EUR/USD had a positive week, gaining some ground within the range. Can it extend its gains further? Here are two opinions: one for 2017 and the other for 2018: Here is their view, courtesy of eFXnews: EUR/USD: Price-Action Into Year-End; 1.19-1.20 Or Bust – ANB AMRO ABN AMRO FX Strategy Research discusses EU/USD outlook and…
At the end of every year, Saxo Bank publishes its ten outrageous predictions for the year ahead, which tend to go against market consensus. Indeed, at the end of 2016, while consensus was calling for a continued economic recovery, Saxo was predicting a “departure from the ‘business as usual’” mentality that’s plagued businesses and central banks since the…
Last week, we warned that dollar’s downside correction to its two-month advance was not over. It slipped further against the euro, yen, and sterling, while it strengthened against the dollar-bloc currencies. The outlook remains mixed for the week ahead, making it difficult to discuss the dollar in general. The Dollar Index is heavily weighted toward the complex…
USD/CHF: The pair looks to weaken further lower having declined the past week. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will…
Moody’s upgrade to India’s credit rating comes as a much-needed boost for India’s Prime Minister, Narendra Modi, who has been criticised for the fallout from the goods and services tax (GST) and demonetisation reforms. Indeed, Moody’s argued that Modi’s reforms will help to stabilize India’s rising debt levels. According to Reuters. Moody’s Investors Service upgraded…
Shares of Cisco Systems Inc. (CSCO – Free Report) rallied to a 52-week high of $36.67, eventually closing a tad lower at $35.88 on Nov 16. The share price momentum can be primarily attributed to the company’s fiscal first-quarter 2018 earnings that came ahead of expectations. The company’s encouraging guidance has also been one of the tailwinds. Cisco reported…
The S&P 500 opened Friday below yesterday’s close and oscillated around a small range throughout the day, closing with a daily loss of 0.26% and a weekly loss of 0.13%. Year-to-date, the index is up 15.19%. The U.S. Treasury puts the closing yield on the 10-year note at 2.35%. Here is a daily chart of…
On today’s special podcast edition of Market Week in Review, Consulting Director Sophie Antal Gilbert chatted with Mark Eibel, director, client investment strategies, about the latest U.S. core inflation and retail sales numbers and the impact they could have on the U.S. Federal Reserve (the Fed) as it weighs a December funds rate hike. Encouraging…
Energy stocks have turned around lately, but they have been big-time laggards this year. The sector’s travails didn’t start this year; it has been struggling since about mid-2014 when oil prices turned south and didn’t settle down till early 2016. The single most important variable driving energy company stocks is the price of oil. You…
Energy stocks have turned around lately, but they have been big-time laggards this year. The sector’s travails didn’t start this year; it has been struggling since about mid-2014 when oil prices turned south and didn’t settle down till early 2016. The single most important variable driving energy company stocks is the price of oil. You…
