FOMC Fears Pushes Gold Up, ECB Pressuring Euro
During yesterday’s FOMC meeting concerns were aired regarding growth of inflation, raising suspicions that they may keep interest rates unchanged until the end of the year. Although most analysts assumed that the US was poised for a third interest rate hike in 2017. This fear seemed to resonate into the markets causing gold to recover […]
3 Hot Stocks That Can Jump This Black Friday
Black Friday is one of the world’s largest shopping bonanzas. In 2016, shoppers spent $1.9 billion online on Thanksgiving Day and another $3.3 billion on Friday, according to Adobe. And this holiday looks set to be even bigger. Consumers plan to spend an average of $743 from Black Friday through Cyber Monday this year. This is up […]
Trends In The Distribution Of Household Income
from the Congressional Budget Office Using CBO’s new distributional framework and improved estimates of income from means-tested transfers, this presentation examines the distribution of household income and how means-tested transfers and federal taxes affect that distribution. The presentation shows cross-sectional results for 2013 and then examines trends in income, means-tested transfers, and federal taxes from […]
Hasbro Up 5.9% Since Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Hasbro, Inc. (HAS – Free Report). Shares have added about 5.9% in that time frame, outperforming the market. Will the recent positive trend continue leading up to the stock’s next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have […]
UK Construction Sector In Recession – GBP/USD Is Stuck
Pound/dollar is trading above 1.33, closer to the upper end of the 1.3030 to 1.3320 range that characterizes it during long weeks. However, the driver is the weakness of the dollar. The meeting minutes by the FOMC revealed that a few members “oppose” a rate hike and many are becoming more concerned about the absence of inflation. […]
Crude Oil – Thursday, November 23
Well-supported bullish trend gaining momentum. Source: INVESTING.com
The FOMC Protocols Hit The Dollar
During yesterday’s trading, the US dollar sharply weakened against the basket of world currencies. The dollar index (#DX) closed the trading session in the negative zone (-0.78%). The FOMC protocols indicated that most officials expect stable economic growth. The increase in the range of the Fed’s key interest rate may be justified in the near […]
Data Is The New Currency
There’s a constant buzz about disruption, which kind of sounds like destruction to me. We have to realize that no one is going to destruct or even possibly disrupt banks. No one. It has not happened in my lifetime of working with technology in banks, and I don’t think it will happen in the next […]
GBP/USD Challenges 1.33 Resistance Of Consolidation Zone
GBP/USD 4 hour The GBP/USD bullish channel (red/green) has reached the top of the channel (orange) and the resistance of the sideways range (red). A breakout above the resistance could indicate a new uptrend whereas a bearish bounce could see price fall back to the bottom of the channel. 1 hour The GBP/USD has reached […]
Chinese Stocks Plummet: Shanghai Tumbles Most In 17 Months As Bond Rout Spreads
The euphoria from the year-end melt up in Europe and the US failed to inspire Chinese traders, and overnight China markets suffered sharp losses, with the Shanghai Composite plunging 2.3%, its biggest one day drop since June 2016, over growing fears that the local bond rout is getting out of control. Both the tech-heavy Chinext […]
