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USDCAD Weekly Analysis – September 3, 2017

USDCAD Weekly Analysis – September 3, 2017

USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. A further decline could be expected in a couple of weeks and the  next target would be at 1.2050. Key resistance is at 1.2778, only a break above this level could signal completion of the downtrend.
ICOs: What You Need To Know

ICOs: What You Need To Know

  Floyd “Money” Mayweather made headlines last weekend for making light work of Mixed Martial Arts superstar Conor McGregor. But he also made tech headlines recently by endorsing the Hubii Network, an initial coin offering (ICO), on his Instagram and Twitter accounts. This isn’t the first time Mayweather (who’s dubbed himself Floyd “Crypto” Mayweather) has endorsed an […]
Weighing The Week Ahead: Time To Ask What Could Go Wrong?

Weighing The Week Ahead: Time To Ask What Could Go Wrong?

We have a very light data calendar. It is a short week with some post-vacation (ahem) attitude adjustment. There is little fresh news, but plenty of data from last week. FedSpeak is on high. It is a perfect setup for pundit pontification. Expect lots of navel gazing, with an emphasis on flaws. Many will be […]
Gold: Mega Breakout In Play

Gold: Mega Breakout In Play

Gold had a very strong week. Because of that it is now in the process of breaking out. If this rally continues it will mark the end of the 6-year bull market. The U.S. dollar falling to multi-year lows definitely helped gold’s strong bounce from $1200 to the current $1330 level. Although this feels like a huge […]
Hedge Fund CIO: “Want To Make A Grown Nerd Cry? Run A 500% Rate Increase Through His Risk Model”

Hedge Fund CIO: “Want To Make A Grown Nerd Cry? Run A 500% Rate Increase Through His Risk Model”

August is over, which means that Eric Peters, the CIO of One River Asset Management, is back to doing what he is so very good at: distilling the week’s events and latest financial and economic trends into pithy, one-paragraph aphorisms. Without further ado, here is an anecdotal excerpt from his latest weekend notes. Scary Movie […]
EURUSD Loses Upside Steam, Targets Further Weakness

EURUSD Loses Upside Steam, Targets Further Weakness

With the EURUSDpair rejecting higher to close lower the past week, more decline is envisaged. Resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1.2050 level. Conversely, support lies […]
Gold Superb Through The Year’s Second Third

Gold Superb Through The Year’s Second Third

  For the fervent follower of Gold, to say it’s been “superb” year-to-date may seem at first blush an excessively exaggerated stretch, given the above panel’s showing us that price is but one point above where it was this time a year ago — and to just be in sync with currency debasement — ought […]
Weekly Economic & Political Timeline – Sept. 3

Weekly Economic & Political Timeline – Sept. 3

This week will have a slightly heavier news agenda than last week, but there is little key U.S. data due so the overall effect may be the same. The agenda will be dominated by monthly policy commentaries and bid rates from the European Central Bank, the Bank of Canada and the Reserve Bank of Australia. […]
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                        Four Central Banks Dominate The Week Ahead

EC Four Central Banks Dominate The Week Ahead

Four central banks from high income countries hold policy-making meetings in the first full week of September. They are the Reserve Bank of Australia, Sweden’s Riksbank, the Bank of Canada and the European Central Bank. Investors focus on the latter two.   To be sure, no one expects the ECB to change rates or policy.  At most, […]
Stocks Going Ex-Dividend The First Week Of September

Stocks Going Ex-Dividend The First Week Of September

Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only […]