Category Archive: Finance, No picture
Preview For September FOMC Meeting And Outlook For US Dollar
The US Dollar (via the DXY Index) has been moving sideways this week in the absence of any meaningful economic data. In the run up to the results of the Federal Reserve’s September 25-26 FOMC meeting, traders have seemingly forgotten about Brexit, emerging market contagion, and the US-China trade war – at least temporarily. As […]
EUR/USD Failed To Break 1.1780, Drop Towards 1.1632 Likely Now
Given that today’s Fed rate hike is firmly priced in, we expect FX markets to focus on the statement and the press conference by Fed Chair Jerome Powell. Even if the policy stance is no longer be called “accommodative”, we would not expect this change to trigger any strong USD buying. The market remains unconvinced […]
OPEC Is Ripping Us Off
President Donald Trump called out OPEC on the world stage and helped ease the explosive rally in oil. The President, in a speech before the United Nations, said “OPEC and OPEC nations, are, as usual, ripping off the rest of the world, and I don’t like it. Nobody should like it. We defend many of […]
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 […]
