E RBA Set The Interest Rate For April
On Monday, the AUD/USD pair traded lower due to a sell-off in the AUD caused by the worse than expected retail sales figures in Australia. The Aussie’s February retail sales came in flat on a monthly basis, expectations being of a 0.4% rise month-on-month after a 0.3% monthly rise in the month of January. The […]
The Stock Whisper Of The Day: BP, USO, DBC, MT, SPY
Hot stocks of the day: BP,USO, DBC, MT, SPY Video length: 00:06:48
Euro/Dollar Stabilised At 1.1380
Yesterday’s Trading: The euro/dollar on Tuesday managed to get back its losses after falling to 1.1335 in response to strong USA ISM service sector data. In March, the ISM index for business activity in the US service sector rose to 54.5 against 53.4 in February (forecasted: 53.6). Markit’s PMI rose from 51.1 to 51.3. It’s […]
Low Volatility ETFs Still In Play
Yellen’s dovish comments may be fueling a market rally at the end of one of the most volatile quarters in years, but these haven’t buried low volatility ETFs. The new-found optimism on Yellen’s hint of a ‘cautious’ rate hike trail perked up investors sentiments lately, helping U.S. bourses to score gains for two back-to-back days […]
E The Daily Shot And Data – April 6, 2016
Greetings, This morning we start with China where the service sector PMI (from Caixin/Markit) came in above expectations. This had a calming effect on stock markets in Asia and pushed the S&P futures higher. Source: Markit Here are several other China-related developments we are tracking. 1. Auto sales growth in China rose. Source: MNI 2. […]
Silver Prices Ease Following Stable Stock Markets
Silver prices (FXCM: XAG/USD) have eased back from yesterday’s high of $15.23 as the slide to global stock markets abated today. The stable stock markets is lowering the demand for safe haven assets such as Gold and Silver. Silver’s technical trend is downwards below the March 31 swing high of $15.56, as the March 31 […]
India Trims Interest Rate
The Indian economy was tipped to break into the ranks of the world’s powerhouse economies, but it has seen significant setbacks since the Global Financial Crisis struck. The value of the Rupee has fallen dramatically against the US Dollar in recent years; prior to the worst onslaught of the crisis in 2008, a Dollar would […]
Pfizer, Allergan Terminate $160 Billion “Inversion” Merger; Banks Lose Over $100MM In Fees
Less than two days after the US Treasury cracked down on inversion deals, and one deal in particular, Pfizer’s (PFE) pharma record $160 billion acquisition of Allergan (AGN), the two companies announced the deal is officially over. From the press release: Pfizer Announces Termination of Proposed Combination with Allergan Pfizer Inc. today announced that the […]
The Janet Yellen Market Rally!
Currently, we are experiencing the SPX topping formation. Again, it is dangerously overextended. The SPX staged a strong rally due to the repeated actions of Central Bankers, during the month of February 2016. Presently. we are truly living, investing and trading in ‘unprecedented’ times. Another push higher is not out of the question, at this […]
Japan’s Abe Expresses Concern Over Intervention
The US Dollar was trading near to a 17-month trough versus the Japanese Yen after Shinzo Abe, Japan’s Prime Minister, hinted that the Bank of Japan’s intervention in the Yen’s rise might not be as evident as it appears. According to Abe in a recent media interview, countries, including Japan, should avoid “arbitrary intervention” solely […]
