If Hollywood decided to make a movie based on one of Aesop’s fables, “The Boy Who Cried Wolf,” it could easily cast Jerome Powell in the lead role. Once again, the markets overlooked the Fed Chairman’s remarks about the possibility of raising interest rates, instead focusing on rate cuts. As a result, stock indices such
Month: November 2023
A blown trading account refers to a situation where a trader has lost all the funds in their trading account. This usually occurs when a trader makes significant and consistent losses that deplete their trading capital to zero or even into negative territory. When a trading account is blown, the trader is unable to make
Bonds are a common investment option for individuals looking to generate income or preserve capital. While bonds can offer steady returns and relative safety compared to other investment types, they are not without risks. Understanding the risks associated with bonds is crucial in making informed investment decisions. By understanding and evaluating these risks, investors can
Precious metals have attracted traders and investors for centuries. From the bustling bazaars of ancient civilisations to the digital marketplaces of today, the trading of precious metals, such as gold, silver, platinum, and palladium, remains a lucrative and appealing venture. In this guide, Octa endeavours to uncover the intricacies of precious metals trading, providing clear
While the economic situation in many South American countries remains quite unstable, the local online commerce platform MercadoLibre continues its month-by-month growth. However, it’s a stretch to call it merely “local”, considering South and Central America’s status as a robust emerging market. MercadoLibre stocks have already increased by more than 65% since the beginning of
Fitch and S&P have already downgraded the US and now Moody’s has taken a step in that direction. The credit ratings agency maintained the USA’s top Aaa rating but changed its outlook to ‘negative’. Downside risks to the US’ fiscal strengths have increased and may no longer be fully offset by the sovereign unique credit
US November prelim UMich consumer sentiment 60.4 vs 63.7 expected Fed’s Daly: Policy is in a very good place Yellen: We have not seen an impact on the Treasury market from the ICBC attack Yellen-He meeting readout: US seeks healthy economic relationship with China From earlier: Lagarde says rates cuts not coming for at least
S&P indexes moving above its 100 day moving average The S&P index is currently trading near session highs, up 60.44 points or 1.39% at 4407.92, and in the process has broken above its 100-day moving average of 4402.47 (see the blue line in the chart above). The last time it traded above this moving average
Policy is in a very good place Risk of over tighten and under tightening are balanced News on inflation has been fairly good It is far too early to declare a victory Not ready to say what that next move will be. Policy is significantly restrictive Not sure policy restrictive enough at current settings Need
There are quite a number to take note of on the board for today, as highlighted in bold. But the caveat for all of them is that no matter the expiry sizes, trading sentiment today will be largely driven by the bond market and that will depend on what we get from the US non-farm