Day: December 14, 2018
Aussie Tanks vs Greenback (AUD/USD) after China’s Horrendous Industrial and Retail Sales Data
Since the beginning of the year, the Australian dollar has dropped sharply against the greenback, predominantly on the stronger dollar move. The US currency was stronger earlier in the year on the expectations the US economy was strong, and the Fed was poised to accelerate the pace of rate increases. The last half of the …
Australia & New Zealand Weekly: What Might Our Economic Forecasts Mean for Investors?
Week beginning 17 December 2018 What might our economic forecasts mean for investors? Australia: Federal Budget mid-year update, RBA minutes, employment, Westpac-MI Leading Index. NZ: GDP, Westpac-MM consumer confidence, business confidence, current account. Europe: consumer confidence. US: FOMC policy decision, GDP 3rd estimate, durable goods orders. Central banks: BOE policy decision, BOJ policy decision. Key …
Australia & New Zealand Weekly: What Might Our Economic Forecasts Mean for Investors?Read More
Week Ahead – Fed Decides as Pressure Grows to Pause Rate Hikes; BoE and BoJ Meet Too
The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected to draw as much attention. Instead, economic data will be grabbing the headlines …
Week Ahead – Fed Decides as Pressure Grows to Pause Rate Hikes; BoE and BoJ Meet TooRead More
China Weekly Letter: Improvement in Trade War, Deterioration in Tech War
Positive signals on the trade front despite tensions in other areas The ‘tech war’ moved to the next level – US tech could be caught in the crossfire More signs of economic weakening – it gets worse before it gets better Both sides keen on making a trade deal While the US-China ‘tech war’ has …
China Weekly Letter: Improvement in Trade War, Deterioration in Tech WarRead More
Santander’s second LatAm engine
While profits in the UK slipped by 13% in the first three months of the year, the bank beat estimates thanks largely to the Brazilian bank’s latest blockbuster result. In the third quarter, Santander’s Brazilian business grew earnings by 20% year-over-year to reach R$3.1 billion and it is now the biggest individual contributor to Santander’s …
FX: Wary investors still suspicious of currency-hedged ETFs
According to Bloomberg data, assets in currency-hedged exchange-traded funds had more than halved by the beginning of 2018 from their 2015 peak of $63 billion. Yet about 81% of hedged funds have outperformed their unhedged equivalents over the last 12 months, a figure that rises to 89% over a five-year time frame. Sal Bruno,IndexIQ The …
FX: Wary investors still suspicious of currency-hedged ETFsRead More
Your first trade for Friday, December 14
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of the Utilities ETF. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a seller of Costco. Guy Adami was a buyer of Bristol-Myers Squibb. Trader disclosure: On December 13, 2018 the following stocks and commodities mentioned …
Major Stock Indices
A stock market index is a section of stocks in a market. It is used by traders and economists to compare returns on different assets, to track the overall economy or as an investment vehicle. Among the most common types of indexes include global indices, regional indices and national indices. When you see a wide-eyed …
Yen and Dollar Soar on Risk Aversion, EUR/USD Downside Breakout Imminent
Yen and Dollar are the strongest ones today as global stock markets are back in selloff mode. Sentiments turned sour after weaker than expected Chinese sales and production data. Adding to that, Eurozone came showed further decline in growth momentum, verifying ECB’s concerns. China’s concessions on retaliation tariffs on US autos are a positive news, …
Yen and Dollar Soar on Risk Aversion, EUR/USD Downside Breakout ImminentRead More
EUR/JPY: Euro Extends Decline as Eurozone Growth Concerns Mount
Yesterday’s slightly more dovish ECB statement and press conference saw the euro fall. And there has been further follow-through on the back of today’s publication of disappointing manufacturing and services sector surveys from the Eurozone, underscoring the ECB President Mario Draghi’s “increasing caution” outlook on the economy and highlight euro’s vulnerability. Bizarrely, though, ECB’s Nowotny …
EUR/JPY: Euro Extends Decline as Eurozone Growth Concerns MountRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
