Futures News 

Gold futures build on week’s losses as dollar gains, inflation risk in focus

“Gold futures on Wednesday deepened their retreat from the key $1,300 level, as a stronger U.S. dollar weighed on precious metals prices” writes Rachel Koning Beals for marketwatch.com. New York Fed President William Dudley and Dallas Fed President Rob Kaplan are due to take part in a panel discussion about economic growth, with the event taking place in New York City at 8 a.m.Gold futures on Tuesday suffered their steepest one-day percentage decline in nearly four weeks amid signs of rising inflation in the U.K. and its threat for higher…

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News 

Dollar gains for a 4th straight day

“The U.S. dollar extended its gains against major rivals on Tuesday after a round of economic data, set to stretch its win streak to four sessions” writes Markets Reporter for marketwatch.com. Against the yen USDJPY, +0.01% the dollar was stronger, trading at ¥112.29 versus ¥111.19 in the previous session.Against the Canadian dollar USDCAD, +0.0399% the buck was up at C$1.2552, compared with C$1.2520 late Monday.Still, strategists read some weakness in real wages that might suggest that the recent gains in inflation aren’t as strong as headlined, weighing on the pound. Source:…

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The dollar is ticking higher

“The dollar is ticking up on a relatively quiet day for US economic data” writes Elena Holodny for businessinsider.com. The US dollar index was up by 0.4% at 93.60 at 9:09 a.m.ET. The dollar slid  last week  after inflation data came in below expectations and the September FOMC minutes showed that many Fed officials are concerned that inflation will remain lower for longer.The index is up by about 9% since US President Donald Trump’s inauguration. Source: businessinsider.com Share This:

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US shale to help power Shell’s multi-billion dollar chemicals drive

“Royal Dutch Shell will begin construction of a new $10bn petrochemicals site in the gas-rich Marcellus shale basin in the US within the next ten weeks as part of a radical growth plan for its petrochemicals business” writes Matthew Lynn for telegraph.co.uk. The oil major told investors that global demand for petrochemicals – which are used to manufacture the raw materials used to make plastics, paints and textiles – is set to grow by around 50pc by the end of the decade, making it a key area for the company’s…

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Markets News Regulators 

Dollar rises after Trump talks tax reform; Yellen set to meet about renomination

“The ICE U.S. Dollar Index DXY, +0.16% which gauges the buck against six other currencies, was up 0.3% at 93.325, and the WSJ Dollar Index BUXX, +0.24% which measures greenback against 16 rivals, tacked on 0.3% to 86.51” writes Markets Reporter for marketwatch.com. The greenback also tipped higher amid reports that Trump is looking to interview Janet Yellen for a potential second term as Federal Reserve chairwoman.One U.S. dollar last bought C$1.2526, compared with C$1.2467 late Friday. Source: marketwatch.com Share This:

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Roubini: Global economy appears to be in a sweet spot

“Roubini, chairman of Roubini Global Economics, ticked off a variety of risks” writes D C for marketwatch.com. Globally, interest rates are low because of still accommodative central bank policy and a global savings glut, as well as low global investment.Doom,” spoke on a panel on capital flows at the Institute of International Finance annual conference in Washington.The global economy appears to be in a sweet spot given the upturn in world-wide growth and low inflation in advanced economies, economist Nouriel Roubini said Saturday, despite risks from factors as varied as…

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News Stocks 

10 Stocks to Own Now That the U.S. Dollar Has Surged

“The bottom line: 2017 will likely be remembered as the year of the weak dollar, but 2018 could be an entirely different story” writes Ed Ponsi for thestreet.com. Unlike their multinational counterparts, regional banks have little to no international exposure, and therefore are insulated from the negative effects of a strong dollar.Who else benefits from a strong dollar?. When the dollar is strong, look for chains that have little to no overseas exposure, like Texas Roadhouse (TXRH) , Red Robin Gourmet Burgers  (RRGB) and Sonic (SONC) .One of the themes…

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Markets News 

China is binging on dollar-denominated debt

“In total, emerging market governments and companies have issued $US509 billion in dollar-denominated bonds so far this year, a new record” writes Wolf Richter for businessinsider.com.au. Investors around the globe are eager to hand China their US dollars, in exchange for a somewhat higher yield.Other emerging market governments and companies have jumped on the same dollar-bandwagon.China announced today that it would sell $US2 billion in government bonds denominated in US dollars. Source: businessinsider.com.au Share This:

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4 unusual things to expect this earnings season

“For those that get most of their sales outside the U.S., the earnings growth rate is 7.9%” writes Corporate News Editor for marketwatch.com. And of the 63 trading sessions during the three months through Sept. 29, the dollar index closed below the year-ago average 57 times.The third-quarter earnings season is officially upon us with J.P. Morgan Chase & Co. and Citigroup Inc. opening the floodgates early Thursday.The finance and transportation sectors were the latest to be subjected to revisions. “Earnings growth for the finance sector was barely in positive territory…

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Markets News Platforms 

DIGI ready to reform the multi-billion dollar Digital Goods Industry

“DIGI is an upcoming Blockchain service for digital goods and services looking to disrupt this multi-billion dollar industry” reports newsbtc.com. Market research sets the digital market at over $500 billion, which is more than three times the whole current cryptocurrency market cap.DIGI Token holders will be able to either use their token within trading and exchange platforms or use their tokens to purchase digital goods or services from the DIGI marketplace.DIGI itself represents more than just a coin or marketplace, it envisions the future of downloadable digital goods and services,…

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