Plunging Used Car Prices Wreak Havoc On Rental Car Bondholders
Once hedge fund darlings, almost no one is more perfectly aligned to get obliterated by falling used car prices than America’s auto rental companies, Hertz and Avis. As Bloomberg notes today, on a combined basis, Hertz and Avis dump about 400,000 vehicles per year into the used car market and operate fleets that are multiple times larger. And with […]
GBP/USD Forex Signal – Wednesday, April 19
Yesterday’s signals produced a very successful long trade following the bullish candle rejecting the support level at 1.2550. It would probably be an excellent idea to take profits now. Today’s GBP/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm London time today only. Long Trades Long entry following a bullish price action reversal […]
Eurozone Core Inflation Confirmed At 0.7% – EUR/USD Ticks Lower
No surprises in the final inflation read for the euro-zone in March. Headline inflation was confirmed at 1.5% and core CPI remains at the lower level of 0.7%. Core inflation stood at 0.9% for many long months and the drop to 0.7% is a setback. EUR/USD is ticking lower, trading at 1.0714. ECB President Mario Draghi will […]
May’s Bold Move And Fed Expectations
UK Prime Minister May surprised the global investors and world policymakers by calling snap elections, precisely what the 2011 electoral law sought to prevent by fixing the date of elections. As recently as before the Easter break, May’s office denied the persistent speculation that she would (or should) maneuver for early elections. It is not an […]
Spring 2017: To Whom Does The U.S. Government Owe Money?
One of the crazier things about the U.S. national debt is that it often takes a lot of months after the end of a given fiscal year for the U.S. Treasury to sort out who the U.S. federal government owes money, particularly when that money is owed to foreign entities. So here we are, just […]
Crude Oil Prices May Extend Drop With US Supply Trends In Focus
Crude oil prices fell even as JODI data showed that exports from Saudi Arabia – a bellwether for OPEC – fell to the lowest level in almost two years in February. While that might have been expected to boost confidence in the cartel’s production cut scheme, investors seemed more concerned with signs that growing swing supply […]
Iron Ore Reverses A Major Breakout While Bulls Stick By The Australian Dollar
The list of asset prices that have completely reversed their post-election gains continues to expand. Last week, iron ore officially joined that list…and the sell-off continues apace. On Tuesday night, April 18th, Business Insider reported: “According to Metal Bulletin, the spot price for benchmark 62% fines fell 4.6% to $63.20 a dry tonne, extending its losses […]
Sensex Trades Flat; NTPC Among Top Gainers
After opening the day on a flat note, share markets in India witnessed volatile trading activity and are trading on a flat note with a negative bias. Sectoral indices are trading on a mixed note with stocks in the realty sector and stocks in the power sector trading in green, while stocks in the IT sector are leading the losses. The BSE Sensex is trading […]
Gold Continues To Consolidate – April 19
Gold prices ended Tuesday’s session up $5.25 as weakness in U.S. and European equities a drop in the U.S. dollar lent some support to the precious metal. The XAU/USD pair initially headed towards the $1277.35-1276 area after the market dropped below $1281, but found support in the vicinity and tested the $1292 level. As the […]
Profiting From French Election Volatility
Attempting to predict the outcome of an election is a fool’s errand — we don’t bother with it. But that doesn’t mean we can’t make money off the vote… Over the last few weeks we’ve discussed the reasons for the rise of populism and how it’s impacted the false trend in European equities. We explained how these Soros-style […]
