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  • Article / 36 minutes ago

    Timing, not size, is the Fed's focus

    Managing Partner / Spotlight Group
    United Kingdom
    Timing, not size, is the Fed's focus
    There is some speculation that when the Fed eventually increases rates, a smaller increase than the expected 25 basis points may occur. However, this would be the first in history this would happen and is unlikely. While the increase is expected to be 25bps, it is still difficult to say whether they will move in September or December.
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  • 6h
    Michael O'Neill Michael O'Neill
    I think today's move is a text-book example of weak intraday long dollar trades getting flushed with a bump in WTI helping it along. But just for...
    5h
    goldfinger goldfinger
    I am a fairly chilled guy, so don't worry. But I think the trade will work out ok. Look for value guys, get on board> Michael...
    4h
    Michael O'Neill Michael O'Neill
    Thanks for the kind words, Mr. Goldfinger. Such high praise is difficult to live up to but always worth trying for.
  • 12h
    Warren Buffet007 Warren Buffet007
    Therein Lies The Opportunity Look, the world runs on oil, period. Virtually everything is petroleum-based, from the obvious gasoline products to home furnishings and even food supply....
    11h
    Nadia Kazakova Nadia Kazakova
    Agree, the oil price is about demand and supply, and the oil prices should theoretically reflect that. It is hard to see, though, where the spike...
    5h
    thewickedwiz thewickedwiz
    The USD is strong against emerging markets.
    Russia is basically an emerging market with heavy firepower.
    USD can go to 80 against Rubel and it is not because of...
  • Squawk / Monday at 12:37 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US durable goods orders rebound 3.4% in June:

    Orders for durable goods, including aircrafts and vehicles, rose 3.4% m/m last month to more than offset the 2.1% drop in May (revised from -1.8%). The consensus expectation of 3.2% was not far off the mark.
    If you exclude the volatile transportation sector then orders rose a more modest 0.8% vs. 0.5% expected. However, May was revised lower to -0.1% from +0.5%.

    Capital goods orders, which serves as a proxy for future investment, rose 0.9%, nearly double the 0.5% expected, but again the revision was negative (to -0.4% from +0.4%). Capital goods shipments, a proxy for present investment, dropped 0.1% vs. +0.6% expected while May was revised down to -0.3% from +0.3%.

    Overall a much more mixed report than the headline reading of 3.4% suggests. EURUSD has not moved much on the release.
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