Softening U.S. CPI, Retail Sales To Thwart EUR/USD H&S Formation
– U.S. Consumer Price Index (CPI) to Narrow to Annualized 2.0% from 2.2% in September. – Core Rate of Inflation to Hold Steady at 1.7% per Annum for Six Consecutive Months. – U.S. Retail Sales to Hold Flat After Expanding 1.6% in September. Trading the News: U.S. Consumer Price Index (CPI) A downtick in the U.S. Consumer Price […]
Gold Prices Rise As Dollar, Equities Slide
Gold prices ended Tuesday’s session up $2.02 as weakness in the U.S. dollar and pullbacks in major stock markets helped boost investor appetite for the precious metal. XAU/USD initially fell yesterday but bounced up nicely from the anticipated support level at $1271 and reached the $1283.50 level. Prices are stalling just below this area as […]
Sensex Opens In Red; Sun Pharma Falls 1.8% On Weak Q2 Result
Asian stock markets are lower today after weaker crude oil prices and doubts about US tax reforms took a toll on Wall Street. The Shanghai Composite is off 0.73% while the Hang Seng is down 0.70%. The Nikkei 225 is not down 0.93%. Meanwhile, Indian share markets too have opened the day in red. BSE-Sensex is trading lower by 69 […]
What Central Banks Have Done Is What They’re Actually Good At
As a natural progression from the analysis of one historical bond “bubble” to the latest, it’s statements like the one below that ironically help it continue. One primary manifestation of low Treasury rates is the deepening mistrust constantly fomented in markets by the media equivalent of the one historical bond “bubble”. That narrative “has ruffled a few feathers,” […]
GBP/USD Daily Analysis – Wednesday, November 15
GBP/USD failed to break below 1.3027 support once again and stays in the trading range between 1.3027 and 1.3337. Sideways movement in the range can be expected to continue in a couple of days. Near term resistance is at 1.3229. A break of this level could trigger another rise towards 1.3337. Above this level would […]
GBP/USD: Can’t Fade Brexit Headlines Just Yet; 1.28 Coming? – TD
The pound is trading at the 1.31 handle, relatively lower in the wider range. What’s next? The team at TD focuses on Brexit woes and sees some potential to the downside. Here is their view, courtesy of eFXnews: TD FX Strategy Research discusses GBP Outlook in light of the recent Brexit headlines which continue to […]
China 10Y Bond Yield Breaks Above 4% “Mental Line Of Defense”
Following dismal economic data, China’s 10Y bond yield pushed above 4.00% for the first time since October 2014… As China’s intentional credit slowdown strikes.,, Additionally, China’s yield curve has been inverted for a record 22 days and analysts are warning it is likely to get worse – at least until Chinese authorities are forced to step back in. Bloomberg provides […]
EUR/USD Breaks Channel Resistance With Bullish Wave-3 Momentum
EUR/USD 4 hour EUR/USD broke the resistance trend line (dotted red) of the bearish trend channel with strong momentum. This is indicating that the downtrend is completed and more upside is likely. The bullish price action indicates that the wave 4 (light purple) is completed and price is expected to continue within the wave 5. […]
Berkshire Takes New Position In Bank Of America, Lowers Stake In IBM
Warren Buffett’s Berkshire Hathaway disclosed in an SEC filing its holdings as of September 30. Berkshire Hathaway’s one new buy during the third quarter was Bank of America (BAC). Berkshire Hathaway exited one position during the quarter, Wabco (WBC). Berkshire Hathaway increased its stake in three holdings, including by size of previous position, Apple (AAPL), […]
Indian Indices Trade Weak, Inflation Quickens In October, And Top Stocks In Action
On Tuesday, share markets in India opened flat and traded volatile throughout the day and ended the day deep in red. The BSE Sensex closed lower by 92 points to end below 33,000 levels at 32,942 while the broader NSE Nifty ended the day lower by 38 points to close at 10,187. Among BSE sectoral indices, capital goods index fell the most by […]
