A myriad of stocks and indices were the specialist subjects for Paul Rodriguez, Director of ThinkTrading.com, as well as the Fed rate hike scenario, when he joined Zak Mir and Mike Ingram on the Tip TV Finance Show.
Next non-farm payroll to hold back the Federal Reserve
Rodriguez began by noting that generally the US economy is performing reasonably well and may deem a Fed rate hike, however, he added that the US is not seeing inflation. Rodriguez commented that the next NFP figure, along with a downward revision of the non-farm payroll figure for the previous month, may hold back the Federal Reserve. He also highlighted that even if the Fed do hike in December, they may then be lowered like the situation in Japan.
Deflationary cycle shown in the commodity market
When concerning Copper, Rodriguez expressed that it found no support at 61.8% retracement, and so is likely to fall to the 10% retracement level.
Gold fell through its 2015 low recently, according to Rodriguez, and has failed to rally despite the rising geopolitical events including the Paris terror attacks and the Russian jet shot down over Turkish airspace.
He continued to Tin which is falling as well, and is thus likely to retrace 100% to 2009 lows.
To see views on the FTSE 100 and the S&P 500, plus further insights into commodities and interest rates, check out the video.
We are not authorised by the Financial Conduct Authority of England and Wales. The information and/or data on this website is provided by us and any data providers which may be used by us for your general information and use only and is not intended for trading purposes or to address your particular financial or other requirements. In particular, the information and/or data on the website:
(1) does not constitute any form of advice (financial, investment, tax, medical, legal, spread -betting or otherwise); and (2) does not constitute any inducement, invitation or recommendation relating to any of the products listed or referred to; and (3) is not intended to be relied upon by you in making (or refraining to make) any specific investment, placing any bet or making any other decision; and (4) has not been issued or approved by Tip TV for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended from time to time).
Opinions expressed by speakers in the videos, writers of the blogs are only opinions and not expert advice. These opinions do not necessarily agree with those held by Tip TV, its directors, agents or employees who disclaim any intent to make betting, securities or securities markets recommendations. The value of investments and the income derived from them may fall as well as rise. APPROPRIATE EXPERT INDEPENDENT ADVICE SHOULD BE OBTAINED BEFORE MAKING ANY INVESTMENT, PLACING ANY BET OR MAKING ANY OTHER DECISIONS.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.