German ZEW Sentiment Misses With 17.6 – EUR/USD Ticks Lower
Business confidence is not going anywhere fast, according to the ZEW Economic Sentiment measure for October 2017. The score advanced from 17 to 17.6 points. Worse off, the Current Conditions component shows a fall from 87.9 to 87 points. EUR/USD, which was already under pressure, is ticking a few pips to the downside. This isn’t […]
E Is Brexit Impact On The UK Property Market A Fallacy?
Talks between the UK and the EU on the withdrawal of Britain following Brexit have been reported to have hit a deadlock in the last few days. And on October 16, 2017, British Prime Minister, Theresa May was reported to have traveled to Brussels for a dinner with EU leaders in a bid to end […]
New Zealand Inflation Beats Expectation In 3Q; Kiwi Stable
Rising housing costs and expensive food materials strengthened New Zealand’s consumer prices in the third quarter of 2017. Consumer Price Index rose 0.5 percent in the third quarter, according to the Statistics New Zealand report released on Tuesday. On a yearly basis, prices climbed 1.9 percent, up from 1.7 percent recorded previously. Little to no […]
AUDUSD Daily Analysis – Tuesday, Oct. 17
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the fall from 0.7897 could be treated as consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 0.7986. […]
USD Intermediate Cycle Update
I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short-term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24. If I am correct, yesterday was day 1 of the Trading […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Oct. 17
WTI Crude Oil The WTI Crude Oil market continues to show strength, and now that the Iraqi Army has entered Kurdistan, there are a lot of concerns when it comes to the disruption of oil around the world. That being the case, we did see a bit of a rally, but I would point out […]
HH Amazon Has A Long Track Record Of Failures
Analysts give Amazon.com Inc. (Nasdaq: AMZN) a lot of credit these days. The company can single-handedly alter a business environment overnight … or at least that’s what analysts would lead you to believe. Amazon’s latest market-moving announcement was that it was close to deciding on entering the online pharmaceutical drug marketplace. Let me repeat that. Amazon is […]
E IMF Raises Global Economic Outlook For 2017 And 2018
The IMF, in its World Economic Outlook, raised the global economic outlook for 2017 to 3.6% and to 3.7% for 2018. This was a slight upgrade from the previous estimates of 3.5% and 3.6% respectively. The IMF’s World Economic Outlook report is released twice a year. In its report, the IMF said that the global […]
The Harsh Truth About Gold
Is gold dead? Over the last three years, the SPDR Gold Shares ETF (GLD) has lollygagged in a sideways direction. I’d honestly rather watch paint dry than analyze a gold chart. Given such an uninspired performance, I don’t believe that gold warrants a major weighting in your portfolio. Of course, my assertion above constitutes sacrilege […]
Sensex Trades In Red; Bank Stocks Top Losers
After opening the day in the red, share markets in India have traded on a volatile note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the capital goods sector and stocks in the realty sector witnessing maximum buying interest, while stocks in the banking sector are leading the losses. The BSE Sensex is […]
