Nick Batsford, CEO of Tip TV, was alongside Zak Mir, technical analyst for ShareProphets.com, and Alan Green, CEO of Brand Communications, when he opened the Tip TV Finance Show to discuss the chances of a Fed hike in December and the US CPI being released ahead, as well as a stock update and outlook.
Treasuries ready for lift-off, US CPI ahead
Batsford highlighted FX Street, who noted that the Bank of America (N:BAC), Merrill Lynch, MOVE index dropped to 67.69. This indicates that uncertainty regarding Fed policy no longer exists, and that markets are ready for a December US interest rate hike. In terms of US CPI, a weak figure could be a non-event. They added that the NZD/USD risks falling to 0.6370 on strong US core CPI and weak Global Dairy Trade Price Auction.
Stock Outlook
Mir and Green commented that EZJ is currently trading either side of the 200-DMA, and had great results this morning with the dividend rising 24%.
When concerning BLND, Mir outlined a gap to the upside, whilst Green continued that the stocks pre-tax profits were up 10%.
Watch the video to see more technical and fundamental analysis on Standard Chartered PLC (L:STAN), Royal Mail PLC (L:RMG). Tesco PLC (L:TSCO), Bodycote Plc (L:BOY), Smiths Group PLC (L:SMIN), WPP PLC (L:WPP) (L:WPP), AstraZeneca PLC (L:AZN), Taylor Wimpey PLC (L:TW), Beowulf Mining (L:BEM), Mosman Oil Gas (L:MSMN), Mosaic Company (N:MOS) and the FTSE 100.