Investing Daily Article of the Week by Deon Vernoody It is unlikely that the election of the Liberal Party as the new Canadian Government will have any major impact on the financial markets in the immediate future. The prospects for a considerable portion of the major listed companies are mainly influenced by global growth and commodity…
The main event today is the ECB meeting. Many observers expect a dovish tilt as Draghi prepares to expand QE in December. A Bloomberg survey conducted last week found that 80% of economists expect the ECB to eventually do so, with 56% expecting it at the December 3 meeting. The survey found 86% expect a…
Video Length: 00:02:30 Looking at the upcoming session for Thursday, without a doubt the largest announcement will be the ECB interest rate decision. It’s not just the decision but the statement that will move the markets, as we expect no change. However, comments of course can move the marketplace and therefore we feel the Euro will be in focus….
The EUR/USD pair did very little during the course of the session on Wednesday, as the 1.14 level continues to be far too resistive. However, the European Central Bank has an interest rate decision today, and more importantly a statement afterwards. With that being the case, the market will more than likely see quite a…
The European Commission decided two of its major tax subsidy cases on Wednesday, October 21, and the rulings could not have been worse for Starbucks and Fiat (FCAM) (h/t Chillin’ Competition). These cases can be seen as a barometer of what is to come in the legally similar but much larger case of Apple, where potentially billions…
GBPJPY: With the cross closing lower on price failure on Wednesday, we envisage further move lower in the days ahead. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level. Its daily…
Commentary and Performance Stocks are hitting some air pockets of resistance. All three major indexes were down: SP-500 @ 2018.84 (-11.83 / -0.58%); Nasdaq-100 @ 4413.52 (-24.66 / -0.56%); and Russell-2000 @ 1144.95 (-18.32 / -157%). The VIX has bottomed for now and put in a bullish reversal by surpassing yesterday’s high to finish @ 16.70 (+0.95 / +6.03%). Treasury rates moved down to lift bond prices. The 10-Yr rate…
Kinder Morgan (KMI – Analyst Report) is the Houston headquartered energy company that provides energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2). The Company operates: natural gas pipelines in the Rocky Mountains, the Midwest and Texas; refined petroleum products pipeline in North America; terminals for the storage of petroleum…
When it comes to assets, economists, Wall Street, and central planners love them all… except one: gold. Forget about Bernanke’s hilarious sworn testimony that gold has “value only due to tradition”, and recall Mario Draghi’s QE announcement in December 2014 when asked what sorts of assets should be included in QE, his response: “we discussed all…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 48 = 17,168 SPX – 11 = 2018 NAS – 40 = 4840 10 YR YLD – .04 = 2.03% OIL – 1.08 = 45.21 GOLD – 9.10 = 1167.70 SILV – .22 = 15.78 Oil futures settled at their lowest level in…
