Here is the latest Economic News from the NASDAQ.
Fed Wont Raise Rate Prior to the General Election?
Uh… OK… This is exactly what I feared would hnasdaq.com/newsappen on a date like August 19th… We’re discussing the stock market its trends, its distractions… and… WHAT? The Fed has already tipped its hand
Currencies: Aussie Takes A Hit
Oil Prices Continue To Rise On Hollow Saudi Comments
Last week Saudi Arabia’s Oil Minister said that the large number of short positions on crude have caused prices to fall, even though the market is already rebalancing itself. This statement immediately led to frantic covering, which pushed prices higher. This is just the latest confirmation that Saudi Arabia has
Are Employment Numbers To Be Believed?
The problem I have with employment data is that it cannot be validated with any precision in real time. You would think in 2016 with internet connectivity there should be no issue assembling accurate data in real time. Yet, the BLS uses two forms of ESTIMATING employment that are straight out of the dark ages: the
Betting On A Down Year For Stocks Is A Bad Bet
We’re eight months into the year. When we opened 2016, the broader mood about markets was still gunshy of another (crisis) shoe to drop. Wall Street was, on average, almost reluctantly, forecasting about an average year for stocks (about 8%). We’re about there already. The hedge fund community, by nature
Walmart Up, Jobless Claims Down
Market futures are down slightly again this morning, though they started this way Wednesday morning, only to turn around on firmer language from Fed minutes released from the FOMC’s most recent meeting. Also, Q2 earnings season winds down with
Time For A Temporary Turnaround In GBP?
Marshall Gittler, Head of Investment research, FXPRIMUS.com The pound has indeed suffered greatly recently. I’m reminded of a scene from Spitting Images , a political puppet show that used to appear on British TV. During one of the perennial sterling crises, it showed an anthropomorphic pound sign standing on
US Dollar Pushed Lower, But Do FOMC Minutes Really Trump Dudley?
Currencies: Cable And Aussie Ride The Data To Session Highs
Market Futures Point To A Mixed Open
Market futures point to a mixed open ahead of the bell this morning, with the Nasdaq in slightly positive territory, the Dow down in the low double digits and the S&P 500 basically unched. Most of the Dow laggards
Following Forex For Clues About The Fed
Maybe it is a natural bias after decades of making a living in the interbank forex market, but I strongly maintain that the one essential area that every trader and investor should follow closely is the foreign exchange market. In an increasingly globalized investment environment, tracking the global flow of capital
Dollar Snaps Back
In a Fed Meeting Minute, Everything Can Change
In the blink of an eye. In a heartbeat. In a New York minute. Life can and does change in these thinnest slices of time. And yet for Don Henley ’s anthem to the swiftness of change, and just how quickly those sharing our lives’ most precious moments can be lost, he ran against the norm for 6.22 minutes of endless
Markets Focus On Housing Starts, Building Permits And CPI
This morning, we see reports on Housing Starts and Building Permits, as well as the Consumer Price Index (CPI). At first blush, we’re seeing numbers in line with expectations thus, market futures are not being shaken up by the
Large-Cap ETF Dominance Fading
For the last few years, large-cap ETFs have been outperforming midcap ETFs and small-cap ETFs as the broader market fared better during a period of low volatility and lower return expectations. But this year, that has begun to change. While the S&P 500, as represented by SPDR S&P 500 ETF Trust ( SPY ) , is up
Market Volume Is Expected To Slowdown
We’ve now begun to enter the post Q2 earnings season, meaning a slowdown in market volume between now and the Labor Day holiday is expected. Here in the U.S., positive job growth and low interest rates have set the
Dollar Eases To Start The New Week
USD/JPY Continues to Struggle
HCPs Big Dividend And Its New QCP Risks
By Blue Harbinger HCP Inc. (NYSE HCP ) is an attractive big dividend (6.0%) healthcare REIT that has been plagued by ongoing challenges with its largest tenant, HCR ManorCare. This week we received new information on HCP’s plans to
Dollar Shakes Off Weak Retail Sales, A Sign of Strength
Daily FX Market Roundup 08.12.16 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar ended the week lower against most major currencies. We saw some dollar weakness at the start of the week but the disappointing retail sales report sealed the fate for the greenback.
Weak Retail Sales and PPI Data To Look For
To begin the last day of the trading week following an exemplary day in the markets Thursday, where the Dow, Nasdaq and S&P 500 all hit new highs we see new data on Retail Sales and the Producer Price
Dollar Rally Needs A Good US Retail Sales Number
Navigating Confused, Distorted Markets
I am sure I am not alone in believing that financial markets and the economic data that shapes them are in a nonsensical, contradictory phase right now. After over thirty years of working in, studying and following markets, there are certain relationships that are so ingrained that you just take them for granted. For
So What About Free Trade?
Jobless Claims Retained Weekly Stability
U.S. jobless claims retained their weekly steadiness this morning, reporting 266K claims. This is down 1000 from last week’s slightly revised number. The 4 week moving average rises a bit to 262,750, but remains firmly within a healthy 250
Why Wall Street's Depression Is Keeping You Out Of The Stock Market
We’ve talked in recent months about the power of positive surprises. Earnings expectations have been ratcheted down. Economic expectations have been ratcheted down. Both set the table for positive surprises, which is very bullish for stocks. And, as we discussed yesterday, now the Fed appears to have
FX: Kiwi Hits A Ceiling, Cable Cumbles
Sterling Struggles To Find A Bid, While RBNZ Can't Knock Kiwi Down
Did OPEC Just Issue A Warning For Oil Prices In 2017?
OPEC upgraded on Wednesday its 2016 projections for world oil demand growth to 1.22 million barrels a day (mb/d), up by 30,000 b/d from its previous estimate, but warned that there were “lingering concerns” that refiners in the U.S. and Europe may cut processing rates, which could decrease the demand for crude.
Bernanke Gives Us Valuable Clues On The Fed
After the past two weeks, that included a Fed decision, more BOJ action, the approval of Japanese fiscal stimulus, a rate cut and the return to QE for the Bank of England, and a strong jobs report, this week is a relative snoozer. With that, every headline this week seems to contain the word Trump. Clearly the media
The U.S. Consumer: Are the Jetsons Jets Still On?
Mention George Jetson , and we not only get the picture but mentally hum the tune. Tell us the show was only produced for one season way back in 1962, and we think that can’t be right. The show was only produced for one season? But we all watched it for years. Those couldn’t have all been reruns! Were they? As is
Rio Olympics, Zika And More
The 2016 Rio Summer Olympics are in full swing, with the USA typically leading in the overall medal count behind big wins in the pool from Michael Phelps, Katie Ledecky and others, the women’s gymnastics team, etc. But we’ve
FX Consolidation Resolved in Favor of Weaker US Dollar
The robust US jobs report at the end of last week had arrested the down draft seen the previous week in response to the disappointing Q2 GDP report. The mostly sideways movement has given way to a broader pullback today. The greenback is heavier against all the major and most emerging market currencies today.
Oil, DAX And Nikkei Should Outpace U.S. Stocks Through Year End
Yesterday we walked through five charts from key global stock markets. As we know, the S&P 500 has been leading the way, printing new highs this week. U.S. stocks serve as a proxy on global economic stability confidence, so when stocks go up in the U.S., in this environment, there becomes a feedback loop of
Bernanke's Advice: More Emphasis On Data, Less On Fed Guidance
Former Fed Chair Bernanke keeps a blog at Brookings. His latest post offers insight into how to think about Federal Reserve, and in particular, Fed officials’ understanding of the US economy. Bernanke’s beginning point is the long-term forecasts of the Summary of Economic Projections–the last dots in the
Productivity and Labor Costs Disapponting
Data news ahead of the bell today Productivity and Labor Costs posted some worse than expected results. Q2 productivity fell 0.5%, whereas expectations were to have grown 0.5%. This follows a 0.6% read in Q1, meaning over the past
Europe Headed For Second Banking Crisis In Under A Decade
Post-Brexit pain is only starting to take hold and will continue to get worse. Investors around the world are growing increasingly nervous that Europe is sailing headfirst into a new banking crisis. Britain’s vote to exit the EU in June has only compounded those strains sending the banks into crisis mode. Although
M&A To Look For
Mergers and acquisitions are taking the early morning headlines to start the new trading week. Walmart WMT has closed its buyout of private e commerce firm Jet.com for $3.3 billion in cash and WMT shares. South African retailer Steinhoff
5 Key Market Charts For The Week Of Aug. 8, 2016
Forex Outlook: Will August 2016 Be Another Rollercoaster Ride?
What Does Friday's NFP Mean For The Fed?
Market Drivers August 8, 2016 CNY Trade Balance Better GE Industrial Production in line Nikkei 2.44% Dax 0.96% Oil $42/bbl Gold $1336/oz. Europe and Asia : CNY Trade Balance 52.3B vs. 48B EUR GE IP 0.8% vs. 0.8% EUR Sentix 4.2 vs. 3.6 North America : CAD Building Permits 08:30 USD Labor Market Conditions 10:00
Stock Market This Week: Proceed With Caution
What a difference a week makes. I have been off for this last week and paying little attention to the markets. Even so, I couldn’t help but notice a spectacularly good jobs number on Friday. The U.S. economy added 255,000 jobs last month, easily beating expectations and indicating that American businesses are, at
Is Global Stimulus Combo Punch Finally Coming?
Today, in response to the Brexit uncertainty ahead, the Bank of England cut rates and rolled out plans of a fresh round of government bond buying (and this time some corporate bonds as well). So now we have QE at work in three of the top four central banks in the world. In initial response to the global financial
Are Spending Habits Changing?
US Jobs Data On Tap Today; Don't Expect Miracles
Upbeat July Jobs Report
The Bureau of Labor Statistics (BLS) July non farm payroll report was released this morning to a plurality of sighs of relief following the manic past 2 months in BLS jobs reads, analysts were a tad reticent to predict
Bank Of England Trims Rate, Markets Jump
Market futures jumped up this morning on news by the Bank of England (BOE) to cut interest rates 25 basis points for the first time since March 2009. BOE Governor Mark Carney also announced raising the central bank’s quantitative
Private Payrolls Rose in July
As in the first week of any new month, expectations rise as to how jobs growth has been going. If you had to choose one most important component analysts use to determine the health of the U.S. economy, the
Dear Job Market, Take This Indicator and Shove It!
Some songs are just destined to be belted out while speeding down an open highway with the all the windows down, your hair whipping in the wind and the dust flying. Donald Eugene Lytle, aka, Johnny Paycheck, delivered one in spades with his catchy, purposely grammatically incorrect rendition of David Allan Coe’s
The Bank of England Owns Today, But Tomorrow Is A Different Story
Why The Bear Market Could Be Over In A Flash
Oil entered bear market territory this week as WTI and Brent fell more than 20 percent from their June peaks. WTI even dropped below $40 per barrel for the first time in three months and oil traders have become incredibly pessimistic about the trajectory of oil prices, settling in for another summer swoon. But
Aussie, Yen Rally As Markets Challenge Policymakers
Greenback Slides Despite RBA Rate Cut And 7-year Low In UK Construction PMI
Stock Market Futures Are Down
Q2 earnings season may have passed the midway point last week, but plenty of important companies are reporting earnings this morning, mostly with good results. Stock market futures are down ahead of the market, but perhaps positive earnings in
FX: Can US Data Lift The Dollar?
Global Markets: Consolidation Featured
Another Potential Third Wave Set Up In The Making
By Avi Gilburt, ElliottWaveTrader.net In Elliott Wave parlance, 3rd waves are the segment of a trend move which provides the strongest market action. This is why we are always on the “lookout” for the set-ups for 3rd waves. Whereas silver has already seen the heart of a 3rd several weeks ago, we now may be
Global Markets: The Dog Days of August
Dollar Rebounds After Horrid Week
AUD/USD Forming Head and Shoulder: RBA Rate Decision Coming Up
Quite a shaky start of the week as the after-effects of Japan’s policy announcement from Friday kicked in. This week we are all ears to hear from Australia as AUDUSD forming head and shoulder chart pattern on the forex dance floor . Checkout the outlines here and I’ll get in more detail during our private time <img src="https://s.w.org/images/core/emoji/72x72/1f642.png" alt="