Growth forecasts are rising and economy looks nowhere near as bad as bond market predicts
Shoppers walking in the Herald Square area of New York. Michael Nagle | Bloomberg | Getty Images By many measures, the economy is outshining the depressed picture the bond market has been painting of growth, and a big reason is...
How to Trade the Dark Cloud Cover Candlestick
The Dark Cloud Cover pattern is used by many traders to spot reversals in the market and achieve favorable risk to reward ratios. It is fairly easy to spot, however, traders need to view the formation of the Dark Cloud...
US: Retail Sales Surge in July and Start the Third Quarter on Solid Footing
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Flat On Crude OIL Targets 53.0/52.0 Zone – Elliott Wave
Crude oil is still trading in a corrective wave B as part of expanded flat correction that can jump up to 61,8% Fibo. retracement and 56 level, from where we should be aware of another decline for wave C down...
Trump, Navarro are the only officials in the White House blaming the Fed for volatility, sources say
President Donald Trump and economic advisor Peter Navarro are alone in the White House when it comes to blaming Federal Reserve Chairman Jerome Powell for the economic slowdown, administration officials told CNBC. The president has criticized his central bank chief...
Euro Dives on German Yield, Dollar and Pound Supported by Retail Sales
The global financial markets turned a bit mixed today even though risk aversion remains the underlying theme. European stocks are generally lower while US stocks recovers, turning into consolidations. Comments from China suggests that retaliation is still underway despite delay...
Falling mortgage rates boost homebuilder confidence, but not new construction
The nation’s homebuilders are feeling better about their business, as falling mortgage rates help more buyers afford homes. They are still not, however, building enough homes to meet demand. That has less to do with buyer demand and more to...
Mexico is not a safe option for investors fleeing Argentina
With attentions focused on the market reaction to a potential electoral defeat later this year for Argentina’s president Mauricio Macri, investors eyeing Mexico as a suitable alternative would do well to take heed of the warnings. Lying 38th in Euromoney’s...
USDJPY Hold Short
The US dollar remains technically bearish against the Japanese yen currency as price is repeatedly pushed lower from above the 106.50 level. Huge moves in global bond markets are creating pockets of volatility in the USDJPY pair, which are provoking...
Financial Markets On Selloff After Recession Fears
Yesterday, the European and UK stock markets along with Wall Street posted losses after market participants observed data indicating to a recession. In the US and the UK, the 2 year treasuries yield moved higher than the 10 year treasury....