Temporary Speed Bump Expected To Weigh On US Q3 GDP Report
GDP growth in the third quarter is widely expected to decelerate in the government’s “advance” estimate that’s due at the end of this month. Part of the projected slowdown is due to the temporary effects of hurricanes, according to analysts. Forecasters are looking for a 2.4% increase in output for Q3, based on the average […]
Global Stocks Just Shy Of Record Highs As Dollar, Yields Rise On Taylor Tension
Global markets traded near all-time highs on Tuesday, with S&P futures, Asian shares and European stocks all flat this morning, while oil continued to gain on Kurdish geopolitical concerns while most industrial metals fell. The euro extended its recent slide and stocks drifted as Spain’s escalating hard-line response to the Catalonian secession threat fueled concern […]
EURUSD: Price Approaching The Neckline
On Monday the 16th of October, trading on the euro/dollar pair closed slightly down. The pair spent most of its time in a sideways trend. After dropping to 1.1781, the euro recovered its lost ground to reach 1.1819. Still, the price didn’t make it to the balance line, which at that point ran through 1.1826 levels. […]
Technically Speaking: Clarifying Overbought, Extended & Bullish
The market is downright bullish. There is little reason to argue the point given the bullish trends of markets globally which are strongly trending, positively correlated, and simultaneously breaking out to all-time highs. Of course, such is not surprising given the massive levels of Central Bank interventions, suppressed interest rates, and global coordination between Government’s and major […]
German ZEW Sentiment Misses With 17.6 – EUR/USD Ticks Lower
Business confidence is not going anywhere fast, according to the ZEW Economic Sentiment measure for October 2017. The score advanced from 17 to 17.6 points. Worse off, the Current Conditions component shows a fall from 87.9 to 87 points. EUR/USD, which was already under pressure, is ticking a few pips to the downside. This isn’t […]
E Is Brexit Impact On The UK Property Market A Fallacy?
Talks between the UK and the EU on the withdrawal of Britain following Brexit have been reported to have hit a deadlock in the last few days. And on October 16, 2017, British Prime Minister, Theresa May was reported to have traveled to Brussels for a dinner with EU leaders in a bid to end […]
New Zealand Inflation Beats Expectation In 3Q; Kiwi Stable
Rising housing costs and expensive food materials strengthened New Zealand’s consumer prices in the third quarter of 2017. Consumer Price Index rose 0.5 percent in the third quarter, according to the Statistics New Zealand report released on Tuesday. On a yearly basis, prices climbed 1.9 percent, up from 1.7 percent recorded previously. Little to no […]
AUDUSD Daily Analysis – Tuesday, Oct. 17
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the fall from 0.7897 could be treated as consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 0.7986. […]
USD Intermediate Cycle Update
I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short-term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24. If I am correct, yesterday was day 1 of the Trading […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Oct. 17
WTI Crude Oil The WTI Crude Oil market continues to show strength, and now that the Iraqi Army has entered Kurdistan, there are a lot of concerns when it comes to the disruption of oil around the world. That being the case, we did see a bit of a rally, but I would point out […]
