EUR/USD Revisits Support After ECB Reduces, Extends QE
This morning’s ECB rate decision was without significant fanfare. This comes despite the excitement that was seemingly building throughout much of the year as market participants prepared to finally hear how the European Central Bank might move away from their gargantuan stimulus program. As growth and inflation have begun to show with more stability throughout the […]
Saudi Prince Greenlights Aramco IPO
The Saudi Arabian oil industry was in the spotlight on Thursday for more than its hard line on production cuts, as the country’s Crown Prince Mohammad bin Salman told Reuters that the country’s national oil giant is on target for an initial public offering sometime next year. The company could be valued at over $2 […]
Stocks To Trade: MYL, HFC, MRO
Take a look at three trading ideas to prep you for the next trading session. Long Mylan (MYL) Long HollyFrontier (HFC) Short Marathon Oil (MRO)
Yes, I’ll Have The ‘Taper’ But Is It Possible To Ask The Chef To Leave Off The ‘Tantrum’?
Barring some kind of truly epic screw up at the presser, it does indeed appear that Mario Draghi managed to thread the proverbial needle. The ECB will pare asset purchases starting in January and the “well past” language in the forward guidance on rates effectively means a hike is off the table until 2019, if you go […]
ECB Leaves Rate Unchanged At Zero Percent
The European Central Bank on Thursday left interest rates unchanged at 0.00 percent record low. According to the Governing Council, key interest rates are expected to remain at current levels for an extended period and well past the horizon of the net asset purchases. However, the apex bank announced it would cut down on its […]
Ford Motor Company Q3 2017 Earnings Boost Stock
Ford Motor Company (NYSE:F) Q3 2017 earnings were released before opening bell this morning. The automaker reported adjusted earnings of 43 cents per share on $36.5 billion in sales. Analysts had been expecting earnings of 33 cents per share on $32.9 billion in revenue. In last year’s third quarter, Ford reported $35.9 billion in sales […]
Recent Trends In Prices For U.S. New Home Sales
There have been three main trends in median new home sale prices since July 2012. The following chart updates where we are through September 2017. For the most recent trend, which began two years ago in September 2015, the trailing twelve month average of median new home sale prices in the U.S. has been escalating […]
Gold Will Be Safe Haven Again In Looming EU Crisis
– Gold will be safe haven again in looming EU crisis – EU crisis is no longer just about debt but about political discontent – EU officials refuse to acknowledge changing face of politics across the union – Catalonia shows measures governments will use to maintain control – EU currently holds control over banks accounts and […]
ECB Announces Dovish €30 Billion QE Taper Through September 2018 “Or Beyond”; Euro Tumbles
While the ECB kept all of its three key rates unchanged as expected, and also kept the pace of QE at €60 billion until the end of the year, confirming the numerous trial balloons over the past month, the ECB announced that it would cut the rate of QE in half, to €30 billion “from […]
Weekly Unemployment Claims: Up 10K, Better Than Forecast
Here is the opening statement from the Department of Labor: In the week ending October 21, the advance figure for seasonally adjusted initial claims was 233,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 239,500, […]
