Previews of the Reserve Bank of New Zealand are here:2pm New Zealand time on the 27th is:0100 GMT on the 27th2000 US Eastern time on the 26th***Also on the calendar are Australian inflation data for October 2024. In Australia, the Consumer Price Index (CPI) measures...
Trade ideas thread – Wednesday, 27 November, 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,...
Bank of England Lombardelli says too early to quantify effects of proposed tariffs
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,...
US equity close: Big bids arrive late
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,...
Reserve Bank of New Zealand meet Wednesday, November 27, 2024 – preview
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,...
With all the focus on Bessent, are we underestimating Kevin Warsh?
There was a big rally in bonds on Monday and they've held up well today despite a moderate retracement. Much of the talk on Monday was about Scott Bessent getting the nomination for Treasury Secretary but what might have driven a big part of the move was a detail in...
Biden touts Israel-Lebanon ceasefire
This has been rumored for weeks and yesterday it was reported that it was coming imminently. Gold and oil have sold off substantially on it already. The vote to approve it in the Israeli cabinet was 10-1.Sell the rumor, buy the fact?Biden also says there will be a...
S&P and Dow on track to a record close. Dell earnings after the close
All three major indices are now positive on the day. The gains are led by the S&P index which is up 0.41%. The NASDAQ index is up 0.39%. The Dow industrial average which was down by as much as -309.91 points is now back in positive territory with a gain of 59.23...
Could Trump lean on a weaker dollar as is main policy lever?
Bretton Woods, New HampshireHere is an interesting passage from a letter from Scott Bessent via his hedge fund in January of this year:Another differentiated view that we have is that Trump will pursue a weak dollar policy rather than implementing tariffs. Tariffs are...
Stock Splits: Boosting Investor Participation in the Market
A stock split is a corporate action where a company issues additional shares to shareholders, increasing the total number of shares while reducing the share price proportionally. This process does not alter the company’s market capitalization but can affect investor...
Are we in a bubble? Where 5 measures of market sentiment stand
Sentiment certainly feels elevated but are there major red flags? Or still time to ride the equity wave? Price action has been constructive as dips are bought, even with crypto taking a break. So where do we stand? Let's look at a few indicators.The fear and greed...
A look at the Fed minutes by separating references to groups of “participants”.
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,...
FOMC Minutes: Many said uncertainty over neutral rate made it appropriate to move slowly
Highlights from the Nov 6-7 FOMC decision:🔹 ON FUTURE POLICY PATH: "Participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2 percent and the economy remaining near maximum employment, it would likely...
FOMC Minutes coming up at the top of the hour
AI imageHeads up, the FOMC Minutes are due at the top of the hour.The next meeting is on December 18 and the market is pricing in a 58% chance of a cut with the remainder at 'no change'. I expect indications to point to a 'meeting-by-meeting' approach and that the...
No help from OPEC reports: Oil slumps
WTI crude oil is at the lows of the day, down $0.80 to $68.12 after rising as high as $70.30 early in US trading.The spike to the highs of the day came on a Reuters report saying that OPEC+ nations are discussing a further delay to a planned output return that was...
Trump’s plan to impose 25% tariffs on Canadian and Mexican imports doesn’t exempt oil
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,...
US treasury auctions off $70 billion of five year notes at a high yield of 4.197%
The US treasury auctioned off $70 billion of five year notes at a high yield of 4.197%. Details of the auction:High yield 4.197%Tail -0.2 basis points versus six-month average of 0.7 basis pointsBid to cover 2.43X vs six-month average of 2.37X Directs 24.58% versus...
Israel cabinet approves cease-fire deal with Lebanon
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,...
US Treasury to auction $70B of 5 year notes at the top of the hour
At 1 PM ET, the US treasury will auction $70 billion 5-year Treasury note auction. The primary demand for 5-year notes has been weaker this year, with 70% of auctions tailing by an average of 1.0 bp. According to BMO, the auction is expected to clear at the highest...
Mexican finance minister: Tariffs are a tax and would hurt both countries
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,...