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The Week Ahead: Hard Reality For The US And UK Economies?

The Week Ahead: Hard Reality For The US And UK Economies?

The last week of April starts with the echoes from the French elections and continues with key economic data. A rate decision in Japan precedes the first GDP releases from the UK and the US. As voters are getting ready in Britain, will they finally see some of the negative effects of Brexit? In the […]
Economic Events Of The Coming Week – Sunday, April 23

Economic Events Of The Coming Week – Sunday, April 23

Monday: Markets will price in the results of the first round of the French elections. The IFO Survey will see light in Germany. Tuesday: March New Home Sales data will see light in the U.S. The Conference Board’s Consumer Confidence Index for April will also see light in the U.S., as well as April’s Richmond Fed Manufacturing […]
Gold Stays Stubborn Whilst Silver Slips Under

Gold Stays Stubborn Whilst Silver Slips Under

Our last two weekly missives have highlighted Gold’s being technically “high” near-term, (yet fundamentally undervalued — understatement — in the broadest sense). And as the above panel shows, Gold remains higher than where ’twas at this time a year ago (1236), settling out the week on Friday at 1286 for a year-to-date gain of 11.6%. One might […]
Australian Dollar Looks Short Of Clear Positives

Australian Dollar Looks Short Of Clear Positives

Fundamental Forecast for the Australian Dollar: Bearish The fundamentals aren’t looking great for the Aussie Whether via nervy risk appetite or weak commodity prices, bulls have their work cut out Consumer price data may offer some hope Australian Dollar bulls didn’t have a great week last week. Can they hope for a better one ahead? Unlikely, on […]
“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017

“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017

  “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”       – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere […]
Week In Review: How Trump’s Policies Moved Stocks – April 23

Week In Review: How Trump’s Policies Moved Stocks – April 23

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. STEEL SECTOR: On Thursday, Donald Trump met with several steel company CEOs at the White House to […]
How Many Traders Does It Take To Change A Lightbulb?

How Many Traders Does It Take To Change A Lightbulb?

How many hard hats does it take to remove a sapling? Apparently five. One to control the forklift and four to stand around and watch. Ok, derivation of an old joke. However, applicable to last week’s market action. First off, while one guy does all the work, the others fold their arms and inspect. Secondly, […]
Weekly Economic & Political Timeline – Sunday, April 23

Weekly Economic & Political Timeline – Sunday, April 23

There will be a greater amount of high-impact news scheduled this week, compared to last week. There is central bank input expected from the European Central Bank and the Bank of Japan, as well as a smattering of other data, including some important U.S. data. The market will probably be most active on Thursday. It […]
Investors: Watch These 4 Charts After The French Elections

Investors: Watch These 4 Charts After The French Elections

The topic of this week has been the French elections. Everyone is watching the French elections results as if they will change the world, in an emotional rather than rational way. Let’s look at some examples in financial media to illustrate what we are saying. This MoneyControl article stresses the importance of the French election on […]
NZD/USD Forecast Apr. 24-28

NZD/USD Forecast Apr. 24-28

The New Zealand dollar was trading around the 0.70 level once again. Five events await us this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices continue rising as seen in the latest GDT Price Index: 3.1%. The CPI beat expectations by rising 1% but there were doubts about the details, […]