Bond King Jeffrey Gundlach says we just got ‘the most recessionary signal’ yet
Drooping consumer sentiment is pointing the way to a substantial economic slowdown, if history is any guide. In particular, the gap between current sentiment and future expectations has blown out wider, according to the Conference Board’s Consumer Confidence Index released...
Brexit is a nail in the high-street bank’s coffin
Opening a letter from Santander recently, for a moment I get a sense of the kind of popular outrage directed against London and its financial industry – even though the latter benefits me more than most. My local bank branch,...
Fed Meeting: All Eyes on Powell’s Balance Sheet Remarks
The Fed is widely expected to keep policy unchanged when it announces its decision on Wednesday, at 1900 GMT. Even though there won’t be any updated forecasts this time, Chair Powell will hold a press conference after the event, and...
Eurozone to Trim Growth in Q4, Inflation to Step Down in December
Eurozone’s initial GDP growth estimates for the fourth quarter could put the euro in a vulnerable position when they come out on Thursday at 1000 GMT as forecasters see the economy drying up before the start of an uncertain year. A day...
Apple and Facebook have a better chance than Amazon of beating earnings expectations
If history is a guide, there’s a very good chance Apple’s earnings will be better than expected when it reports Tuesday afternoon, but the stock may not perform all that well. Bespoke Finance Group studied three FANG-related stocks reporting earnings...
USD/TRY Outlook: Recovery from 200SMA Struggles to Extend and Keep Risk of Fresh Weakness in Play
Monday’s close above daily close base, following bounce after short-lived probes below 200SMA, was initial positive signal. Recovery extension cracked converged 55/30SMA’s (5.3358 / 5.3459) but without clear break for now. Fears that lira could extend weakness after recent rally...
Sterling Regains Ground But Upside Limited by Brexit Uncertainties
Sterling strengthens broadly today but upside is capped as markets are now watching Brexit debate in the Commons. The opening statement of May was rather dull as she repeated the pledge to deliver Brexit. Meanwhile the situation got more complicated...
DXY: Dollar Could Extend Losses
If it feels like it has been a quiet-ish start to the week for FX, it is because it has. But as my colleague Matt Weller pointed out yesterday, this could be the “calm before the storm.” Brexit-related headlines should...
EUR/USD Outlook: Bulls Struggle At 100SMA, No Clear Direction Signal As Techs Are Mixed
The Euro holds in green for the third straight day and extended advance to new two-week high at 1.1450. Bulls were capped by 100SMA so far and may struggle to break higher despite strong bullish signal generated on Monday’s close...
How to Create a Trading Plan | Podcast
Key Points Covered in This Podcast A trading plan is just as important for psychology and risk management as it is for strategy and analysis A minimalist approach prevents ‘paralysis by analysis’ Seek favorable risk to reward ratios over high...