Economic News, Page

  • U.S Mortgage Rates Up Again, Making It 15 Weekly Rises this Year!

    Mortgage rates were on the rise once more, with rates hitting 4.66%, the highest level since May 2011’s 4.71%, according to figures released by Freddie Mac, the upward trend reported to have been the most sustained rise in rates in over 40-years. According to Freddie Mac, rates have risen in

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  • U.S. Stock Indexes

    Treasury Yields Finish Week Lower in Reaction to Dovish Fed Minutes, Safe-Haven Buying

    U.S. Treasury yields declined on Friday and finished the week lower as investors continued to react to the U.S. Federal Reserve Monetary Policy Meeting Minutes, released on Wednesday, that signaled the central bank could allow inflation to run above its mandated target and renewed geopolitical fears pushed investors into safe-haven

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  • U.S. Federal Reserve

    Increased Tensions at Fed as Central Bank Moves to More Normal Interest Rate Levels

    After a week filled with renewed geopolitical concerns, turned their focus on a pair of economic reports and a few Fed speakers on Friday before moving on to a long holiday week-end. The U.S. Durable Goods report was mixed, while the Revised University of Michigan Consumer Sentiment report came in

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  • Crude Oil

    Small Crude Oil Specs Pay Price for Getting Caught in Bull Trap

    The “little guy” or the small speculator may have paid the price this week for trusting the headlines in the crude oil. Recently, reports of crude oil moving to $80 to $100 before the end of the year have been dominating a few of the financial websites. They became particularly

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  • Revenues At Tiffany & Co. (NYSE:TIF) Soar In The Wake Of Successful Turnaround

    Luxury retailer Tiffany & Co. (NYSE:TIF) beat the estimates of analysts in its first quarter results resulting in the full-year profit and sales forecast being raised. This is a testament to the fact that a strategy rolled out with a view to targeting millenials as well as selling household items

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  • U.S. Government Bonds

    Cancellation of Summit Rattles Stock Investors, Boosts Demand for Safe-Haven Treasurys

    U.S. Treasury markets rose, driving yields lower, on Thursday after President Donald Trump announced that he cancelled the highly anticipated summit with North Korea’s Kim Jong Un.The yield on the benchmark 10-year Treasury note fell to 2.977 percent, while the yield on the 30-year Treasury bond was lower at 3.128

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  • EUR/USD daily chart, May 17, 2018

    Market Snapshot – Risks and Tension Rise as US Cancels Talks

    Rise in TensionToday marked another day of rise in geopolitical tension around the world as Trump and the US confirmed that they have cancelled their scheduled summit with North Korea that was supposed to be held in June. This has marked a large turn around in the tension in that

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  • Trump

    Safe-Haven Assets Rise after Trump Cancels Summit with North Korea

    After several weeks of relative calm in the markets due to the easing of tensions over geopolitical events, volatility appears to be coming back with a vengeance fueled by a couple of flip-flops by the White House over the summit with North Korea and U.S. – China trade relations.Shortly after

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  • Fed Minutes

    Dovish Fed to Let Inflation Run Over Their 2-Percent Goal for “Temporary Period”

    The U.S. Federal Reserve meeting minutes released on Wednesday at 1800 GMT contained few surprises. The minutes pointed to an interest rate hike at the June meeting. This has already been priced into the market. The Fed also indicated it will let inflation run above their 2 percent goal for

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  • Important AUD Pairs’ Technical Overview: 18.04.2018

    Market Snapshot – Geopolitical Tensions Override

    Geopolitical Tensions DominateWe have seen the geopolitical tensions around the world begin to rear its head again as the stock markets have responded to that by moving lower. The move lower began yesterday evening in the US session as the stock indices there moved lower due to comments from Trump

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  • Stock Market Volatility

    Geopolitical Issues are Back, but Fed Minutes will Determine if Excessive Volatility Returns

    Volatility is returning to the stock market as evidenced by Tuesday’s late session sell-off and today’s early follow-through move.Shortly after the opening in the cash market, the benchmark S&P 500 Index is trading 2714.53, down 9.91 or 0.36%, the blue chip Dow Jones Industrial Average is at 24735.66, down 98.75

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  • Hewlett Packard Enterprise Co (NYSE:HPE) Releases Its Q2 Earnings Report Surpassing Analyst Expectations

    Hewlett Packard Enterprise Co (NYSE:HPE) has announced the financial results for its second quarter revealing that it managed to outperform the performance figures projected by analysts.The tech company announced its Q2 earnings on Tuesday revealing that it secured a revenue of $7.5 billion during the quarter and its net earnings

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  • US Dollar

    Dollar Retreats Ahead of Fed Minutes, Rising Concerns Rally May Have Run Its Course

    The U.S. Dollar edged lower against a basket of currencies on Tuesday after posting six consecutive higher closes. The catalyst behind the move was a dip in Treasury yields, position-squaring ahead of the release of the Fed Meeting Minutes on Wednesday and general nervousness over the whether the dollar rally

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  • EUR/USD daily chart, May 17, 2018

    Market Snapshot – Gold Prices Get Some Relief

    Gold Prices HigherThe gold prices have managed to get some relief mainly due to the weakness that is being seen in the dollar over the last 24 hours. The anticipation over the FOMC minutes has reduced to an extent during this period and this has given some respite to the

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  • cmcm

    Cheetah Mobile Inc. (ADR) (NYSE:CMCM) Under Pressure After Mixed Q1 Financial Results

    The company reported earnings per share of 8 cents, a drop from earnings of 13 cents a share reported a year earlier. Despite the drop, the earnings met Wall Street expectations.According to the Chief Executive Officer, Sheng Fu, the company started the year on a high depicted by revenue exceeding

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  • global stocks

    Global Stocks Mostly Higher; US Dollar, Oil and Italy in Focus

    The Italian Election has delivered a Coalition Government that “will put Italian national interests first”. This is creating a tension with the EU as the new government has proposed billions of euro in tax cuts, increased social welfare payments and scrapping pension reform, all of which would break the fiscal

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  • FTSE 100 daily chart, April 19, 2018

    Market Snapshot – Dollar Shoots Higher on Growing Anticipation

    Dollar Grows in SizeThe dollar continued to rise higher and gain in strength over the entire day as the focus for this week is firmly and correctly on the dollar over the last few days. The anticipation over the FOMC meeting and the minutes towards the end of the week

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  • Equity Markets and USD Rise as US Could Tolerate NAFTA Deadline in 2019 for the Right Deal

    Equity Markets and USD Rise as US Could Tolerate NAFTA Deadline in 2019 for the Right Deal

    US Treasury Secretary Steve Mnuchin gave an interview on NAFTA over the weekend where he said that President Trump is “more determined to have a good deal than he’s worried about any deadline”. He spoke about the US acceptance of the deadline slipping into 2019 once the right deal for

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  • AstraZeneca - Factory

    AstraZeneca plc (ADR) (NYSE:AZN) Stock Drops After Announcement Of Q1 Results

    The earnings report which was released on Thursday revealed that the company had earnings per share of 27 cents which was a noteworthy decline from the 48 cents EPS that the firm reported in Q1 of the previous year. Other than the declining earnings, the company also failed to beat

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  • EUR/USD weekly chart, May 21, 2018

    The Week Ahead – Geo-Politics and the FED in Focus

    On the MacroFor the Dollar, With U.S retail sales and hawkish FOMC member commentary contributing to the Dollar rally last week, it’s May’s prelim private sector PMI numbers on Tuesday, the FED meeting minutes on Wednesday and April durable goods orders on Thursday that will be in focus, though the

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