The British Chambers of Commerce (BCC) Quarterly Economic Forecast makes a surprising argument. Researchers there are looking for a series of mini rate cuts from the Bank of England. In the note, the BCC says that after the first interest rate cut in over four years...
JP Morgan forecasts Brent crude oil to low $60s
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Options are pricing in big stock swings on NFP Friday
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ICYMI – China will cut the retail prices of gasoline and diesel on Friday (i.e. today)
The National Development and Reform Commission of the People's Republic of China (NDRC) is China's 'state planner'. The NDRC has announced a measure that should serve as a form of stimulus:Gasoline and diesel prices will both be reduced by 100 yuan per tonneThis is...
Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
Markets:Gold up $21 to $2515US 10-year yields down 4 bps to 3.73%WTI crude oil down 2-cents to $69.17S&P 500 down 0.3%NZD leads, USD lagsThe usual angst crept into markets ahead of non-farm payrolls and it led to some back-and-forth swings with no real direction....
Broadcom earnings beat on the top and bottom lines, but the stock is lower
Broadcom earnings are showing:EPS comes in at $1.24 versus expected $1.20. BEATRevenues come in at $13.07 billion versus expected $12.96 billion BEATAdjusted EBITDA came in at $8.22 billion versus expected $7.89 billion. BEATForward guidance comes in at $14 billion...
Major US stock indices close the day makes ahead of key jobs data tomorrow
The major US stock indices are closing the day with mixed results. On a top side, the NASDAQ index is closing higher with a gain of 43.37 points or 0.25% at 17127.66.On the downside, the Dow industrial average felt -219.22 points or -0.54% at 40,755.74. The S&P...
Economic calendar in Asia Friday, September 6, 2024
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Trade ideas thread – Friday, 6 September, insightful charts, technical analysis, ideas
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
What would it take from non-farm payrolls to get a 50 basis point cut?
non-farm payrollsIan Lyngen is a great fixed income strategist and today he weighs in on the huge bid in bonds and what it would take to make a 50 basis point cut as the baseline:"The Treasury market is pricing in a weaker employment report than we’re likely to see,"...
BofA: We see three reasons for more USD downside after Aug selloff
BofA expects additional USD weakness following the August sell-off, citing historical patterns, valuation concerns, and shifting global financial conditions.Key Points:Historical Patterns:DXY Downtrend: After similar bearish breakouts in the past, the DXY index has...
US crude oil futures settled at $69.15
Crude oil futures is settling at $69.15 after trying to rebound for the first time in four trading days. It was not meant to be. The price is closing lower for the fourth consecutive day.The high for the day reached $70.78. The low for the day reached $68.79.What is...
Cable rises to the best levels of the week
GBP/USD dailyThe pound has made steady progress today and is now at the best levels of the week, despite a mixed picture for risk assets overall. It's up 36 pips to 1.3180, which is the best since Friday and would be the best closing level since last Wednesday.Much of...
Broadcom announces earnings after the close
Broadcom will announce earnings after the close. What is expected?EPS $1.22Revenues $12.979THe price of Broadcom - like other chip stocks - has been hit over the last few weeks of trading. From the high on August 22 and $172.42, the price has move down to a low of...
Preview: Why August non-farm payrolls frequently disappoint
Consensus estimate +160K versus +175K prior (range +100K to +246K)July was +114K Private consensus +139K versus +148K priorUnemployment rate consensus estimate 4.2% versus 4.3% priorPrior participation rate 62.6%Prior underemployment U6 7.8% vAvg hourly earnings y/y...
GOP Nominee Trump: Will easily end 10 regulations for every new one
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10 Tips Most Investors Wish They Heard Sooner
Investment mistakes are always expensive, which is why it’s best to learn from the experiences of others. With that in mind, here are the top ten tips that most investors really wish they had heard (and believed) sooner.1. Start Early The power of compounding means...
What’s the Catch? Risks in Today’s Market
Most companies have reported their earnings for the past quarter; overall, things look pretty solid. Despite a few big tech disappointments, market sentiment has stayed upbeat—things keep climbing.There's strong optimism and ongoing demand for riskier assets, and any...
Watch GOP nominee Trump live at the NY Economic Club
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
GOP nominee Trump to propose a 15% tax rate for companies that manufacture goods in the US
The Wall Street Journal is reporting that GOP nominee and former president Trump is to propose a 15% corporate tax rate for companies that make products in the US. The current low tax rate is 21%. Trump will be speaking in front of the New York economic club shortly....