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Gold Continues To Slide

Gold Continues To Slide

Gold prices closed at their lowest level since February 2 on anticipation of tighter U.S. monetary policy and as the dollar strengthened against other currencies. The XAU/USD pair slumped to $1214.10 an ounce before recovering slightly to the $1216.53 level. Technical selling was also behind gold’s 0.81% drop on Tuesday. Not surprisingly, dropping below the […]
Dollar Bid As Rates Firm

Dollar Bid As Rates Firm

The US dollar is moving higher against nearly all the other major foreign currencies today. As far as we can tell, the driving force remains interest rate considerations. US rates are rising in absolute terms and about Europe and Japan. The US 10-year yield is moving above the downtrend that has been in place since the day after the […]
How Would A March Rate Hike Affect The USD Majors?

How Would A March Rate Hike Affect The USD Majors?

The US Dollar is vulnerable to a sharp upside repricing if the Fed hikes rates at the March FOMC. Although the market has already swiftly repriced the likelihood of a March hike following the recent Fed comments, the pricing for the cumulative increase in rates over the next two years has only changed slightly. A […]
Minimize Your Risk; Become A More Productive Investor

Minimize Your Risk; Become A More Productive Investor

Most investors incorrectly think of “risk” as the possibility that the market value of a financial asset might fall below the amount that has been invested… OMG, how could this be happening! Wall Street does everything in its power to support such misconceptions. The ideas that lower market price = loss or bad and that higher […]
Bojangles, Inc.: Shares Fall On Lower Than Expected Q4 Earnings

Bojangles, Inc.: Shares Fall On Lower Than Expected Q4 Earnings

Bojangles, Inc. (BOJA), a national restaurant franchise company yesterday reported their fiscal fourth quarter and full year 2016 financial results. Bojangles reported fourth quarter adjusted earnings of $0.28 per share which beat analyst expectations of $0.21 per share. Bojangles reported fourth quarter revenues of $139.4 million which fell short of analyst expectations of $140.4 million. […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, March 8

S&P 500 And Nasdaq 100 Forecast – Wednesday, March 8

S&P 500 The S&P 500 fell slightly during the day on Tuesday as we continue to see a bit of a malaise when it comes to the indices. However, I believe there is more than enough support just below to keep this market afloat, so I’m looking at this pullback award this grind sideways is […]
EURUSD, EURCAD And XAUUSD TA – March 8

EURUSD, EURCAD And XAUUSD TA – March 8

EURUSD intra-day analysis   EURUSD (1.0563): EURUSD was seen retracing the gains made from last Friday with price action likely to test 1.0551 sometime today. Establishing support here could put the bias balanced on both sides, with the scope of a rally that could see 1.0700 being tested while a breach of 1.0551 could trigger a […]
Trump’s Defense Spending Plans Make These ETFs Buys Again

Trump’s Defense Spending Plans Make These ETFs Buys Again

Defense stocks have been rallying since the election on hopes of a big boost in military spending. In his address to the Congress, President Trump said that his upcoming budget would seek “one of the largest increases in national defense spending in American history.” The budget is expected to be released later this month. Trump […]
BlackRock: We Believe European Near-Term Political Risks Are Probably Overstated – Here’s Why

BlackRock: We Believe European Near-Term Political Risks Are Probably Overstated – Here’s Why

Markets are anxious about several upcoming European elections, all featuring anti-European Union (EU) or anti-euro parties. Last year proved upsets can happen, but we believe European near-term political risks are probably overstated. Written by Richard Turnill (BlackRockBlog.com) The Netherlands holds elections next week, soon to be followed by France, and later Germany and Italy. We […]
How To Trade With Rate Hikes On The Horizon?

How To Trade With Rate Hikes On The Horizon?

Surveys Confirm That Analysts Are Expecting 3 Rate Hikes in 2017….. The time is nigh for rate hikes. On Tuesday, 13 March and Wednesday, 14 March, the Fed FOMC will be meeting to plot out the course of monetary policy vis-à-vis the Federal Funds Rate. The CME Group FedWatch tool now indicates an 86.4% probability […]