The Fed Is Inclined To Raise Rates Despite Low Inflation
Inflation has been trending lower this year, but the Federal Reserve still appears on track to hike rates again before the year is out. Fed funds futures this morning are pricing in an 82% probability that the central bank will lift its target rate to a 1.25%-to-1.50% range from the current 1.0%-to-1.25%, based on CME data. A […]
The Struggle For Bolivia Is About To Begin
While middle-class Bolivians are demonstrating against the incumbent president’s bid to extend term limits, the country is thriving after a decade of progress under Evo Morales. Recently, thousands of Bolivians took part in protests in San Francisco square in La Paz demonstrating against President Evo Morales’ bid to extend term limits. In a referendum last […]
EUR/USD And GBP/USD Forecast – Thursday, Oct. 12
EUR/USD The EUR/USD pair had a bully session again on Wednesday, as traders push the market above the 1.1850 level. It looks to me as if the market is most certainly in a go looking towards the 1.20 level above, and the pullbacks at this point will probably end up being buying opportunities. The market […]
India’s Trajectory For A $6 Trillion Economy: The Wings Of Digitization
Audio Length: 00:29:24 Last week on our “Behind the Markets” podcast, Jeremy Schwartz and I spoke with Arvind Gupta, who heads the Digital India Foundation and is the head of information technology for India’s ruling political party, the Bharatiya Janata Party (BJP). Mr. Gupta is the architect of India’s various digitization efforts. With initiatives ranging […]
Banks Or Bust: The Tone For Q3 Earnings Season Will Be Set This Week By Financial Institutions
(Photo Credit: Kristen Cavanaugh) Quarterly reports for the major banks are set to start releasing results this week, and there are some positives to take away for the upcoming earnings season. JPMorgan & Chase Co – Financials – Diversified Financial Services | Reports October 12, BMO Despite the stagnancy last year, things are starting to look upwards for […]
Sensex Trades Marginally Higher; FMCG Stocks Among Top Gainers
After opening the day in green, share markets in India witnessed choppy trades and are presently trading marginally above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the FMCG sector and the metals sector witnessing maximum buying interest. Stocks in the banking sector and the PSU sector are trading in the red. The BSE Sensex is trading up by 70 points […]
Gold Price Recovery May Stall Near $1300/Oz On US PPI Data
Gold prices rose as minutes from September’s FOMC meeting revealed many Fed officials remain worried that recently low inflation is not temporary. That seemed to pour a bit of cold water on rate hike speculation, sending the US Dollar and front-end Treasury bond yields lower. Not surprisingly, this proved helpful for non-interest-bearing and anti-fiat assets epitomized by the yellow metal. September’s US PPI data is next on […]
Can A Company Be Great And A Great Short?
One of the fascinating things about financial bubbles is how they transform great companies into screaming short sale candidates. Put another way, bear markets tend to throw even the prettiest babies out with the bathwater. Here, for instance, is what happened to Cisco Systems, the dominant maker of networking gear (the devices that run the […]
German DAX Inches Higher; Hits Pre-German Election Target
The German DAX has continued to post steady trend in the past few weeks. Despite the mixed reaction to the German elections in late September, the leading German index managed to hold on to the gains. After breaching past 12669.0 levels, the German DAX index has hit the target level to the upside as outlined […]
Market Shot – FOMC Hints Strongly Toward December Rate Hike
Yesterday the FOMC stopped acting like a bashful debutante – giggling behind a gloved hand at the mention of “interest rate hike”. Although it seems that the Fed may still be divided about inflation – saying that they would be watching inflation data closely before any interest rate decision is made – the meeting’s minutes […]
