WTI Oil Outlook: WTI Hits New 2019 High, Supported by Supply Concerns
WTI oil price advances further on Monday and on track to mark eventual break above two-week congestion, after last Friday’s spike to $60.71 proved to be false break. Tighter oil market on OPEC+ production cut and sanctions on Iran and...
US Retail Sales Disappointment Raises Doubts on Optimism from Chinese Data
Global markets are generally in risk-on mode today as recession fears eased mildly after improvement in Chinese manufacturing data. While sentiments remain generally positive in early US session, there is a slight bit of cautiousness after disappointment retail sales from...
Trump advisor Hassett attributes rise in retirement savings optimism to strong economy and market
A top economic advisor to President Donald Trump told CNBC on Monday he was “stunned” to hear Americans are feeling more optimistic about saving for retirement. Kevin Hassett, chairman of the Council of Economic Advisers, was responding to a CNBC...
Canadian Dollar Steady, US Durables Next
The Canadian dollar has started the week with slight gains. Currently, the pair is trading at 1.3365, up 0.14% on the day. On the release front, Canada releases manufacturing PMI, which has slowed for three straight months. Will we see...
DAX Jumps after Chinese Manufacturing PMI Improves
European equity markets have started the week with strong gains, and the German DAX is up 1.13% in Monday trade. Currently, the DAX is trading at 11.652, up 1.1% on the day. In economic news, German and eurozone manufacturing PMIs...
Impact investing: The mindless mantra – ‘doing well by doing good’
On the recommendation of a few people in the impact investment community I am reading ‘Winners take all: The elite charade of changing the world’, and although I’m only a third of the way through, I’m already reeling. By next...
Stocks making the biggest moves premarket: Kellogg, J&J, T-Mobile, PG&E & more
Check out the companies making headlines before the bell: Cal-Maine Foods — The egg producer reported quarterly profit of 82 cents per share, well above the consensus estimate of 43 cents a share. Revenue also topped Wall Street forecasts. Cal-Maine...
AUD/USD Outlook: Aussie Stands At The Front Foot On Fresh Risk Mode Ahead Of RBA
The Aussie dollar extends recovery above 0.71 handle on Monday, boosted by renewed risk appetite. Recovery emerged from solid Fibo support at 0.7066 on Friday, where two-day fall bottomed. Overall tone is still neutral as the price action remains within...
EUR/USD Analysis: Limited Correction Ahead Of Final Push Towards 1.1176 Target
Deeply oversold stochastic signals adjustment after last week’s strong fall, but overall structure remains negative. Strengthening bearish momentum and double close below pivotal Fibo support at 1.1240 (76.4% of 1.1176/1.1448) add to negative outlook. Solid offers at 1.1280/1.1300 zone (broken...
Macaskill on markets: After the Draghi put, a Coeuré call?
Draghi ended his last full year as ECB president with a performance that deployed his trademark adroit management of market expectations with choreographed policy changes. He confirmed in a December press conference that expansion of the ECB’s quantitative easing (QE)...
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