German Manufacturing PMI Beats With 60.5 – EUR/USD Unimpressed
The German powerhouse rages on, with Markit’s manufacturing PMI still pointing to strong growth: 60.5 points, slightly above expectations. The services PMI is a bit lower: 55.2, yet manufacturing carries more weight. EUR/USD stabilizes in the narrow range. Markit’s preliminary German manufacturing PMI for October was expected to tick down from 60.6 to 60.2 points. […]
Crude Oil Prices Struggle As Trump Trade Optimism Loses Steam
Crude oil prices continued to move in lockstep with broader risk appetite trends, with a gap higher at the weekly trading open failing to find follow-through as sentiment soured. The S&P 500 stock index traded lower and the WTI benchmark followed. Investors might have rethought Friday’s exuberance. That was driven by hopes that a Senate budget resolution would pave […]
To Whom Does The U.S. Government Owe Money Through FY2017?
The U.S. government’s 2017 fiscal year officially ended on 30 September 2017. From the end of its 2016 fiscal year (FY2016) a year earlier, the total public debt outstanding of the U.S. government increased by $671.5 billion, rising from $19,573 billion (or $19.6 trillion) to $20,245 billion (or $20.2 trillion) during FY2017. The following chart shows the major breakdown […]
Crude Oil – Major Resistances Hold
On Friday, crude oil bounced off session’s low and closed the previous week slightly below $52. Did it change anything in the short term? Crude Oil’s Technical Picture Although crude oil moved a bit higher in the previous week, the overall situation in the medium term hasn’t changed much as the commodity remains not only […]
Oil Prices Firm Slightly
Oil prices were higher on Tuesday, bolstered by a drop in exports from Iraq, OPEC’s second-biggest producer, and an anticipated decline in U.S. commercial oil stocks. Iraqi oil exports have decreased by more than 200,000 barrels per day in October while crude oil exports through Iraqi Kurdistan pipeline to the Turkish port of Ceyhan increased […]
GBP/USD Daily Analysis –Tuesday, October 24
GBP/USD is facing resistance at 1.3228. Above this level will indicate that the downside movement from 1.3337 had completed at 1.3087 already. Then a further rally can be seen and the next target would be at 1.3337 resistance. However, as long as the1.3228 resistance holds, the downtrend from 1.3337 could be expected to continue and […]
Stocks To Trade: VEEV, ILG, JBL
Tuesday’s stock picks Long Veeva Systems (VEEV) Long ILG (ILG) Short Jabil (JBL)
What To Watch In Eli Lilly Earnings Report
Eli Lilly (LLY) is scheduled to report results of its third fiscal quarter before the market open on Tuesday, October 24, with a conference call scheduled for 9:00 am EDT. What to watch for: 1. COMPANY RAISES EPS, REVENUE GROWTH VIEW: Along with its second quarter report, the drug giant raised its 2017 EPS view […]
GBP/USD: Trading The First Release Of Q3 GDP – A Downside Surprise?
The UK publishes its first estimate for GDP growth on Wednesday, October 25th at 8:30 GMT. There are good reasons to believe it will trigger high volatility, and there is room for a surprise to the downside. Here is a preview for the event with GBP/USD. The British economy grew by a very stable yet not-so-strong […]
ETF Watchlist: Week Of October 23, 2017
The financial markets marked the 30-year anniversary of single largest one-day decline in stock market history this past week. The October 19th, 1987 crash, known as Black Monday, lopped more than 500 off the Dow or a loss of more than 22% on the day (here’s a video of some of financial news programs reporting as the […]
