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Archives by Year:
Can USD/JPY Continue Higher? Two Opinions
USD/JPY topped 107 after a long period of depression in lower levels. What’s next? Here are opinions from Barclays and from TD: Here is their view, courtesy of eFXnews: USD/JPY: Technical Hurdles To Further Recovery – Barclays Barclays Research discusses USD/JPY outlook and thinks that while near-term dynamics should remain driven by global risk sentiment, the […]
February Trade Deficit At $57.59B, An Increase Of 1.6% MoM
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]
Gold Is Not Saying Something – Its Screaming It
Gold soared yesterday, likely based on the escalation of the trade conflict between the U.S. and China, but after several hours the rally was over. The tensions didn’t really subside, but the price of gold is already about $10 below the price at which it was trading when yesterday’s rally had started. Is gold trying […]
Has The Dollar Bottomed Against The Yen?
The US dollar appears to be carving a low against the yen. After a significant fall, investor ought to be sensitive to bottoming patterns. The first tell was the key reversal on March 26. In this case, the key reversal was when the dollar made a new low for the move (~JPY104.55) and then rallied to […]
US Dollar Catches A Bid Ahead Of Non-Farm Payrolls (NFP)
S&P 500 REVERSES AFTER KUDLOW COMMENTS ON TARIFFS It’s been a busy 24 hours across financial markets, with a key driver showing up in yesterday’s morning’s US session. As global stocks were starting to take on a worrying overtone, with the S&P 500 appearing very near a re-test of the February double-bottom, White House Chief Economic […]
Billion Dollar Unicorns: How Will Ellie Mae Handle Looming Mortgage Worries?
According to a study by the Mortgage Bankers Association, the US lenders are expected to issue a smaller amount of mortgages in 2018. Total mortgage originations are expected to fall to $1.60 trillion this year from $1.69 trillion in 2017. The amount of new loans to refinance a home are expected to drop 28.3% to $430 […]
Who Cut Dividends In March 2018?
In running through dividends by the numbers for March 2018, we found that a total of 92 U.S. firms declared that they would cut their dividends, the second highest figure ever reported for monthly data that goes back to January 2004, a period that encompasses the worst of both the Great Recession and the tax hike-motivated […]
Bulls Happier Again, But…
The U.S. stock market indexes gained 1.0-1.5% on Wednesday, following much lower opening of the trading session, as investors’ sentiment improved after rebounding off recent local lows. The broad stock market broke above the level of 2,600 again and got closer to 2,650 mark. The S&P 500 index trades 7.9%below January 26 record high of 2,872.87. […]
Bullish Breakout In Three ETFs (IWF, IYR, XLK)
Diamond Bottom in IYR US Wedge breakout in XLK US Wedge breakout in IWF US My preferred strategy is to buy small size and add on a pull back orback test of the broken wedge pattern. Stop the recent lows. Target in all three cases is new highs.
US Reports Biggest Ever Trade Deficit Ex. Petroleum
With so much attention focused on trade data in recent weeks, Trump will hardly be happy to learn that not only did the US trade deficit grow by 1.6% in February from $56.7BN to $57.6BN, missing expectations of a $56.8BN print, but was the highest monthly trade deficit going back ten years to 2008. According […]
