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- smctrader commented Apr 5, 2019
"Economy Could Do With A Rate Cut" 40 year lows in unemployment, yet we still have near record low interest rates......and the economy needs a rate cut. Amazing.
WH Economic Advisor Kudlow: No Need For Fed Hikes Without Inflation - Economy Could Do With A...
- smctrader commented Apr 5, 2019
3 months after the USMCA agreement was signed, and Trump is already threatening to reneg on it. Sweet!
However, if for any reason Mexico stops apprehending illegals, the U.S. will be forced to...
- smctrader commented Apr 5, 2019
Europe is in no position to deal with a trade war right now. It will pulverize EU stocks and global markets again.
After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns
- smctrader commented Apr 5, 2019
Manufacturing jobs down, bartender and waiter jobs up. Just like in the Obama days: --------------------------------------------------- "In March, employment in food services and drinking places continued its upward trend (+27,000), in line with its ...
The employment situation -- March 2019
- smctrader commented Apr 5, 2019
Meanwhile, Q1 earnings not looking so hot: "Samsung says profit slid 60 percent year on year" 'Smartphone and memory demand likely to remain sluggish' "Samsung Electronics’ first-quarter operating profit slid around 60 percent year-on-year off ...
A "new consensus" on trade drives positive risk ahead of Non-farm Payrolls
- smctrader commented Apr 4, 2019
If that is the case, we better pray to the heavens that we don't get a recession. During the 2000 and 2007 recessions, the Fed cut rates by 5% (6%->1%) in both cases.....to have the same stimulative effect today, the Fed would need to drop down to ...
Fed's Mester says it's 'possible' the rate-hiking cycle may be over
- smctrader commented Apr 4, 2019
Now this headline, 10 minutes after the convenient headline as soon as the market opened that their WOULD be an announcement on a meeting....so much fraud in today's market....anything to feed to algos daily to prevent this house of cards from ...
The White House is not expected to announce a date on Thursday for a meeting between Trump and...
- smctrader commented Apr 4, 2019
"Despite the unnecessary and destructive actions taken by the Fed...." ---------------------------- The US is currently running trillion dollar annual deficits, despite no major wars, and unemployment at 40 year lows. But yeah, keep saying it is the ...
Despite the unnecessary and destructive actions taken by the Fed, the Economy is looking very...
- smctrader commented Apr 4, 2019
8th consecutive month of y-o-y job cuts according to Challenger. Highest reading since year 2008.
March 2019 Job Cuts Report: 60,587 Cuts Add To Highest Quarterly Total Since Q3 2015
- smctrader commented Apr 4, 2019
If they were honest, the number would be negative, but they don't want to scare people so they will type any positive number.
Italy to cut 2019 GDP growth forecast to 0.1 pct vs 1 pct
- smctrader commented Apr 4, 2019
German factory orders data came in today at -4.2%! The worst 3 month stretch since 2009. German GDP growth will be negative for 2019, flat if they are lucky.
Institutes: German 2019 Growth Forecast Cut To 0.80% From 1.90%
- smctrader replied Oct 6, 2016
GBP is broken. This thing is going back down to test the 1.15 low before it goes back to 1.26
Cable Update (GBPUSD)
- smctrader replied Oct 6, 2016
Even if this was a fat finger/flash crash trade, we are going to test that 1.15 low at some point in the near future which should lead to fireworks across all markets.
Cable Update (GBPUSD)
- smctrader replied Oct 6, 2016
Looks like the Bank of England might be buying here to support the GBP.
Cable Update (GBPUSD)