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  • Squawk / 1 hour ago
    Hypothesis Testing
    United Kingdom
    Late buying in the USA open hours suggest some strength but whilst we say a large volume distribution in a relatively tight trading range there is little evidence of moentum to the upside. The early piercing of 2050 on spx globex doesn't ode well for bull traders yet you would expect month end adjustments and some attempt to claw back some of this weeks drop today ! Seasonal data attached....suggesting a choppy grind up to April expiries and fiscal year ends.
    Read the Squawk
  • Squawk / 3 hours ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    US economy grew 2.2% in the fourth quarter:

    The third estimate of Q4 GDP shows that the world's largest economy grew by 2.2% q/q (annualised) vs. 2.4% expected and unchanged from the second estimate a month ago.

    Following growth rates of 4.6% and 5% in Q2 and Q3 the economy slowed markedly in Q4 of last year, but the composition was quite good with personal consumption up 4.4% while government consumption dropped 1.9%. Investment (including inventories) rose 4.5% as did exports while imports rose a substantial 10.4%.

    While Q1 will likely also show slow(-er) growth I expect a pick-up in growth in Q2 and beyond as the impact from USD strength fades while personal consumption and (residential) investment should continue to be key drivers of growth.
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  • 2h
    fxtime fxtime
    The moral to the above imho is.......Never trust a BoE storyteller sorry governor!
  • Calendar event / 4 hours ago

    US 3rd estimate GDP

    forecast
    actual
    Med GDP
    +2.4%
    +2.2%
    Med Chain-Weighted Price Index
    +0.1%
    +0.1%
    Med PCE Price Index
    -0.4%
    Med Purchase Price Index
    -0.1%
    Med Real Final Sales
    +2.3%
    Med Core PCE Price Index( Ex Food/Energy)
    +1.1%
    Med Personal Consumption
    +4.4%
    Med Corporate Profits
    -3%
  • Trade view / 5 hours ago
    Medium term

    Get ready for an Intel bounce

    Trader / TheSteadyTrader.com
    United States
    Shares of semiconductor giant Intel Corporation (INTC:xnas) have been getting banged up in recent months as the stock slipped about 20% off its December highs in a steady decline. As a result of the decline however the stock has also reached an important long-term support area where traders can now focus around for a potential bounce or directional reversal altogether.
    Read the Trade View