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Sentiment Snapshot: Bonds Bounded

Sentiment Snapshot: Bonds Bounded

In markets it’s important to be mindful of both the tides and the waves, and the latest weekly sentiment survey on Twitter provides some food for though on that statement in regards to the bond market. While equity “fundamentals” sentiment has been holding up well, bond market fundamentals sentiment has started to show some disagreement. And when […]
Stocks To Trade: MGM, DK, NYT

Stocks To Trade: MGM, DK, NYT

Monday’s stock picks: Long MGM Resorts (MGM) Long Delek US Holdings (DK) Short New York Times (NYT)
GBP: A Transition Deal In The EU Summit Can Send It Higher

GBP: A Transition Deal In The EU Summit Can Send It Higher

The EU Summit starting on March 22nd may certainly be a market-moving event. A deal on the transition can have a significant impact. Here is the view from Bank of America Merrill Lynch. Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch Research discusses GBP/USD outlook and notes that could be a big […]
Warning! The Crypto Tax Man Cometh

Warning! The Crypto Tax Man Cometh

Did you sell Bitcoin to diversify into Altcoins? If the answer is yes, please pay attention. According to the Internal Revenue Service, anything purchased using a digital currency is liable to be taxed as a capital gain. Do you have records when you bought and sold? Sold includes trading Bitcoin for Altcoins or vice versa. […]
Sensex Opens On A Flat Note; Metal & Energy Stocks In The Red

Sensex Opens On A Flat Note; Metal & Energy Stocks In The Red

Asian stock markets are trading on a mixed note after it was reported that the Federal Reserve is likely to deliver a hike in US interest rates and perhaps signal that as many as three more lie in store for the rest of the year. The Nikkei 225 is down 0.89% while the Hang Seng is up 0.34%. The Shanghai […]
S&P 500 And Nasdaq 100 Forecast – Monday, March 19

S&P 500 And Nasdaq 100 Forecast – Monday, March 19

S&P 500 The S&P 500 initially tried to rally during the trading session on Friday but turned around to form a shooting star. The shooting star of course suggesting a bit of weakness, but I see plenty of support just below. I think that we may drift a little bit lower before attracting attention, somewhere […]
Yen May Continue Higher As G20 Meeting Stokes Trade War Jitters

Yen May Continue Higher As G20 Meeting Stokes Trade War Jitters

The Yen outperformed in otherwise staid Asia Pacific trade. Japan’s Nikkei 225 stock index declined, offering a lift to the standby anti-risk currency. China announced that it will levy an anti-dumping levy on chemicals imports from Japan, which may have sparked the sell-off. South Korea was also targeted, and its KOSPI equities benchmark likewise fell. Duties will range from 16 to 190 percent. […]
Eurozone Banking Crisis – ECB Delays Rules For Bad Loans Until 2021

Eurozone Banking Crisis – ECB Delays Rules For Bad Loans Until 2021

The European Central Bank (ECB) has postponed its new guidelines for banks because if it did not, the Italian banking system would simply collapse. The ECB has given Eurozone area banks more time to adapt to new guidelines on how to deal with bad loans. The deadline has been postponed from 2018 off into 2021.  […]
USDCAD Daily Analysis – Monday, March 19

USDCAD Daily Analysis – Monday, March 19

USDCAD’s upside movement from 1.2803 extended to as high as 1.3110. Further rise is still possible and next target would be at 1.3200 area. Near-term support is at 1.3050, as long as this level holds, the uptrend will continue. On the downside, a breakdown below 1.3050 would indicate that consolidation for the uptrend is underway, […]
The Benefits Of RRSPs And How To Use Them

The Benefits Of RRSPs And How To Use Them

Ah, tax time. For some it’s a burden, paying the government sucks. But at one point in our lives, we will be pulling a fast one and getting money back from the government. For some, this can come in the form of tax free investment option like a TFSA. You can learn, start contributing to […]