Mideast Turmoil: Follow The Oil, Follow The Money
In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase is to follow the oil, follow the money. Correspondent B.D. […]
On The Fly: Top Stock Stories From Monday, Nov. 13
Stocks opened lower as concerns continue on how tax reform plans will move forward in the Senate and House. The President believes a plan can be voted on by Thanksgiving, but that deadline is rapidly approaching with the two sides still apart in some of the key elements of their respective proposals. The averages saw […]
Gold Edges Up As Dollar Weakens
Gold prices ended Monday slightly higher after a quiet session. XAU/USD reached the $1280.30-$1279.60 area, the confluence of the Tenkan-sen (nine-period moving average, red line) and the Kijun-sen (twenty six-period moving average, green line) on the 4-hourly chart, but was unable to break through. Consequently, prices retreated to Ichimoku cloud in Asian trade. The short-term […]
Sensex Opens Marginally Higher; Bharti Infratel Plunges 2.3%
Asian stock markets are lower in morning trade as shares in China fall. The Shanghai Composite is off 0.45% while the Hang Seng is down 0.1%. The Nikkei 225 is trading up by 0.27%. Overnight, the US markets closed slightly higher. Meanwhile, Indian share markets have opened the day marginally higher. BSE Sensex is trading higher by 61 points and NSE Nifty is trading higher by […]
Riksbank Stays Neutral. QE Extension Unlikely: Meeting Minutes
Riksbank meeting minutes from October released; Minutes show a cautious stand from the central bank as QE purchases likely to end in December 2017. Summary: Riksbank releases meeting minutes from the October 26 policy meeting Rate hike expectations still a far way off Riksbank could end QE as the current course of bond purchases […]
Gold Prices Look To Fate Of US Tax Cuts For Direction, Yellen To Speak
Gold prices struggled to find lasting direction, with prices marking time within a now-familiar consolidation range. Speculation about the expected path of Fed monetary policy in 2018 continues to be pivotal. That keeps the prospects for US tax reform – which markets expect will boost inflation and force the FOMC to tighten faster – squarely in the spotlight. An upcoming speech […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, Nov. 14
S&P 500 The S&P 500 fell during the trading session on Monday, breaking below the 2575 level early in the day. However, we turned around to form a hammer and it suggests that we are going to continue to try to reach the 2600 level, if not break above it. This is a very bullish […]
Stocks To Trade: IGT, TWTR, AXL
Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Twitter (TWTR) Long International Game Tech (IGT) Short American Axle & Manufacturing (AXL)
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 […]
