Nick Batsford, CEO of Tip TV, was alongside Zak Mir, technical analyst for Zak’s Traders Café, when he opened the Tip TV Finance Show to discuss the CAD, global growth and an outlook on single stocks.
CAD yet to price in lift-off?
Batsford highlighted FX Street, who noted that the drop in the USD/CAD this time was more due to the slide in oil rather than the broad based USD rally that we usually see before the Fed begins tightening monetary policy. They continued that the CAD could stay ignorant to post lift-off profit taking in the USD longs and could slide as it prices-in a rate rise in the US.
Single Stock Outlook
Mir outlined RBS, where he believed the target to be 275, the support from May, whilst the stock remains below the 10-DMA.
When concerning OSI, Mir commented on the double-bottom bear trap, and expressed that the target for the stock is the 200-DMA.
Watch the video for further technical analysis on AAL, GLEN, NXT, BLT, ANTO, RDSB, LGO and PROX.
Lower for longer
Batsford highlighted Elliott, who outlined that in a report published today, Bill Warlick, senior director of macro credit research at Fitch, warned that should Chinese GDP growth drop to 2.3% in 2016-2017 then global growth would shrink from current expectations of 3.1 to a mere 1.8% in 2018. He also noted that in this case rate hikes in the US or Eurozone would be postponed. “Lower for longer in terms of growth, interest rates and commodity prices could be the defining mantra for this decade for the major advanced economies”.
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 gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.