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KBW Bank Index Extended Correction

KBW Bank Index Extended Correction

The KBW Bank Index is an economic index consisting of the stocks of 24 banking companies delivering a direct exposure to the banking sector and  offering a targeted view to a unique corner of the U.S. financials sector. The top banks of the index are among the biggest financial institutions in the world and three of […]
Brexit Briefing: Now It’s All About A Hard Brexit Or A Soft One

Brexit Briefing: Now It’s All About A Hard Brexit Or A Soft One

Talking Points: As we wait for the Brexit negotiations to begin, it’s crucial to decide whether the two sides will reach an agreement or the UK will leave the EU without a deal. That could mean the difference between GBP/USD at 1.10 or with the pair at 1.50. Not long ago, the Reuters news agency asked FX […]
Retail Sales Decline For Second Straight Month As Real Earnings Stagnate

Retail Sales Decline For Second Straight Month As Real Earnings Stagnate

For the second month in a row, retail sales declined in March as ‘hard’ data fails to live up to ‘soft’ data’s hype. This is the biggest 2-month tumble in retail sales in over two years. The full breakdown shows the biggest declines in building materials and motor vehicles.   This drop in sales should not be […]
Technical Levels For Majors And Crosses – Easter Edition

Technical Levels For Majors And Crosses – Easter Edition

Trump triggered an uptick in foreign exchange volatility and currencies have moved. What technical levels should we look out for? The two videos below describe the levels to look out for in the upcoming week. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF. Lines of resistance […]
April 14 Daily Market Snap

April 14 Daily Market Snap

Here’s what to watch out for today. 12:30 PM GMT US Core CPI At 12:30 PM GMT, the Core CPI numbers month over month for March come out of the United States, expected to be 0.2% at the time of announcement. A number higher than that will be good for the US dollar as it […]
Barrick Gold & Goldcorp Among 5 Companies With The Lowest Extraction Costs

Barrick Gold & Goldcorp Among 5 Companies With The Lowest Extraction Costs

Written by SmallCapPower.com Increasing geopolitical tensions have created upward momentum in the gold price of late. The 5 Canadian gold mining stocks—not only small caps—identified below have the lowest extraction costs (or cash costs) in the mining industry and, given their low production costs, will likely benefit most from a rising gold price environment.  Cash costs refer […]
Easter Algos Dump Dollar After Dour Data Deluge

Easter Algos Dump Dollar After Dour Data Deluge

Earlier this morning the reflation narrative rolled over and died. That’s not just our dour assessment. Look around. The other folks who know what they’re talking about said exactly the same thing we did. Namely, that when it comes to the global reflation meme, the following is “bigly” bad… As a reminder, this comes on the […]
Trump’s Not So Great Deal With China

Trump’s Not So Great Deal With China

President Trump’s recent summit with Chinese President Xi Jinping was only modestly successful. The hard reality is that on both security and economic issues, the United States and China are rivals — not partners — and much tougher days lie ahead. Messrs. Trump and Xi reached no substantive agreement to curb North Korea’s nuclear program and on trade, […]
Widespread Bearishness Indicating Market Nearing A Turning Point?

Widespread Bearishness Indicating Market Nearing A Turning Point?

Bearish sentiment has overtaken what was a bullish environment that unfolded after last year’s election. The sentiment change can be attributed to a number of factors, such as continued gridlock in Washington, U.S. bombing campaigns in several countries overseas, etc. Most of the return generated by the equity market over the past two years has […]
EURNZD Double Three Elliott Wave Structure

EURNZD Double Three Elliott Wave Structure

The EURNZD rally this week failed as pair found sellers in 1.5355 – 1.5399 area and made new lows below 1.5149 low. With the new low seen today, the pair is now showing 5 swings sequence down from 3/24 (1.5485) peak. 5 swings means the sequence is incomplete and is in need of another swing lower […]