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Archives by Year:
USD/JPY Bullish Breakout Above Bull Flag Pattern At 110
USD/JPY 4 hour Yesterday the USD/JPY broke as expected above the 110 resistance (dotted red) of the bull flag chart pattern. Price has continued with its bullish extension in wave 3 (brown) and has now arrived at the 261.8% Fibonacci target which could create a potential retracement. 1 hour The USD/JPY breakout above resistance (dotted […]
Trump Just Imposed A New Tax On Lumber
There are a lot of news reports today about Trump’s decision to impose stiff tariffs on American companies (home builders) who buy Canadian lumber, here is a sample: “Trump slaps first tariffs on Canadian lumber,” “Tariff on Canadian lumber sends a stern message,” “Trump Administration To Impose 20 Percent Tariff On Canadian Lumber,” and “Trump […]
The Euro Is Stronger Than You Think
from Daily Reckoning by James Rickard The euro is the currency of the largest economy in the world, but it gets little respect. The break-up of the Eurozone (those EU countries that use the euro as their currency), and the collapse of the euro have been predicted repeatedly since 2009 by prominent U.S. economists Paul Krugman, Joe […]
EC IEP Offers A 12% Yield And Trades At A Four-Year Low, But Is It Safe?
One investing school of thought is that you should find an amazing investor and ride his or her coat tails to fun and profit. This certainly worked out well for those who bet on history’s greatest investor, Warren Buffett, by investing in Berkshire Hathaway (BRK-A, BRK-B). You can view Buffett’s high dividend stock portfolio here. After […]
Buying American, Losing America
Recently, President Trump traveled to Wisconsin to sign the “Buy American, Hire American” executive order, which seeks to crack down on fraud and abuse of the skilled worker (H-1B) visa program. Then, he traveled to Kenosha, Wisconsin, to sign the second part of the order, which calls for US government agencies to give preference to […]
Delaying The Fiduciary Rule = A Dumb Move
As you may have heard, the fiduciary rule that was scheduled to be established by the Department of Labor (DOL) on April 10th of this year, has been delayed out by a month or two after all. A few weeks ago, I discussed the basics of the rule and why it is so important for the […]
ECB Preview: Seeing The Glass Half Full? 3 Scenarios
The European Central Bank is not expected to change its policy at the April 2017 meeting. Nevertheless, the ECB always moves markets and this event will not be different. The key is the tone in Mario Draghi’s press conference. And the main yet unspoken driver of optimism is the result in the first round of the […]
Gold Prices Drop As Markets Set Sights On Trump Tax Plan
Gold prices sank as firming risk appetite sapped haven demand for Treasury bonds and drove yields higher. Investors’ chipper mood also echoed into US monetary policy expectations, with the 2017 rate hike path implied in Fed Funds futures now at its steepest in three weeks. Not surprisingly, this proved damaging for non-interest-bearing assets. The Euro marched higher alongside […]
Precious Metals Technical Outlook: Gold & Silver Retracement Underway
As noted in our previous report last week, we warned that Gold and Silver are very close to sparking a correction to the downside, after few weeks of significant gains. Gold and Silver posted a new high for this year, reaching the highest level since October of last year, and tested major resistance areas, which […]
Indian Indices Trade Near Record Highs; Auto Stocks Lead Gains
After opening the day on a positive note, share markets in India have continued the momentum and are trading near their record high levels. Sectoral indices are trading on a mixed note, with stocks in the auto sector and the FMCG sector witnessing maximum buying interest. Stocks in the IT and the telecom sector are trading in the red. The BSE Sensex is trading up by 155 […]
