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WTI Crude Oil And Natural Gas Forecast - Wednesday, Oct. 11
Article By:
Christopher Lewis
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Wednesday, October 11, 2017 7:00 AM EDT
The WTI Crude Oil market rallied rather significantly during Tuesday’s trading session, breaking well above the $50 handle. However, we remain just below the $51 level, an area that I think will continue to be resistive.
Markets Looking For A New Focus
Article By:
Marc Chandler
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Wednesday, October 11, 2017 6:17 AM EDT
The economic highlight from the US today will be the FOMC minutes from the September 20 meeting, at which it provided new economic forecasts and decided to begin its balance sheet operations.
Relief Rally For The Euro
Article By:
Anna Coulling
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Wednesday, October 11, 2017 5:58 AM EDT
The Catalan situation has been pushed to the back burner, and while this may be true in the short term, longer term the situation in Spain remains a thorny issue.
In this article: FXE
EUR/USD Continues Drifting Higher Spain’s Response Is Awaited
Article By:
Yohay Elam
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Wednesday, October 11, 2017 5:52 AM EDT
It seems that at least for now, tensions are lower. EUR/USD reacted positively and continues drifting higher. At a minimum, the pair is not worried about the situation.
In this article: FXE
Is The Market A Hot Air Balloon?
Article By:
Michele Schneider
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Wednesday, October 11, 2017 5:42 AM EDT
U.S. markets made new highs yesterday. Certainly, the market makers are fueling the balloon with fire. No surprise that ahead of the FOMC minutes due out Wednesday, IWM had an inside day.
A Decline In Small Business Optimism
Article By:
David Templeton
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Wednesday, October 11, 2017 4:47 AM EDT
The NFIB reported the September Small Business Optimism Index results and they showed the Index fell 2.3 points to 103, which was below the lowest consensus forecast. In spite of the decline, the index still remains at a high level.
What Can We Expect From The Fed Minutes?
Article By:
Yohay Elam
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Wednesday, October 11, 2017 4:37 AM EDT
Barclays Capital Research expects the FOMC minutes from the September meeting to show that most participants see recent disinflation as largely driven by transitory factors.
In this article: UUP
Jack Bogle Slams Wall Street's "Unrealistic" Earnings Guesses, Says Market Valuations "Rather High"
Article By:
Tyler Durden
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Wednesday, October 11, 2017 4:08 AM EDT
Bogle's method differs from Wall Street's. For his price-to-earnings multiple, he uses the past 12 months of reported earnings by corporations, GAAP earnings, which include "all of the bad stuff," to get a multiple of about 25 or 26 times earnings.