All Blogs
Not to be confused with the Atlanta Fed GDPNow forecast. Maybe this is the Feds problems. Too many districts adding more confusion (and eroding credibility in the process...
Exchanges battening down the hatches Will have special measures in place from June 20-27th due to referendum Cash markets will operate as normal and circuit breakers will remain "Fast market" will be declared in index and equity option contracts The term "fast markets" means that quotes and price...
Sneaks a peak above The GBPUSD has reached the 200 hour MA and snuck-a-peek above at the 1.43142 level. The high reached 1.43186 and currently trades at 1.4306. There are additional overhead levels against the 1.4335 dn 1.4349 where the 50% and the 100 day MA are found...
200 hour and 200 bar MA on 4-hour at the same area The EURUSD has extended up to the targets resistance ag. the 200 bar MAs defined by the 200 hour MA and the 200 bar MA on the 4-hour chart. Earlier in the US session , the 100 bar combo (hourly and 4-hour) held...
Moves away from 100 hour MA/Below 50% The USDCAD has moved to new session lows. The price of oil is on the rebound moving up from below $46 earlier today. The price is currently trading at $47.18 Looking at the hourly chart, the price sits between the pairs 100 and 200 hour MAs at 1.2887 and 1...
Moving from chat up lines to business In the short term, Brexit would be a problem for all but above all, Britain Believes the remain camp will win If UK leaves there will be financial tensions Either way the EU needs to rethink itself...
Double bubble Bullard Mismatch between markets and Fed dot plot is causing distortions in global markets Best thing for Fed to say is that the economy is not likely to change much in the foreseeable future Fed should acknowledge that the economy won't change much without an outside shock Fed shou...
US stock market open 17 June 2016 S&P -6pts to 2071 Dow -54pts to 17676 Nasdaq -26pts to 4818 US 10 year yields 1.60% -2bp...
All eyes are open but... In golf they talk about being committed to the swing. In trading? Do you have a conviction. Adam speaks a lot about fundamental convictions. In fact, he will be speaking fundamentals at the ACT traders course starting on June 24...
Bloomberg picking up comments from MNI There is some upside potential to inflation than forecasts show Measures from March are still new and mon pol has long lags Focus is now on near term developments We need all incoming data in the next months before deciding...
YoY 1.5% vs 1.6% est. Core YoY 2.1% vs. 2.1% Canada CPI NSA for the month of May came in at 0.4% vs 0.5% estimate. The YoY came in at 1.5% vs. 1.6% est and 1.7% last month. So each was 0.1% weaker than expectations. The core numbers came in as expected at 0.3% and 2.1% respectively...
Details of the May 2016 US housing starts and building permits data report 17 June 2016 Prior 1.172m. Revised to 1.167m Building permits 1.138m vs 1.150m exp. Prior 1.130m Starts don't drop as much as expected and permits miss but gain from last month...
Russian president Putin making a keynote address 17 June 2016 EU remains key trade partner for Russia EU business leaders want to work with Russia starting talks with EU on technical cooperation as first step to restoring relations On the Russian economy...
BMG Research have had their fair share of attention this week 17 June 2016 The pollsters were due to release their latest findings today but, with general co-operation and some sensitivity to yesterday's awful events along with a suspension of campaigning from both sides will now publish at 01...
Dear Traders, On Thursday June 23rd we have the EU referendum in the UK, ‘Brexit’. The vote is to determine whether the UK remains part of the European Union. Brexit is similar to the Scottish referendum and Grexit last year, however, the impact of the result is expected to be far greater...
USD/JPY took a deep dive to 104 and below on the lack of action from the Bank of Japan. This may well change next month, with fiscal and monetary stimulus in play...
St Lous Fed head Bullard back on the wires 17 June 2016 maybe even more than 30 months Oh no, Bully the Bore is going to give my typing fingers a real end of session test! economy may have slipped into slow-growth mode where appropriate Fed policy rate is 0...
The British pound continues suffering and finally broke down below the 1.41 handle. It now faces strong support, and not at the round level. Here are 3 Brexit-related updates and the levels to watch: Update: the tables have totally turned with the tragic murder of MP Jo Cox...
Canadian Core CPI, is considered on of the most important inflation indicators. Core CPI excludes the most volatile items which are included in CPI, hence it is considered a more reliable measurement of inflation...
The impact of the EU Referendum goes well beyond the shores of the UK but impacts many other currencies...
