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European Growth: Distinct Lack Of Good Faith?
It was a busy weekend in retrospect, starting with Janet Yellen and other central bankers uncomfortably facing a global media that has become (for once) increasingly unconvinced. Reporters, really, don’t have much choice. The Federal Reserve Chairman might not be aware of just how much she has used the “transitory” qualifier since 2015, but others can’t be helped from noticing. At the Group of Thirty’s International Banking Seminar in Washington on Sunday, Yellen tried to play it confidently: My best guess is that these soft readings will not persist, and with the ongoing strengthening of labor markets, I expect inflation to move h... -
Finance 0
REIT Stocks Q3 Earnings Queued Up For Oct 18: CCI, SLG & BDN
The Q3 earnings season has just begun and the real estate investment trust (REIT) space is already buzzing with activity. Notably, on Oct 18, Crown Castle International Corp. (CCI – Free Report), SL Green Realty Corp. (SLG – Free Report) and Brandywine Realty Trust (BDN – Free Report) are scheduled to release their quarterly results. Admittedly, the Federal Open Market Committee meeting has affected the price performance of REITs in the quarter. However, with the economy and the job market showing signs of recovery, a number of asset categories displayed strength in third-quarter 2017. Per a recent study from CBRE G... -
Finance 0
Gold Slips As Dollar Strengthens
Gold prices fell $10.22 an ounce on Tuesday, extending their losses to a second straight session, as strength in the U.S. dollar eroded the appeal of the precious metal. Technical selling pressure was also behind gold’s decline yesterday. Dropping through the $1292-$1289 support triggered a fresh round of selling and dragged prices to the Ichimoku cloud on the 4-hour chart as forecasted. XAU/USD is currently trading at $1287.92, higher than the opening price of $1285.02. The area occupied by the 4-hourly cloud has been supportive so far. The bottom of the daily cloud is also right below so it will continue to play an important role. We have... -
Finance 0
Americans’ Economic Confidence Turns Negative For First Time Since Election
Last week, we noted that, despite storms, wildfires, quakes, higher gas prices, and failed Washington policies, Americans are – according to The University of Michigan – their most confident since January 2004. Additionally, businesses are cock-a-hoop BUT the real economy is seriously lagging… This all seems a little odd… and sure enough, we get a survey from Gallup that seems to fit reality a lot more accurately… Americans’ confidence in the U.S. economy tilted slightly negative last week for the first time in 2017. Gallup’s U.S. Economic Confidence Index was -1 for the week ending Oct. 15, down... -
Finance 0
Indian Indices Rangebound, SIP Inflows Rise 45%, And Top Stocks In Action
On Tuesday, share markets in India opened in red and were rangebound throughout the day but arrested losses and ended on a flat note. The BSE Sensex closed lower by 25 points to end at 32,609 while the broader NSE Nifty ended the day higher by 4 points to close at 10,234. Among BSE sectoral indices, realty index rose the most by 0.8%, followed by oil and gas stocks at 0.7%. Cipla and Bharti Airtel, were among the top gainers. Top Stocks in Action Today Wipro share price is likely to be in focus today after the company declared its second quarter results yesterday. The country’s third-largest software services exporter, pos... -
Finance 0
Is EUR/USD In A “Buy The Dips” Mode?
EUR/USD is stuck in range, in the middle of the 1.17 handle. What’s next? Here are three opinions, which lean towards buying the dips. Here is their view, courtesy of eFXnews: EUR/USD: Where To Buy Dips? – SocGen Societe Generale Cross Asset Strategy Research expects EUR/USD dips-buyers to emerge on further move towards 1.1720 ahead of the key support around 1.1660/18. “As for EUR/USD, it’s still backing off the major resistance line it failed at (1.1880) and still above support at 1.1720, let alone the 1.1660 level that is a clearer line in the sand for any dip-buyers. ….The pair is evolving within a Head and Shoulders pattern. Sh... -
Finance 0
Do Commodities Have A Silver Lining?
To date, I am not nearly as loaded up on commodity trades as I plan to be once certain technical factors line up. With all the current buzz about inflation and the rising producer price index, preparedness for buying languishing commodities makes sense. Currently, the Federal Reserve’s inflation target falls short of the parameters they would like to see before raising rates further. Interestingly though, just about everything can change on a dime. For example, who will lead the Fed come February, is one change we expect to occur. The historically low ratio (has only been this low twice in the last 100 years) between commodities and equi... -
Finance 0
TD Says Goodbye To Commission-Free Vanguard ETFs
TD Ameritrade roiled the investment community this week when it announced it was shaking up its commission-free ETF lineup across its entire brokerage platform. The highlights include an expanded number of funds available to trade and fewer restrictions on eligible accounts. They also dropped Morningstar as the advisor that selects the commission-free list, giving in-house management more control over which funds make the cut. This type of expansive announcement is typically met with great enthusiasm by the advisor community. However, the biggest bombshell is that they are no longer offering Vanguard ETFs on their commission-free list. Yeah, ... -
Finance 0
EUR/USD Daily Analysis – Wednesday, October 18
EUR/USD broke below 1.1780 support and extended its downside movement from 1.1879 to as low as 1.1736. Deeper decline to test 1.1669 support is still possible in the coming days. A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart now at 1.1420. Near term resistance is at 1.1820, only an upside break of this level could bring price back to test 1.1879 resistance. Above this level would aim next resistance level at 1.2029. ... -
Finance 0
Crude Oil Prices Menace Six-Month High, EIA Inventory Data On Tap, Gold Price Continue To Fall
Crude oil prices sank after Sky News reported that Kurdish Peshmerga militia reached agreement to return to Iraq’s 2003 borders. Conflict between local fighters and government forces in the Kirkuk province shut down two oil fields, stoking supply disruption fears. The swiftly selloff evaporated as markets looked ahead to API inventory flow data however, and it did not disappoint. The report showed US stockpiles shed 7.13 million barrels last week, outpacing the 3.85 million outflow expected to be on display in EIA statistics due today. If official figures hew closer to the private-sector estimate, oil prices may enjoy a further boos...
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