Wall Street Target’s Lowe-hanging fruit

Prepared by Jeff Halley, Senior Market Analyst   Wall Street rallied overnight as traders ignored some very obvious discord on the path of rate cuts from the FOMC Minutes, concentrating on sparkling results from big-box retailer Target, and home improvement retailer Lowe. Both produced sparkling results following on from Walmart last week and saw their […]

Daily Markets Broadcast 2019-08-22

Daily Markets Broadcast 2019-08-22 Wall Street rallies on earnings Strong earnings from the consumer sector gave US indices a lift yesterday, and those gains were maintained after FOMC minutes suggested the last rate cut was mid-cycle insurance against low inflation. The Kansas Fed’s Jackson Hole gathering kicks off today.   US30USD Daily Chart The US30 […]

EUR/GBP – Has the correction passed? (video)

Euro stable despite renewed Italian political turmoil Work is underway in Italy to see if the President can avoid another snap election just ahead of the important budget season. Italy’s finances are a constant cause for concern which makes Salvini’s successful attempt to bring down the government all the more inconvenient, especially as these are […]

EUR/USD – Not rocked by Italian politics (video)

Pressure mounts on Powell to deliver Recession nerves look to have settled a little following last week’s panic, which has brought some relief to markets. Now that everyone is an expert in inverted yield curves and the apocalyptic foresight they contain, there seems to be an odd acceptance of where we’re heading (or is it […]