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Rupee Sinks To All-Time Low Vs. US Dollar

Rupee Sinks To All-Time Low Vs. US Dollar

The Rupee hit a new low vs the US dollar today crossing the 69 threshold for the first time. The Rupee hit a Record Low against the us dollar today on oil and emerging market concerns. While most currencies have been losing ground against the dollar, the rupee’s 8% slide in 2018 makes it Asia’s worst-performing currency. […]
USD/CAD Price Analysis: Canadian Dollar On The Offensive

USD/CAD Price Analysis: Canadian Dollar On The Offensive

The Canadian Dollar looks poised for further gains with USD/CAD looking vulnerable here after rallying nearly 11% off the September low. Ultimately, the pullback should offer more favorable long-entries as price continues to trade within the confines of a broad ascending technical formation. These are the updated intraday targets & invalidations levels that matter for USD/CAD heading […]
US Home Ownership Patterns

US Home Ownership Patterns

Home ownership rates in the US rebounded a bit in 2017, but remain near historically low levels. This is a source of concern for a number of reasons: home ownership is a savings vehicle that has worked for a number of households over time; being a homeowner encourages people to look after and contribute to […]
How To Leave The Euro: A Practical Roadmap For Italy

How To Leave The Euro: A Practical Roadmap For Italy

The leaders of Italy’s new populist government say they do not want to leave the euro. Except, no one believes them. They are on record as saying the euro was a bad idea. Until they were stopped by the President of the Italian Republic, they tried to appoint Paulo Savona, a well-known eurosceptic, as finance […]
Wall Street Is Ignoring BlackBerry’s Most Exciting Business, Potential Toyota Deal

Wall Street Is Ignoring BlackBerry’s Most Exciting Business, Potential Toyota Deal

BlackBerry (BB) stock seems to have dropped sharply after the company’s earnings because investors are focusing almost exclusively on a decline in the company’s enterprise software revenue last quarter. But Wall Street is inexplicably ignoring the rapid growth of the company’s most exciting unit, its BlackBerry Technology Solutions, or BTS division. Most of BTS’ revenue is […]
7 Year Auction Prices “On The Screws” As Yield Dips For Second Month

7 Year Auction Prices “On The Screws” As Yield Dips For Second Month

Concluding the week’s trio of coupon auctions, moments ago the Treasury sold $30 billion in 7 Year paper at a yield of 2.809%, “on the screws” with the When Issued, and just like this week’s prior 2 and 5-Year auction, a decline from last month’s 2.93%. This was the second consecutive “belly” auction that has […]
4 Energy Mutual Funds To Buy As Oil Prices Rally Above $70

4 Energy Mutual Funds To Buy As Oil Prices Rally Above $70

The Energy sector has undoubtedly been one of the best performing sectors so far this year. In fact, the Energy Select Sector SPDR ETF has gained 4.6% year to date. Further, U.S. crude price surged to above $70 a barrel for the first time in a month’s time. Also, U.S. crude inventories declined 9.9 million […]
Emerging Market Exodus May Send The Whole World Down

Emerging Market Exodus May Send The Whole World Down

The Indian Rupee (INR) has reached a lifetime low against the US Dollar. The Chinese Yuan is being devalued on a daily basis. Argentina has called in the IMF to help stem the downfall of the local peso. These are only three examples of a broader phenomenon of money flowing out of emerging markets. Higher US rates and […]
Don’t Miss This Important Signal!

Don’t Miss This Important Signal!

It is generally agreed that in a Gold Bull Market, the gold producers lead the way, by outperforming gold bullion. To examine this trend we visit Stockcharts.com and pull up a chart that compares mining stocks (GDX) to gold bullion (GLD). This index bottomed in March and since then the miners have moved ahead of […]