Trump Talks Down The U.S. Dollar
The dollar fell sharply against a basket of other currencies on Thursday after U.S. President Donald Trump said that the U.S. dollar had become too strong and that he preferred interest rates to be at a lower level. President Trump also directly commented about Janet Yellen, saying he had not ruled out another term as […]
UK Snap Election Sparks Bullish Breakout Above Triangle Pattern
GBP/USD 4 hour The UK Prime Minister Theresa May has announced her goal to organise new elections ahead of the Brexit negotiation process between Great Britain and the European Union. The snap general election call would take place on June 8, 2017 but needs approval by a majority of Member of Parliament in the House […]
US Dollar May Recover On Firmer Risk Appetite, Fed Beige Book
The Australian Dollar fell after a bond auction of 10-year notes saw yields declining even as demand cooled, hinting at dovish shift in investors’ RBA policy outlook. The average yield at the sale fell from 2.81 to 2.52 percent and the bid-to-cover ratio edged down from 3.55 to 3.24 compared with an offering of analogous paper in […]
China’s GDP Growth Gets Off On A Sound Footing In The First Quarter
China’s economy advanced in the first three months of this year, marking a second consecutive quarterly GDP expansion led by a pickup in investment, a rebound in the retail sales and government spending. Data from the National Bureau of Statistics (NBS) showed on Monday this week that the world’s second-largest economy advanced at an annualized […]
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 […]
