Here is the latest Economic News from NASDAQ News.
Dollar Rising, May Seasonality in Play
Daily FX Market Roundup 05.4.16 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management On Monday, we presented our readers with a table illustrating the seasonal performance of the U.S. dollar in the month of May. According to the data (shown again below), May tends to be a very good month
Global Markets: Greenback Firmer, But Has It Turned?
There is one question many investors are asking after noting that with Cruz dropping out of the Republican primary, Trump has secured the nomination, and that is whether the dollar has turned. The greenback has extended yesterday’s reversal higher. The euro had briefly poked through $1.16 and closed on its lows
To correctly predict the Fed’s policy path, watch this
The Federal Reserve (Fed) left policy unchanged last week, continuing a “wait and see” approach appropriate for today’s global economic, financial and inflationary conditions . So, with the Fed on the right track for now, you may be
Global Growth Worries & Weak Jobs Data Likely to Impact
The negative momentum from the last few sessions is expected to remain in place at the open today, with the reemergence of global growth worries raising doubts about the sustainability of the market’s rebound from the February lows. Pre
Drain No More: Fed Funds R.I.P
Following the Great War, indoor plumbing became without a doubt a Godsend for much of the world. However, few innovative leaps, including even the wonders of indoor plumbing, have ever been entirely free of at least a few drawbacks. Think of electricity and its dependence on any number of variables from lightbulbs to
Oil Crash Sends CAD, AUD, NZD Lower
The big story today for the foreign exchange market is the sharp decline in commodity currencies. The Australian dollar led the move but the Canadian dollar was the main focus during the North American session. Oil prices dropped over 2%, leading to the strongest one-day rise in USD/CAD since March. The sharp
FX: Dollar Continues to Push Lower
The US dollar’s downtrend is extending. The euro traded above $1.16 for the first time since last August. With Japanese markets closed for the second half of the Golden Week holidays, perhaps participants felt less hampered by the risk of intervention and pushed the dollar to almost JPY105.50. Despite an
FX: Reserve Bank of Australia's Surprise Rate Cuts
Market Drivers May 3, 2016 AU RBA Cuts to 1.75% UK PMI Manufacturing lowest in 3 years Nikkei closed Dax -1.51% Oil $44/bbl Gold $1299/oz. Europe and Asia : AUD RBA cuts by 25bp GBP UK PMI 49.2 vs. 51.2 EUR PPI 0.3% vs. 0.0% North America : No Data The Reserve Bank of Australia surprised the currency market
Are The Miners On The Verge Of A Correction Or About To Go Parabolic?
By Avi Gilburt, ElliottWaveTrader.net I never suggest trading on emotion, yet the “fears” I expressed last week may be developing as the reality on the ground. With the continued strength this past week seen in the miners, one has to question whether the more immediately bullish “green count” is what is in play,
Sentiment Looking Positive Amid A Slew of Earnings
The major indexes are on track for a modestly positive open at the start of May’s trading session, with market participants looking ahead to a busy docket of economic and earnings reports. The focus this week is on economic
Can Japanese stocks rise again?
This week’s chart shows how Japanese companies’ inflation expectations have been steadily declining in recent quarters, amid an appreciating yen. Bank of Japan (BoJ) stimulus efforts this year including an expanded quantitative easing (QE) program and a shift
Can Oil Continue To Rally? An Interview with the IEA's Neil Atkinson
Oil prices plunged to their lowest levels in more than a decade earlier this year, but have since rallied by more than 70 percent from their February lows. Now oil is at a crossroads: the market is balancing, but not quickly enough. Oil traders are gaining confidence, but with oil trading at $45 per barrel, is the
Forex Moves Prompt a Change in the Immediate Outlook for Stocks
Ask any of my Energy Trader Team members or, for that matter, anybody with whom I have ever discussed trading in depth, and they will tell you that, at times, I can seem a bit obsessive about certain things. I constantly harp on about the psychological and emotional side of trading, for example, as I see that as
Another Strong Jobs Report May Not be Sufficient to Reignite Dollar Rally
The die is cast. The Federal Reserve is on an extended pause after the rate hike last December. The market remains convinced that the risk of a June hike are negligible (~ less than 12% chance). The ECB has yet to implement the TLTRO and corporate bond purchase initiatives that were announced in March. The
U.S. Economy Barely In The Green
Stocks are on track for a modestly negative open, with the negative momentum from Thursday’s late session sell off continuing into today’s session. The major indexes have been unable to sustain the rally from the February lows in recent
A handy tool for comparing sovereign credit risk
Sovereign debt is not “risk free.” That’s the reality we’ve all had to accept in the years since the global financial crisis, as one advanced economy after another has dealt with fiscal deterioration . In reality, sovereigns never were
Dollar Losses Extended Ahead of the Weekend
There are two main forces in the foreign exchange market that are rippling through the capital markets . The first is the continued weaker dollar tone. The combination of what appears to be a stagnating US economy (0.5% annualized pace in Q1) and a market that does not believe the Federal Reserve will hike rates
Joe Smuck Is Spending The Money Saved From Lower Energy Prices
Looking back, the Federal Reserve believed the decline in oil prices was good for the economy – and would provide a stimulus as consumers could spend the money saved on lower oil prices on other items. A quick look shows the rate of consumption growth has declined from its peak in January 2015. Lower oil prices did
Hoping for Bottom in Dollar? Don't Bank on Payrolls
It has been a very difficult week month for the U.S. dollar, which traded lower against nearly all of the major currencies. Investors completely disregarded the tinge of optimism about global markets in the FOMC statement and according to the Fed fund futures strip they still don’t think the central bank will be
The Trade Of The Decade
We’ve talked a lot about oil, the rebound of which has probably led to the trade of the year. If you recall back on February 8th, we said policymakers finally got the wake up call on the systemic threat of the oil price bust when Chesapeake Energy, the second largest oil and gas producer, was rumored to be pursuing
Wanted: Monetary policy Plan B
Central banks have been the only game in town for years now, driving asset prices higher with the help of interest rate cuts and quantitative easing ( QE ) programs. But all these policies were meant to do
Q1 GDP Weaker Than Expected
The first read on first quarter Gross Domestic Product (Q1 GDP) was just released this morning, and results were weaker than expected at +0.5 percent (0.7 percent had been expected). This follows an unrevised +1.4 percent in Q4. This
The Fed Is a Sideshow: The Main Event Is Tonight In Japan
The Fed met today. It was a relative non-event. But they built expectations that a rate hike (one of just two they are now projecting this year) could come in June if the world continues to look stable. Still, if the Fed were to act in June we would have to hear from Yellen and company over the next several
Has the Oil Price Rally Gone Too Far?
Oil speculators are growing more confident that prices are gaining ground on the back of rising demand and shrinking supply. U.S. gasoline demand is at a record high for this time of year, with the four-week consumption rate for gasoline above 9.3 million barrels per day (mb/d). That is important because the
Weak Earnings Reports
Stocks are on track for a weak open in today’s session, with a number of bellwether earnings reports missing the mark and some tentativeness ahead of the Fed announcement this afternoon. With no press conference from Chairwoman Yellen or
The Most Important Market To Watch
On April 5th, we revisited what Bill Gross once called the “short of a lifetime.” I’m talking about German 10-year government bonds. That day, yields were sniffing toward the lows of last year. That means the market was pricing the interest rate on 10-year government debt, of the leading economy in Europe, near
Central Bankers to the Masses: 'Let Them Eat Rate!'
There never was any cake, just crust. And the French Marie had nothing to do with it. Rather, a Spanish-born queen married to France’s King Louis XIV a century earlier was the ill-mannered Marie who dared to taunt the peasantry. So how then exactly did, “Let them eat cake!” become so universally associated with
Two Issues Loom Large Today: Soft Australia CPI and FOMC
The foreign exchange market is largely quiet as the market awaits fresh trading incentives and the FOMC statement later in the North American session. The main exception to the consolidative tone is the Australian dollar, which is posting its largest loss (~1.7%) in a couple of months. The short-term market
FX: AU Inflation Shocker Sends Aussie Tumbling
Market Drivers April 27, 2016 AU CPI misses big UK GDP in line – relief for cable Nikkei -0.04 Dax -0.58% Oil $44/bbl Gold $1246/oz. Europe and Asia: AUD AU CPI -0.2% vs. 0.2% GBP UK GDP 0.4% vs. 0.4% GBP UK Index of Services 0.7% vs. 0.8% North America : USD Pending Homes Sales 10:00 USD FOMC 14:30
What to look for from the Fed
Once again it is time for the U.S. Federal Reserve (Fed) Board of Governors meeting, and the market is eager to see what they have to say. There is broad expectation that the Fed will hold short term
Flood Of Q1 Earnings Reports
A flood of Q1 earnings reports, a busy docket of economic reports and the start of the Fed meeting provide the backdrop for today’s trading session. The major indexes are on track for a modestly positive open, but overall
Does Factor Or Value Matter More In Low Volatility ETFs?
Low volatility ETFs have become an increasingly popular tool for investors to access a subset of stocks with historical trends of minimal price fluctuations versus their peers. While these funds have existed for half a decade now, they have recently seen a huge influx of capital in relation to other stock-focused
Cable Soars As Brexit Recedes, But Are UK Voters Lying to Pollsters?
Market Drivers April 26, 2016 Cable pushes higher Kiwi flirts with 6900 Nikkei -0.49 Dax 0.25% Oil $43/bbl Gold $1236/oz. Europe and Asia : GBP UK BBA Loans 45K vs. 46K eyed North America : USD PMI Services 9:45 USD Consumer Confidence 10:00 Cable continued its torrid run in early London trade today as it
Saudi Arabia Releases Ambitious Plan To Diversify Economy
On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The “Vision for the Kingdom of Saudi Arabia” could radically transform Saudi Aramco, the Saudi economy, and the country’s social structure. The plan has been pioneered by the 30-year-old
Listen to the Fed but Trust the Data
It would be reasonable to expect, given that the Federal Reserve’s Open Market Committee (FOMC) starts its regular monthly meeting tomorrow, that this week will be all about the Fed and a resumption of a “will they, won’t they” guessing game with regard to interest rates. They will make an announcement on Wednesday
Exchange Rate Shocks: What They Are, And How They Affect You
Wherever you live, the price of goods and services are usually stable. Whether that’s the cup of coffee you pick up every morning or the paycheck you receive every two weeks, the value rarely changes. However, in reality, exchange rates change every second, and have inherent implications on business activities within
Q1 Earnings, GDP And More
Stocks are modestly in the red ahead of today’s open, with a big week ahead on the earnings and economic calendars. We have the Fed meeting, Q1 results from more than a third of the S&P 500 members and
Global Tensions Lessened, but Bound to Increase Ahead of June FOMC Meeting
We expect the FOMC statement this week to recognize the improvement in the global conditions that have been an increasing worry for officials over Q1. At the same, time the soft patch of the US economy is undeniable. We suspect the Fed will look past the weakness of the US economy. The strength of the
The Week In ETFs: Best Performing ETF Of 2016 Has Silver Lining
By Drew Voros ETF.com Editor-in-Chief While gold has been stealing the headlines from stocks and bonds, the real unsung performance hero of the year so far has been silver, and with that, the best-performing, nonleveraged ETF of the year has been a silver fund, with related silver ETFs right behind. The gray
Dollar Pares Pre-Weekend Gains Against Euro and Yen
The US dollar starts what promises to be an eventful week giving back some the gains score in second half of last week against the euro and yen. Equity markets are extending their pre-weekend losses. Commodities are also trading with a heavier bias. Markets in Australia, New Zealand, and Italy are closed for
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