October seasonals: Oil off the boil

Oil typically struggles in October Oil has been a choppy trade lately as OPEC, hurricanes and other flows skew the market. In October, the path for WTI crude is typically lower. Since 2000, it’s the second-worst month on the calendar after November, averaging a 2.26% decline. It’s fallen in October in 4 of the past […]

October seasonals: Sick of tech yet?

October is the best month for the Nasdaq If you listen to any financial TV, you’re probably sick of hearing about tech, FANG stocks and the never-ending rally in the Nasdaq. Well you might be even more tired of it by the end of October. Since the crash in 2000, October is easily the best […]

Buy euro dips against CHF and USD — Credit Agricole

Credit Agricole likes the euro Credit Agricole CIB FX Strategy Research regards the recent EUR downside as corrective rather than a change in trend. «We stick to the view that it will be predominantly about central bank monetary policy expectations to drive the single currency. Both growth and inflation developments have been continuing to improve and such […]

October forex seasonals: It’s spring down under

October is a strong month for AUD/USD The Australian dollar sagged in September but the seasonal patterns point to a chance of a rebound in October. Since 2000, October is the second-best month on the calendar for AUD/USD, averaging a 0.84% gain. In those 17 years, there have been five years of declines and 12 […]

Forex — Dollar Nears 6-Week High on Upbeat Manufacturing Data

© Reuters. Investing.com – The dollar rose against a basket of major currencies after data showing manufacturing activity rose to its highest since 2004 fuelled expectations of solid third-quarter economic growth. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.52% to 93.39. The Institute […]

Atlanta Fed GDPNow Q3 estimate jumps to 2.7%

Better news on growth The latest GDPNow tracker from the Atlanta Fed rose to 2.73% from 2.31% on September 29. «The forecasts for third-quarter real consumer spending growth and third-quarter real private fixed investment growth increased from 1.8 percent and 0.3 percent, respectively, to 2.3 percent and 1.8 percent, respectively, after this morning’s construction spending […]