Irasel-Hamas war rages on and threatens to erupt into a regional conflict across the Middle East, the US military faces problems meeting recruitment goals. The shortfall is on full display within the US Coast Guard, which lacks 3,500 service members, approximately 10% of its enlisted workforce, according to Forbes. Vice Commandant Adm. Steven Poulin […]
These 3 Stocks Popped Following Quarterly Results
Image Source: UnsplashEarnings season continues its rapid pace this week, as we’ve got another full slate of companies scheduled to report. So far, we’ve seen many positive surprises, helping to keep sentiment in check amid a recent FOMC announcement and other economic data readings.Concerning positive surprises, the shares of three companies – Shopify (SHOP), Roku (ROKU), […]
Why Are Online Banking Services Suddenly Being Disrupted On A Massive Scale All Over The United States?
Image Source: UnsplashShould we be concerned about all of the problems that are suddenly erupting at our banks? U.S. banks have been shutting down hundreds of branches, they have been laying off hundreds of branches, and as I discussed yesterday vast numbers of customer accounts are being unceremoniously shut down without any warning whatsoever. If all of that wasn’t bad […]
