New Zealand business confidence (Q3) drops hard

Report from NZIER shows July — September business confidence at 5% from prior 18% now at an 18 month low NZIER Quarterly Survey of Business Opinion. More:  A decline in business confidence is not unusual heading into a General Election Economic activity has come off the boil, but firms expect better things to come Firms […]

DXY Strength Opens October with Intermarket Support: SW Report

Key Highlights: USD strength aligns with altogether different US yield curve structure, term premium GBP may have a difficult time holding top spot as manufacturing data disappoints CAD falls and trades to weakest level since August, faces long-term chart pivot IGCS Highlight: Increase AUD/USD net-longs show USD strength may persist vs. weak FX Strong Weak […]

Crude oil futures settle at $50.58

Down $1.09 or 2.11%The price of crude oil is settling at $50.58 today. That is down $1.09 or 2.11%.The high today reached $51.71. The low today reached $50.07Technically, the contract fell below the 200 hour MA (green  line) and scooted lower. The fall tumbled to the 38.2% of the move up from the end of August […]