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Industrial Production Shows Signs Of Life

Industrial Production Shows Signs Of Life

Industrial production jumped 1.1% in February led by manufacturing. The Fed’s Industrial Production and Capacity Utilization report shows a 1.1 percent gain, well over the Econoday consensus of 0.4 percent. Details Another One-Month Wonder? Surges have typically been one-month wonders. Is this another one?
4 ETFs For A Green Portfolio On St. Patrick’s Day

4 ETFs For A Green Portfolio On St. Patrick’s Day

St. Patrick’s Day is around the corner and most investors are hoping for some luck of the Irish for green returns on this day. This will lead to increase in spending and an upsurge in investments, driving stocks higher. Per the National Retail Federation, Americans are expected to spend a record $5.9 billion on St. Patrick’s […]
Housing Starts, Permits Plunge In February As Rental Units Crash

Housing Starts, Permits Plunge In February As Rental Units Crash

Amid two months of dismal housing sales data, and after spiking in January, starts and permits just plunged in February, driven by a collapse in multi-family unit data. The 7.0% plunge in housing starts (-2.7% exp) is tied with the biggest drop since March 2017 and the 5.7% tumble in permits (-4.1% exp) is the biggest […]
To Hedge Inflation, Nudge At Neptune

To Hedge Inflation, Nudge At Neptune

Okay, I get it. Your stockbroker is telling you not to worry about inflation: it’s really low, core inflation hasn’t been above 3% for two decades…and, anyway, the Fed is really trying to push it higher, he says, so if it goes up then that’s good too. Besides, some inflation isn’t necessarily bad for equities since many companies […]
Michigan Consumer Sentiment: March Preliminary Exceeds Expectations

Michigan Consumer Sentiment: March Preliminary Exceeds Expectations

The University of Michigan Preliminary Consumer Sentiment for March came in at 102.0, up 2.3 from the February Final reading of 99.7. Investing.com had forecast 99.3. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment rose in early March to its highest level since 2004 due to a new all-time record favorable assessment […]
Trump Was Right About The Trade Deficit With Canada

Trump Was Right About The Trade Deficit With Canada

It was widely reported that Donald Trump confronted Canada’s prime minister Justin Trudeau over his country’s trade surplus with the United States. Trump was mocked in these stories, since they claimed the Canada actually has a trade deficit with the United States. When confronted with this alleged fact, Trump boasted about just making up numbers in his […]
Most Active Equity Options And Strikes For Midday – Friday, March 16

Most Active Equity Options And Strikes For Midday – Friday, March 16

Top tickers for midday: AAPL, BAC, MU, BABA, AET, FB, X.
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                        EUR/USD Short In Progress

E EUR/USD Short In Progress

The USD recovery is seen across the board today as investors are preparing for the Fed meeting next week. It is widely expected that the Fed will deliver another 25bp rate hike, lifting the target range for the federal funds rate to 1.50% to 1.75%. The main focus will be on the updated Summary of […]
GBP/USD Headed To 1.38?

GBP/USD Headed To 1.38?

It should also be a busy week for sterling with a Bank of England monetary policy announcement, retail sales, consumer prices and labor market reports scheduled for release. After numerous tests, GBP/USD rejected 1.40 and appears on its way back down to 1.3800. Whether this key level is broken or not will be determined by […]
Snap Inc: Rihanna’s Yesterday Post Sinks Snapchat Shares

Snap Inc: Rihanna’s Yesterday Post Sinks Snapchat Shares

Shares of Snap, Inc. (SNAP) tumbled yesterday after Rihanna protested an ad that made light of an assault that her ex-boyfriend Chris Brown made on her. The singer urged fans to get rid of the app because of an ad that was created by a third-party online game known as “Would You Rather”. The advert […]