EUR/USD Outlook Hinges On Updated ECB Forecast, QE Program Deadline
Video length: 00:26:37 Trading the News: European Central Bank (ECB) Interest Rate Decision The initial reaction to the European Central Bank (ECB) interest rate decision may be limited as President Mario Draghi and Co. preserve the zero-interest rate policy (ZIRP), but the fresh updates coming out of the central bank may drag on EUR/USD if the Governing Council merely attempts […]
E The Bank Of Canada Gives A Mixed Message With Its Recent Rate Hike
It is not by change that economists were divided as to whether the Bank of Canada would hike its policy rate, and for good reason. While the Bank, indeed, did raise the overnight rate by a ¼ of point to 1% today, the accompanying statement was similar to that of the proverbial“ two-handed economist”. Initially, […]
Is The High Cost Of Housing Crushing Wages?
A provocative essay, Don’t Blame the Robots, makes the bold claim that “Housing Prices and Market Power Explain Wage Stagnation.” (Foreign Affairs) In other words, the stagnation of the bottom 95% of wages isn’t caused by automation or offshoring, but by the crushingly high cost of housing: “Yet recent academic work in macroeconomics suggests that current wage […]
WTI Crude Oil And Natural Gas Forecast – Thursday, August 7
WTI Crude Oil The WTI Crude Oil market rallied during the day on Wednesday, as we continue to reach towards the $50 level above. The $50 level above of course has a certain amount of psychological importance, and I think that the sellers may return in that area. We will have to see what happens […]
Indian Indices Trade Marginally Higher, Realty Stocks Witness Buying
Stock markets in India are presently trading near the dotted line with positive bias. Sectoral indices are trading on a mixed note with stocks in the healthcare sector and realty sector witnessing maximum buying interest. Oil & gas stocks are trading in the red. The BSE Sensex is trading up 28 points (up 0.1%) and the NSE Nifty is trading up 17 points (up 0.1%). The BSE […]
ECB Preview: A Trapped Mario Draghi Makes A Decision
After a barrage of media trial balloons (as recently as today) meant to temper the enthusiasm of Euro bulls now that the EURUSD is back to 1.20 and threatening European corporate profitability, Mario Draghi’s Sintra hawkishness is a distant memory. And so, with the ECB’s policy decision only hours from now, a “trapped” Mario Draghi finds […]
Why Bitcoin Will Crash – Law Of Conservation Of Energy
Written by Brad Parkes Let me walk you through my Bitcoin crash logic. I promise it has nothing to do with this chart. Please share this article – Go to very top of page, right hand side, for social media buttons. Nor does it have anything to do with a MMA fighter demanding payment in Bitcoin (remember Giselle with Euros or […]
Euro May Fall As ECB Disappoints Hopes For QE Taper Signal
All eyes are on an ECB monetary policy announcement in European trading hours. Expectant traders are keen to see if the President Mario Draghi and company will use the occasion to begin the process of “tapering” QE asset purchases or at least set the stage for doing so in the months ahead. The absence of such guidance […]
Gold: The Anatomy Of The Bottoming Process
Tonight I would like to show you some short and long term charts for some of the PM stock indexes. In the very short term they have had a good run and are getting overbought and need to work off some of the bullishness. This is perfectly normal and should be expected. What we need […]
USDCAD Daily Analysis – Thursday, Sept. 7
USDCAD dropped sharply to as low as 1.2146. Near-term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.2662 could be expected to continue and next target would be at 1.2050 area. Only a clear break above the trend line resistance […]
