NZD/JPY Confirms Below Ichimoku; Unikrn Expands In EU
In the forex world, the NZD/JPY pair has confirmed below the daily Ichimoku cloud. In the cryptocurrency world, the e-sports betting platform Unikrn is ready to expand their real money offering throughout 80 % of Europe. NZDJPY Confirms Below Daily Ichimoku Cloud The NZD/JPY pair confirmed below the daily Ichimoku cloud as the Tenkan line crosses below the […]
The Stock Whisper Of The Day: S, XOP, DAL, UGAZ
Hot stocks of the day: S, XOP, DAL, UGAZ Video length: 00:04:17
Top 5 Things To Know In The Market Today – Wednesday, Oct. 11th
1. There might be some more pre market action as FOMC minutes are likely to confirm that the Fed is on track for a December hike, although with the market pricing this in with around a 70% chance, it may not change expectations much. However, the minutes may reveal more about how the Fed’s balance between […]
Spain Relief Sends Euro Higher
The Euro edged higher and struck a 2-week peak versus the US Dollar; the rise is generally attributed to a surge of relief felt now that there appears to be a halt to Catalonia’s quest for independence from Spain. In the end, it was only a symbolic independence declaration made by the regional leader who […]
Crude Oil Prices Rise On Output Cut Hopes, Gold Eyes FOMC Minutes
Crude oil prices rose after Saudi Arabia said state-owned giant Aramco will cut output by an “unprecedented” cut of 560k barrels per day next month. Comments from OPEC Secretary-General Mohammad Barkindo signaling the cartel-led production cut accord may be extended and perhaps even broadened to other participants probably helped as well. From here, monthly reports from OPEC and […]
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55
In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil supply/demand balance, demand for OPEC crude in 2017 is estimated at 32.8 mb/d, around […]
GBP: The Case For A BoE November Hike Strengthening Further; Where To Target? – BTMU
The pound shot higher on expectations for a rate hike in November, and it is getting closer. Yet after hitting 1.36, GBP/USD slipped quite a bit. What is the trade? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the GBP has started the week on firmer footing reflecting both a reduction […]
Try To Get Off Oil
It’s hard to break those addictions. You see abnormally low oil prices are like crack to an economy. Economies start to get hooked on cheap oil and then want more. Then they get addicted to oil and then they continue to buy at any price because once they get hooked they can’t get enough. We […]
Where Next For The USD After The FOMC Minutes?
With the FOMC minutes due for release later today it’s time to focus once again on the USD index on the daily timeframe. And in the last few days it has been no surprise to see the dollar weakening technically, given the daily candle of October 6 which closed in classical fashion with a […]
Momentum Continues To Lead US Equity Factor Strategies
A bull market prevails across all the major US factor strategies led by momentum, based on one-year returns via a set of proxy ETFs. The iShares Edge MSCI USA Momentum Factor (MTUM) ticked up to a record high at yesterday’s close (Oct. 10). The upside bias for the fund has been unusually strong recently. The latest daily […]
