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Weekly Outlook: 2017, January 08 - January 15 The US dollar wobbled in the wake of 2017, torn between good and bad news. US Retail sales, consumer sentiment and PPI stand out. These are the highlights for this week. The US monthly employment report showed a lower than expected job growth in December but wages registered a 2.9% annualized gain. The economy added 156,000 positions while expected to increase 175,000. The unemployment ...
Weekly EUR/USD Outlook: 2017, January 08 - January 15 EUR/USD slipped to new 14-year lows in the wake of 2017 but recovered very quickly thanks to weakness in the USD. The second week of January features trade balance and industrial output measures. Data in the euro-zone has been relatively positive, with a significant drop in German unemployment and a rise in inflation, especially in Germany. Retail sales missed expectations, but this did not stop the euro. In the ...
Nasdaq Hits New High as Dow, S&P 500 Slip "The S&P 500 dipped 0.1% to 2,269.00 today, while the Dow Jones Industrial Average declined 42.87 points, or 0.2%, to 19,899.29. The Nasdaq Composite rose 0.2% to 5,487.94, a new record." Dow Jones Industrial Average: S&P 500: "The S&P 500 reached new all-time highs in December and then moved horizontally on ...
Oil Q1 2017 Forecast - The Real Power of OPEC Will Be Revealed in Q1 2017 Fundamental Analysis "For traders who like to simplify the markets to a game of supply vs. demand, the Oil market in Q1 2017 should be their World Cup. Heading into the New Year, the OPEC and non-OPEC members will cut supply to the agreed upon amounts. Given this intent, the International Energy Agency (IEA) says recent OPEC action would place the ...
Gold Q1 2017 Forecast - Gold Weakness to Subside With Fed on Hold in First-Half of 2017 Fundamental Analysis "After raising the benchmark interest rate in December, the upcoming rotation within the Federal Open Market Committee (FOMC) may push the central bank to retain the current policy at the next meeting in February as Chicago Fed President Charles Evans, Philadelphia Fed President Patrick Harker, Dallas Fed President ...
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