RBA Forecasts to Be Consistent With On Hold Policy
The first RBA meeting of 2019 takes place on Tuesday and will be followed by a speech from Governor Lowe on Wednesday and Statement on Monetary Policy on Friday. We believe the RBA will lower their growth forecast in response...
FOMC Review: All We Need Is Just A Little Patience
As widely expected, at the meeting the Fed did not raise its target range, which remains at 2.25-2.50%. More interesting was the statement filled with changes, which reflects what we heard in speeches ahead of the meeting. The Fed no...
FOMC Review – Fed Calls for Patience on Further Rate Hike
The Fed addressed the issues we are concerned with, in quite a dovish tone, at the January meeting. As widely anticipated, the Fed funds rate stayed unchanged at 2.25-2.5%. The members removed the forward guidance of gradual interest rate increases....
Art Cashin: It’s ‘pretty obvious’ the Fed is moving to the whims of the markets
The Federal Reserve is continuing to change its tune as officials react to the whims of the stock markets, veteran trader Art Cashin told CNBC on Wednesday. “It’s pretty obvious,” he said on “Closing Bell.” “The fact that you look...
US Government Shutdown Impact, and the Prospect for More
The US government shutdown has ended, for the next two weeks at least, leaving a trail of delayed economic data and lost economic output in its wake. Unless Republicans and Democrats can reach a compromise soon, the government will likely...
Elliott Wave Analysis: GOLD and Silver Intra-day Update
GOLD is currently dropping from the highs, which can be first evidences of a completed bigger impulse from January of 24. That said, a drop below the 1300/1302 level would mean a deeper pullback to be in play, while a...
MARKET WRAP: Stocks Closed Higher Ahead of Fed Decision
Fed is likely to remain on autopilot and data dependent. Traders are not expecting another rate hike but they expect a dovish statement. Stocks The S&P 500 Index jumped 0.7 percent as of 15:32 in London. The Stoxx Europe 600...
UK 100 Index Creates Upside Rally in Short Term
UK 100 stock index (FTSE 100) is set to record another strong green day, surging above the 50-simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downleg from 7900 to 6533 around 6858 in the daily chart....
Watch the Context Summits’ global economics panel
[The stream is slated to start at 10:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] David Zervos, chief investment officer of Jefferies’ global macro division is set to participate in...
December pending home sales drop to lowest point in five years, despite much lower interest rates
House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales...
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