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USDCAD Daily Analysis – Thursday, Nov. 30
USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then the following upside movement could take price to 1.3100 area.
Stocks To Trade: ABBV, DLPH, AMD
Take a look at three trading ideas to prep you for the next trading session. Long AbbVie (ABBV) Long Delphi Automotive (DLPH) Short Advanced Micro Devices (AMD)
Meanwhile, South Korean Industrial Production Crashes
With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality… South Korean Industrial Production crashed 5.9% YoY in October – the biggest plunge since Feb 2013 – driven by a 17.5% collapse in auto production. Economists had forecast a […]
Comment Of The Day: “Bitcoin Ought To Be Outlawed” Stiglitz
Economist Joseph Stiglitz sees no socially useful purpose to Bitcoin and concludes it should be banned. The former chief economist of the World Bank, Joseph Stiglitz Wants Bitcoin Banned. “Bitcoin is successful only because of its potential for circumvention, lack of oversight,” Joseph Stigliz, currently a professor at Columbia University, said in an interview on Bloomberg […]
EUR/USD: ‘Primed For Another Look At Higher Levels’
EUR/USD lost the highs but may be marking a higher low in its correction. Can it tackle 1.20 once again? The team at NAB examines the next moves in euro/dollar. Here is their view, courtesy of eFXnews: NAB FX Strategy Research discusses EUR/USD outlook and makes a bullish case for the pair with 1.15 stands as […]
All The Banks Deserve Are Crocodile Tears
It’s official. Lending institutions are having a tough time making loans. Don’t get me wrong, they still make money the old fashioned way: by borrowing from us through deposits on which they pay almost no interest, and then lending it long term to anyone that qualifies. But they’ve had to jack up their other fees […]
Lemmings In Full Stampede Toward The Fiscal Cliff
The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below. From bitcoin to Amazon, the financials, the Russell 2000 and most everything else in between, the casinos are digesting no information except the price action and are relentlessly rising on nothing more […]
Three USD Markets Point One Way
Simply put the USD is the biggest digital currency, and it dwarfs bitcoin by several orders of magnitude. It seems that the Fed itself does not realize its own game. Lets get into those digital currencies then! THURSDAY’S RISK EVENTS USD: Unemployment Claims, Chicago PMI, Personal Spending m/m.EUR: German Retail Sales m/m, CPI Flash Estimate y/yGBP: N/A.JPY: […]
How Much Runway Is Left For The U.S. Expansion?
The U.S. expansion is over eight years old, and the S&P 500® Index is up almost 300 percent, cumulatively, from the bottom in 2009.1 This is the second longest bull market in modern history and the third longest economic expansion in records dating back to the 1800s. History would suggest that now is not the time to be complacent. After all, […]
Stocks Don’t Do Well Following Quiet Years Like 2017
End Of The Yield Curve Flattening Period Treats Stocks Well In continuation with our discussion about what the flattening yield curve means for stocks, the chart below shows the historical movements in the S&P 500 when the yield curve falls below 60 basis points. Firstly, you can see that the time it takes to invert […]
