Category Archive: Finance, No picture
Six UK Government Ministers Quit Over Brexit: Pound Slammed, Deal In Doubt
After digging into the 585-page Brexit document, Theresa May’s ministers came to the right conclusion: The deal stinks. The Wall Street Journal reports U.K.’s Brexit Deal in Jeopardy as Senior Ministers Resign. Six government ministers, including Brexit Secretary Dominic Raab, one of the architects of the deal, quit Thursday as the prime minister faced a barrage of […]
Mortgage Applications The Lowest Since February 2017
Mortgage Applications – More Weakness In MBA Applications The housing market weakened this summer. Home price growth is going to fall in the next few months. Affordability is a problem in many cities. The latest housing data comes from the MBA mortgage applications index. This composite index was down 3.2% week over year in the […]
Inflation: An X-Ray View Of The Components – Thursday, Nov. 15
Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation. We can make some inferences about how […]
Stagflation, Here We Come
What I’ve learned at the Federal Reserve is a new language which is called “Fed speak.” You soon learn to mumble with great incoherence. – Former Federal Reserve chairman Alan Greenspan DUBLIN – Alan Greenspan is alive and well. Aged 92, he was on TV yesterday telling viewers that “unless they get control of the […]
Import Prices Rise 0.5%, Export Prices 0.4% As Petroleum Once Again In Play
Import prices rose in October due to a jump in petroleum prices that won’t last. The BLS report on Import and Export Prices for October shows prices rose on the backs of a gain in energy that won’t last. Import Prices Imports Import prices advanced 0.5 percent in October, the largest monthly increase since a 0.9-percent rise […]
Gold Price Outlook: Recovery Testing Resistance At Prior Support
Gold rebounded from technical support this week with the rally now testing a critical inflection zone in price. These are the updated targets and invalidation levels that matter on the XAU/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. GOLD DAILY PRICE CHART (XAU/USD) Technical Outlook: In our latest Gold Weekly Technical Outlook we stated that “Put […]
S&P 500: Fears Over “Peak Growth” Abound
Brexit developments continue to draw all the headlines, with my colleague Fawad Razaqzada characterizing today’s cabinet resignations as a disaster for PM May. While the updates from the UK continue to come in hot and heavy, we’re aware that some readers may be suffering from “Brexit fatigue”; thankfully, there are plenty of other market opportunities to highlight, […]
Is FireEye On Facebook’s Radar?
According to a Mordor Intelligence report published recently, the mobile Anti-Malware market was estimated at $3.42 billion in 2017. It is estimated to grow 18% annually over the next five years to $9.2 billion by 2023. Recently, anti-malware focused player FireEye (Nasdaq: FEYE), reported its third-quarter results, which surpassed market expectations. FireEye’s Financials FireEye had done […]
Oil Price RSI Holds In Oversold Territory Even As UAE Vows To Cut Output
Oil prices have finally recovered from a record losing-streak as United Arab Emirates Energy Minister Suhail Al Mazrouei vows to ‘to cut production to keep the market balanced,’ but there seems to be a broader shift in trading behavior, with energy prices vulnerable to further losses as long as the Relative Strength Index (RSI) holds in oversold territory. OIL PRICE RSI […]
Philly Fed Manufacturing Index: Growth Slowed In November
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
