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Traders Quietly Buying Risk Off Assets

Traders Quietly Buying Risk Off Assets

In a quiet trading session traders buy up risk off assets. In tonight’s video market update let’s look at the specific assets traders are buying. Plus watch this video to find out what expect for the rest of the week and what price to watch in one key sector to determine the overall market’s next […]
USDJPY Dives With S&P ETF As North Korea Fires Missile Over Japan

USDJPY Dives With S&P ETF As North Korea Fires Missile Over Japan

Ok, there’s some potentially destabilizing s*&* going down. Specifically, it looks like Kim might have launched a missile from Pyongyang that ultimately flew over Hokkaido. BREAKING: Yonhap agency says South Korean military confirms North Korean ballistic missile flew over Japan. — The Associated Press (@AP) August 28, 2017 That’s obviously something nobody wants to hear and worse, […]
Currency Risk That Isn’t About Exchange Values (Eurodollar University)

Currency Risk That Isn’t About Exchange Values (Eurodollar University)

This week the Bureau of Economic Analysis will release updated estimates for Q2 GDP as well as Personal Consumption Expenditures (PCE) and Personal Incomes for July. Accompanying those latter two accounts is the currently preferred inflation standard for the US economy. The PCE Deflator finally hit 2% and in two consecutive months, after revisions, earlier […]
Oil Tumbles Amid Speculation Up To 30% Of US Refining Capacity Could Be Shut

Oil Tumbles Amid Speculation Up To 30% Of US Refining Capacity Could Be Shut

WTI tumbles below $47 as negative sentiment about excess crude supply in light of extended refiners shutdowns grows, and Wall Street piles on with more detailed estimates about Harvey’s impact on US oil and refinery production. As oil slides, crack spreads have stabilized near the highs of the session, on concerns about gasoline availability, with […]
World Markets Update – Aug. 28

World Markets Update – Aug. 28

All eight indexes on our world watch list have posted gains for 2017 through August 28. The top performer thus far is Hong Kong’s Hang Seng with a gain of 26.65%, followed closely by India’s BSE SENSEX at 19.25%. In third is our own S&P 500 with 9.17%. The Last Four Weeks The tables below […]
Special Update: Live From Houston

Special Update: Live From Houston

  Hurricane Harvey is  not over yet. It  made landfall on Friday night, and almost no one cared. We had rain. Big deal. Then more rain on Saturday as the storm sat, almost stationary. Harvey lost power and was demoted to a tropical storm. We went out to dinner, noting the water was over the […]
Forex Critical: Turkish Lira Confirms Momentum Against The U.S. Dollar

Forex Critical: Turkish Lira Confirms Momentum Against The U.S. Dollar

The Turkish lira was one of the biggest beneficiaries of the renewed weakness of the U.S. dollar (DXY0) in the wake of Jackson Hole on Friday. USD/TRY closed at a new low for 2017. In fact, USD/TRY has not traded this low since early December, 2016. The Turkish lira versus the U.S. dollar reached a new […]
SPY Tests Previous High

SPY Tests Previous High

Last Friday, SPY tested the previous high of last Tuesday on higher volume and suggests Friday’s high will be at least tested if not exceeded and keeps the door open for a rally this week. It is said that the VIX leads the way for the SPY in the opposite direction. Last week the VIX made […]
Food Fight: Amazon Slashes Prices At Whole Foods Up To 43% – Clear Winner?

Food Fight: Amazon Slashes Prices At Whole Foods Up To 43% – Clear Winner?

The Fed, struggling to incite inflation, is no doubt annoyed at Amazon today. Bloomberg reports Amazon Cuts Whole Foods Prices as Much as 43% on First Day. Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent. At the store on […]