Stocks Trade Lower To Start Week
Stocks Trade Lower to Start Week U.S. stocks finished Monday’s trading session lower ahead of a heavy dose of earnings and economic data set to be released this week. Treasury yields dipped and the U.S. dollar ticked higher. Crude oil prices diverged and gold was little changed. In equity news, Hasbro reported disappointing Q4 guidance […]
AUD/USD Daily Analysis – Tuesday,October 24
AUD/USD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and the next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around 0.7690. Near term resistance is at 0.7835. Only a break above this level could bring the price back to […]
German Manufacturing PMI Beats With 60.5 – EUR/USD Unimpressed
The German powerhouse rages on, with Markit’s manufacturing PMI still pointing to strong growth: 60.5 points, slightly above expectations. The services PMI is a bit lower: 55.2, yet manufacturing carries more weight. EUR/USD stabilizes in the narrow range. Markit’s preliminary German manufacturing PMI for October was expected to tick down from 60.6 to 60.2 points. […]
Crude Oil Prices Struggle As Trump Trade Optimism Loses Steam
Crude oil prices continued to move in lockstep with broader risk appetite trends, with a gap higher at the weekly trading open failing to find follow-through as sentiment soured. The S&P 500 stock index traded lower and the WTI benchmark followed. Investors might have rethought Friday’s exuberance. That was driven by hopes that a Senate budget resolution would pave […]
To Whom Does The U.S. Government Owe Money Through FY2017?
The U.S. government’s 2017 fiscal year officially ended on 30 September 2017. From the end of its 2016 fiscal year (FY2016) a year earlier, the total public debt outstanding of the U.S. government increased by $671.5 billion, rising from $19,573 billion (or $19.6 trillion) to $20,245 billion (or $20.2 trillion) during FY2017. The following chart shows the major breakdown […]
Crude Oil – Major Resistances Hold
On Friday, crude oil bounced off session’s low and closed the previous week slightly below $52. Did it change anything in the short term? Crude Oil’s Technical Picture Although crude oil moved a bit higher in the previous week, the overall situation in the medium term hasn’t changed much as the commodity remains not only […]
Oil Prices Firm Slightly
Oil prices were higher on Tuesday, bolstered by a drop in exports from Iraq, OPEC’s second-biggest producer, and an anticipated decline in U.S. commercial oil stocks. Iraqi oil exports have decreased by more than 200,000 barrels per day in October while crude oil exports through Iraqi Kurdistan pipeline to the Turkish port of Ceyhan increased […]
GBP/USD Daily Analysis –Tuesday, October 24
GBP/USD is facing resistance at 1.3228. Above this level will indicate that the downside movement from 1.3337 had completed at 1.3087 already. Then a further rally can be seen and the next target would be at 1.3337 resistance. However, as long as the1.3228 resistance holds, the downtrend from 1.3337 could be expected to continue and […]
Stocks To Trade: VEEV, ILG, JBL
Tuesday’s stock picks Long Veeva Systems (VEEV) Long ILG (ILG) Short Jabil (JBL)
What To Watch In Eli Lilly Earnings Report
Eli Lilly (LLY) is scheduled to report results of its third fiscal quarter before the market open on Tuesday, October 24, with a conference call scheduled for 9:00 am EDT. What to watch for: 1. COMPANY RAISES EPS, REVENUE GROWTH VIEW: Along with its second quarter report, the drug giant raised its 2017 EPS view […]
