Category Archive: Finance, No picture
NZD/USD Forex Signal – Wednesday, Sept. 26
Yesterday’s signals produced a short trade from the breakdown of the double pin candlestick formation which rejected the resistance level at 0.6659, but this trade only produced the minimum 20 pips of profit. Today’s NZD/USD Signals Risk 0.75%. Trades may only be taken between 8am New York time and 5pm Tokyo time, during the next 24-hour […]
Consider These 3 MFS Mutual Funds For Sturdy Returns
Renowned global asset manager MFS aims to provide an array of financial products and services to fulfill the needs of investors as well as 10,000 investment professionals. Based on assets raised in the country or region, the company manages worth over $256 billion (as of Jun 30, 2018). The company has 1,700 employees dedicated to […]
Fed Set To Hike Rates Today As Inflation Expectations Rebound
The Federal Reserve is on track to lift interest rates at today’s policy announcement scheduled for 2:00 pm Eastern, according to Econoday.com’s consensus forecast. The projected hike coincides with rising inflation expectations in recent weeks, based on the yield spread for nominal less inflation-indexed Treasuries. Fed funds futures are in agreement with the crowd that […]
Morning Call For Wednesday, Sept. 26
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.21%) this morning are up +0.21% and European stocks are up +0.17% ahead of the conclusion of today’s FOMC meeting where the market is expecting a 25 bp rate hike in the fed funds rate target. The main focus will be the Fed’s updated projections for the economy […]
China To Cut Import Tariffs On Some Goods Starting November 1
China announced it would cut import tariffs on 1,585 items from November 1, China National Radio reports, citing a State Council meeting chaired by Premier Li Keqiang. The tariff cuts involve machinery, textile, building material, paper products, and electromechanical device and would lower costs for consumers and companies as a trade war with the U.S. […]
USD/CAD Daily Analysis – Wednesday, Sept. 26
USD/CAD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2884 could be treated as consolidation for the downtrend from 1.3226 and another fall towards 1.2800 is still possible after the consolidation. Only a clear break above the channel resistance could signal […]
$100 Oil Is A Distinct Possibility
An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, […]
Indian Indices End Marginally Lower; FMCG & IT Stocks Witness Losses
After opening the day on a positive note today, Indian share markets witnessed losses thereafter and ended their trading session marginally lower. Losses were largely seen in the FMCG sector and IT sector, while metal stocks ended the day higher. At the closing bell, the BSE Sensex stood lower by 110 points (down 0.3%) and the NSE Nifty closed lower by 13 points (down 0.1%). The BSE […]
The Andersons Do Grain, Ethanol, Rail, & Plant Nutrient Operations
This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer defensive sector. The defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & personal […]
Treasury Yield Curve And The Fed Rate Decision: Is The Federal Reserve Caught Between A Rock And A Hard Place?
The conventional wisdom among fixed income market seers is that the Federal Reserve will continue to tighten credit, raising the fed funds target rate multiple more times before they are finished! This is due to a stronger economy, inflation under control and unemployment at low levels suggesting full employment. This scenario presents the Fed with a […]
