Is The Fed Tightening More Than It Realizes?
Benn Steil, Director of International Economics at the Council on Foreign Relations, and CFR Analyst Benjamin Della Rocca suggest that the Fed’s “unwinding ” of its balance sheet is providing a greater monetary tightening than many realize. Last month the Fed began a gradual reduction of the balance sheet. Each month $10 billion in maturing […]
EUR/USD: Daily Pin Bar Model Suggests A Decline Ahead
Previous: On Wednesday the 15th of November, trading on the euro/dollar pair closed down to form a pin bar or shooting start model on the daily timeframe. The euro opened up in the European session. In the space of three hours, the rate jumped 68 pips to 1.1853. After the publication of US data, buyers shifted […]
Sensex Extend Gains; Tata Motors & Infosys Among Top Gainers
After opening the trading day in green, share markets in India continue to trade firm in the morning trade amid firm Asian markets. Barring realty sector and metal sector, sectoral indices are trading on a positive note, with stocks in the energy sector and stocks in the capital goods sector witnessing maximum buying interest. The BSE Sensex is up by 202 points and the NSE Nifty is trading […]
EU Commission Autumn Forecasts Upbeat
The European Union Commission released its autumn economic forecasts last week. As widely expected, based on the recent trends in the economy and the receding political risks, the euro area economy is expected to continue maintaining its bullish momentum. Regional growth and inflation figures were also significantly higher which is expected to push the […]
USDCAD Daily Analysis – Thursday, Nov. 16
USDCAD extended its short-term uptrend from 1.2666 to as high as 1.2789, facing a resistance level at 1.2819. A breakout of this level could take price to next resistance level at 1.2916, followed by 1.3100. Near-term support is at the rising trend line on the 4-hour chart, only a breakdown below the trend line could […]
Is A Beat In The Cards For Burlington (BURL) In Q3 Earnings?
Burlington Stores, Inc. (BURL – Free Report) , a retailer of branded apparel products, is slated to report third-quarter fiscal 2017 results on Nov 21. Last quarter, the company’s earnings surpassed the Zacks Consensus Estimate by a margin of 44%. Notably, the company’s earnings beat estimates in three of the last four quarters by an average of 17.7%. […]
AUD/USD: Mixed Jobs Report, Mixed Reaction
The Australian economy gained only 3.7K jobs in October, significantly below the 18.9K that was expected. On the other hand, the previous figure was revised up from 19.8K to 26.6K, softening the blow. The unemployment rate fell to 5.4%, beating expectations and standing at the lowest since February 2013, the best in over four and […]
The US Dollar Recovered Some Of The Losses; Demand Remains
Yesterday’s trades were very active. The main currency pairs showed a variety of trends. The dollar index kept the current levels. Economic reports from the US were mixed. In October, the growth in retail sales slowed to 0.2% compared with the previous value of 1.9%. At the same time, the indicator exceeded market expectations at […]
Central Bank Group Think: Convince The Public More Inflation Is Coming
Chicago Fed chief Charles Evans is worried about the lack of inflation primarily because he is clueless about where to find it. As further proof of his economic illiteracy, Evans says “Low inflation expectations keep inflation down”. Bloomberg reports Evans Says Fed Must Convince Public It Will Allow More Inflation. The Federal Reserve should take a […]
