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, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
Oil sank earlier today after a Reuters report said OPEC+ was considering a fresh output hike this weekend. Later, a report from Bloomberg said OPEC had pumped an additional 400k bdp in August, which is in line with the planned production hike. In the past few minutes though, oil prices have bounced in a big … Read more
One of the quieter but powerful signals in the equity market is the Market-on-Close (MOC) order imbalance. This is where institutions such as mutual funds, ETFs, and hedge funds place orders to buy or sell stocks at the official closing price. Exchanges begin releasing imbalance data 15 minutes before the close, showing whether more dollars … Read more
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
The Bank of England is out with its annual report and it contains comments from MPC members Clare Lombardelli and Alan Taylor. They highlight the differing vies on the path of policy as the market prices in about a 35% chance of a 25 bps cut this year. Lombardelli I’m not confident that if we … Read more
Headlines: Markets: AUD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields down 0.4 bps to 4.273% Gold up 0.4% to $3,547.16 WTI crude down 2.0% to $64.29 Bitcoin up 0.1% to $111,560 After the global bond rout triggered a bit of a scare in broader markets … Read more
Market index 272.5 vs 275.8 prior Purchase index 158.7 vs 163.8 prior Refinance index 902.5 vs 894.1 prior 30-year mortgage rate 6.64% vs 6.69% prior This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates. This article was written by Giuseppe Dellamotta at investinglive.com. fbs.mobi
Introduction American warships are already off the coast of Venezuela. Trump speaks of narcotrafficking, but is that really the whole story? Let’s break down what’s behind these maneuvers — and why oil is once again carrying a risk premium. Why Venezuela? Venezuela holds the world’s largest proven oil reserves — more than 300 billion barrels, … Read more
Slight delay in the release by the source. The rest of the other German state readings released around the same time: North Rhine Westphalia CPI +2.0% vs +1.8% y/y prior Saxony CPI +2.2% vs +1.9% y/y prior Baden Wuerttemberg CPI +2.5% vs +2.3% y/y prior The readings are firmer across the board, as price pressures … Read more
The table below highlights the inflation expectations, with the year-ahead response being unchanged at 2.6%: Overall, that’s still much higher than the ECB target of 2%. So, there’s definitely caution to be had as the fall in inflation expectations begin to hit a bit of a floor for now. In terms of the qualitative response, … Read more
