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Focus Shifts From Fed To ECB

Focus Shifts From Fed To ECB

The focus shifts in the week ahead from Yellen’s testimony and disappointing data to the ECB meeting which is expected to result in a further modest adjustment in its risk assessment. While the focus shifts, the pressure on the dollar will likely remain. It fell to new lows for the year last week against the euro, […]
Ranking The Most Profitable Dividend Aristocrats

Ranking The Most Profitable Dividend Aristocrats

The two main benefits of owning common shares of a publicly-traded corporation are: Your claim on earnings Your claim on assets Accordingly, a company’s ability to use its assets to generate earnings is very important. How do we measure this? There are a number of financial metrics that investors use to measure a company’s profitability. These include: Gross […]
USD/CAD Forecast July 17-21

USD/CAD Forecast July 17-21

The Canadian dollar rally continued last week, as USD/CAD dropped 250 points. The pair closed at 1.2633, its lowest weekly close since April 2016. This week’s key events are CPI and Core Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar sparkled last week, buoyed by a rate […]
Industrial Production Growth Slows For First Time Since January

Industrial Production Growth Slows For First Time Since January

Following May’s disappointing MoM collapse in industrial production growth, economists had hoped for a modest 0.3% rebound and were pleasantly surprised with 0.4% gain in June (and upward revision for May). Factory production rose 0.2% in June after falling 0.4% in May Utilities unchanged in June after rising 0.8% in May Mining rose 1.6% in […]
These Are The Top Earnings Reports To Track Next Week

These Are The Top Earnings Reports To Track Next Week

Earning season kicked off in earnest last week with some of the biggest banks releasing their results for Q2. Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) all traded lower following the release of their Q2 results on Friday. JP Morgan, for example, posted a strong top and bottom line beat, but also reduced […]
Gold Awakes? Fed Brakes?

Gold Awakes? Fed Brakes?

Welcome to the 400th consecutive Saturday penning of The Gold Update, double the number we’d intended to write until you cherished readers reversed our intent for “Gold 2000 or 200 missives, whichever comes first” to “second.” What unconscionably has yet to double — and beyond — is the price of Gold to the above scoreboard’s level of 2691, let alone get […]
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                        Faux Pas

E Faux Pas

Happy Bastille Day! Pres. Trump is in Paris as the representative of the country which 100 years ago sent troops to France under the slogan: “Lafayette, nous voilà” or Lafayette, here we are! He managed two faux pas already, first complimenting Mme Macron (who is closer in age to Trump than she is to her husband, the […]
AUD/USD Forecast July 17-21

AUD/USD Forecast July 17-21

AUD/USD reversed directions last week and jumped over 200 points. The pair closed at 0.7817, its highest weekly close since April 2016. The major event this week is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In Australia, NAB Business Confidence improved to 9 points in June. In the US, […]
Gold And Silver Speculators In Full Retreat

Gold And Silver Speculators In Full Retreat

A year ago, speculators accumulated net long contracts on gold that exceeded anything seen since at least 2008. Starting in late 2015, silver speculators set several such records with the latest set just three months ago. Now, speculators in gold and silver are in full retreat. Net longs seem headed for zero for both precious […]
Consumer Prices Disappoint For 4th Month In A Row – Weakest Since Jan 2015

Consumer Prices Disappoint For 4th Month In A Row – Weakest Since Jan 2015

For the 4th month in a row, CPI missed expectations (unchanged MoM vs expectations of a modest 0.1% rise). Across the board consumer price rises disappointed economists’ guesses with Core CPI tumbling to just 1.7% YoY – the lowest since Jan 2015… Energy prices fell 1.6% MoM and were the biggest drag on CPI; Apparel and Transportation […]