Futures Suggest Positive Start For Market
Stock futures are higher as investors prepare to receive weekly jobless claims data, existing home sales, and the weekly natural gas inventory report. Also of interest will be a Paul Ryan interview this afternoon on CNBC and the start of the annual Jackson Hole, Wyoming conference. In early pre-market trading, Dow futures are 51 points […]
An Oil Price Forecast Will Burn The “Short Artists”
You’re likely to catch plenty of oil doom and gloom on cable news right now, but West Texas Intermediate is up nearly $1 a barrel over the past 30 days. I can’t think of a better object lesson in why you shouldn’t believe the players and short artists who make money whenever you believe crude prices are headed lower. […]
Japan’s Tourism Boom To Bring Growing Political Support For Yen Depreciation
The boom in Japan’s inbound tourism is arguably the most tangible success story of Abenomics. Propelled by a steady stream of visa rule deregulation that started the first week that “Team Abe” moved into the prime minister’s office in December 2012, inbound tourist arrivals have risen almost fourfold, from a 2012 monthly average of 697,000 to […]
Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson Hole Begins
U.S. stock-index futures are fractionally in the green as European shares rise, Asia is mixed and oil drops modestly. Global risk staged a rebound and markets unwound some of yesterday’s safe-haven moves as U.S. government shutdown fears receded and concerns about the Trump administration’s ability to enact its fiscal agenda were put on the back-burner […]
Has The Fed Completely Lost Control?
An interesting thing happened on the way to World Domination, uhh, I mean “Stability” – the data quit cooperating with the Federal Reserve’s carefully devised planned. Just recently the Federal Reserve quit updating their carefully constructed “Labor Market Conditions Index” which failed to support their ongoing claims of improving employment conditions. The chart below is the last iteration before it was discontinued […]
Bitcoin Building A Base, Ripple Volume Surges In Korea
The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe. Bitcoin (BTC) Eyes a New High after SegWit2x Implemented Digital currency heavyweight Bitcoin is beginning to form a new base on the three hour and daily chart which could set it up for […]
USD Consolidation Around Support Level, Retracement Next?
After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within […]
Greenback Firmer In Becalmed Markets
The US dollar is enjoying a firmer tone. Sterling is stabilizing after grinding down to its lowest level since late June. The Mexican peso, which had dropped in thin trading in Asia and Europe yesterday following Trump’s threat to exit NAFTA and force Congress to fund the Wall or face a government shutdown recovered fully […]
The Next Oil Price Spike May Cripple The Industry
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be “lower for longer”, or even “lower forever”, as the electrification of transport will eat away at oil demand more and more while, at the same time, technological […]
Deutsche Bank Forced To Slash Fixed-Income Research Price By Half On Lackluster Demand
One by one over the past several months, Europe’s largest investment banks have each rolled out their new pricing models detailing how they’ll charge for research in 2018 once the new MiFID II regulations go into effect.Pricing strategies have varied from expensive all-in packages costing nearly $500,000 a year to pay-as-you-go plans that charge for […]
