Category Archive: Finance, No picture
E Markets: Singles
Today is singles day in China. The heralded event for internet sales has not lost its glitter even with the moving on of Alibaba’s Ma. As of midday, Alibaba had chalked up 149 billion yuan — $21.5 billion — in sales – with $1bn in the first minute, $10bn in the first hour, so with […]
Alibaba Generated $10b Of GMV In First Hour Of Global Shopping Festival
Early highlights of Alibaba’s 2018 Nov. 11 Global Shopping Festival include: $10B of total GMV settled through Alipay in 1 hour and 48 seconds; $1B of total GMV settled through Alipay in the first 1 minute and 25 seconds; and participation from more than 180,000 brands. The Nov. 11 shopping festival began in 2009 with […]
FX Week Ahead: Q3’18 Japanese GDP, October UK & US CPI, Aussie Jobs
Talking Points: The middle of the month promises continued attention on politics, but mainly outside of the US, the Brexit negotiations and the Italian debt saga. Q4’18 US growth expectations are starting to take shape, and the October US CPI and retail sales reports this week will offer insight. Retail traders remain mostly net-short the US […]
Forex Forecast And Cryptocurrencies Forecast For November 12-16
First, a review of last week’s events: EUR/USD Recall that, when giving the last week’s forecast, 60% of experts had expected the euro to grow to the zone 1.1480-1.1525, and turned out to be 100% right: by Wednesday November 7, the pair had risen to the height of 1.1500. The remaining 40% of analysts had suggested […]
AUDUSD Weekly Analysis – Sunday, Nov. 11
AUDUSD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 0.8135 had completed at 0.7020 already. A further rally would likely be seen after a minor consolidation and next target would be at 0.7400 area. Near term support is at 0.7180 and only a breakdown below this level […]
Weekly Economic And Political Timeline – Sunday, Nov. 11
This week is likely to see a little less activity compared to last week, with no real central bank input due for any major currencies. The most important data releases concern the U.S. Dollar and the British Pound. The market is likely to be most active on Wednesday and Thursday. Monday is a public holiday in the U.S.A. […]
Dow Jones’ Earnings Are At Record Highs
The Dow Jones saw some action this week. Wednesday, the day after the mid-term elections it advanced by 2.13% from its previous day’s closing price, our fourth day of extreme volatility since early October. Everyone was happy about the nice daily gain. But I’m only noting that days of extreme market volatility (Dow Jones 2% […]
Weekly Fundamental Forecast: As Political And Rate Decision Risks Ebb, Will Sentiment And Trade Wars Take Over?
The US mid-term elections and FOMC rate decision from this past week were noteworthy distractions for the markets, but they were not ultimately true course settings for the markets. The docket thins out next week, but open-ended themes from trade wars to Brexit to Italy’s budget can wrest back focus. Australian Dollar Forecast – Australian Dollar Can […]
Wanna Buy, Wanna Buy: Alibaba Singles’ Day Has Record $30.8 Billion Sales
Alibaba smashed its Singles Day sales record on Sunday with $30.8 billion in sales, over $1 billion in the first minute. Channel News Asia reports Alibaba Singles’ Day Tops US$30 Billion but Growth Rate Plunges. Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan (US$30.70 billion) in sales on Sunday during its […]
Oil Price Enters Bear Market Even As U.S. Crude Output Hits Record High
Fundamental Forecast for Crude Oil: Bearish CRUDE OIL TALKING POINTS Oil enters a bear market as the Organization of the Petroleum Exporting Countries (OPEC) shift gears to a ‘produce as much you can mode,’ and the current environment is likely to keep crude prices under pressure as the bearish momentum appears to be gathering pace. Oil prices have tumbled […]
