German GDP Q3 Beats With 0.8% Q/Q – EUR/USD Rises
The German locomotive is firing on on all engines. The economy of the largest economy grew by 0.8% q/q in the third quarter of 2017, significantly better than 0.6% predicted and an excellent number on its own. Year over year, growth is at 2.8% on the WDA and 2.3% on the NSA, both exceeding expectations. […]
The Alternate Timeline Where GE Finally Cut Its Dividend
On Monday, November 13, before the opening bell, General Electric (NYSE: GE) finally faced up to the reality that it wasn’t going to escape having to cut its dividend for the second time since the Great Depression. That made the company’s stock price action for the day very different from what the company experienced just a few weeks ago, on Friday, October […]
Chinese Stocks Slide As Economic Slowdown Accelerates
Being the first data following The National Congress, we are expecting little in the way of disappointment from China’s macro data. However, the slowdown in credit supply has been well telegraphed, and sure enough the data was not pretty with FAI growth at its weakest in 17 years, Retail Sales and Industrial Production both disappoint. Early indicators […]
China’s Factory Production Moderate Amid Credit Control
Chinese factory production cooled in October as the campaign for credit control deepened. Factory output rose 6.2 percent year-on-year in October, down from 6.6 percent recorded in September. While this showed steady growth in the world’s second-largest economy, it is below the 6.3 percent expected by most economists. “Today’s data look a little slower because […]
Global Markets Turn Cautious, IPO News & Cues To Watch Out Today
On Monday, share markets in India finished in red, marking a negative start to the week. The BSE Sensex closed lower by 281 points to end at 33,034 while the broader NSE Nifty ended the day lower by 97 points to close at 10,225. Among BSE sectoral indices, metal stocks fell the most by 1.9%, followed by consumer durables stocks 1.8%. Coal India and ONGC were among […]
EUR/USD Daily Analysis – Tuesday, November 14
EUR/USD is facing 1.1690 resistance. A breakout of this level will indicate that lengthier consolidation for the downtrend from 1.2092 (Sep 8 high) is underway, then a further rise towards the falling trend line on the 4-hour chart could be seen. On the downside, as long as 1.1690 resistance holds, the downside movement could be […]
AUD/USD Fights Back Amid Australian, Chinese Data
The Australian dollar had already slipped to the lowest levels since July. The general slide of commodity currencies and also with weak inflation looming on the Aussie. Yet from these lows, the Aussie is fighting back. One reason for the rise is the October Business Conditions figure. It jumped from 14 to 21 points. The confidence […]
GBP/USD Bearish Breakout Faces Bullish ABC Zigzag
GBP/USD 4 hour The GBP/USD pair broke above and below the local triangle pattern (dotted lines) but the major support (blue) and resistance (red) trend lines are still intact. A breakout is needed before a larger directional move can be expected. 1 hour The GBP/USD is probably expanding the correction via an ABC zigzag correction […]
E Market Briefing For Tuesday, Nov. 14
The market on Monday was fairly dull; recovering as outlined for the session; but with breadth and other aspects defensive. It’s on-hold just ahead of a decision on taxes mostly; with all the other buzzards sort of out there circling. Risk remains at a high level. Daily action – primarily saw a few Dow stocks […]
Can Retail Play “Base”?
Vintage is everywhere. Look at a stock like Etsy Inc. ETSY is an online shopping site that specializes in vintage items [among other things]. It reported last week. Sales, earnings per share and revenue were all up. From the nadir in March until the multi-month peak in early November, that stock merits watching this week. […]
