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Emerging Markets: Preview Of The Week Of Sept. 17-21

Emerging Markets: Preview Of The Week Of Sept. 17-21

EM FX ended mixed in Friday, capping off an up and down week. RUB and TRY initially firmed on their respective rate hikes but gave back some of those gains heading into the weekend. Trade tensions are likely to remain high, as press reports suggest President Trump is pushing ahead with tariffs on $200 billion […]
Michigan Consumer Sentiment: September Sees Robust Rise

Michigan Consumer Sentiment: September Sees Robust Rise

The University of Michigan Preliminary Consumer Sentiment for September came in at 100.8, up 4.6 from the August Final reading. Investing.com had forecast 96.7. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment posted a robust rise in early September, reaching 100.8, the second highest level since 2004-only behind the March 2018 reading […]
BCA: The “Bubble In Everything” Threatens $400 Trillion In Assets

BCA: The “Bubble In Everything” Threatens $400 Trillion In Assets

By now, it’s a very familiar question: how high can the Fed hike rates before it causes a major market “event.” Two weeks ago, Stifel analyst Barry Banister became the latest to issue a timeline on how many more rate hikes the Fed can push through before the market is finally impacted. According to his […]
Surf’s Up

Surf’s Up

US stocks regained their bullish stance with risky debt putting in a stellar week relative to the safety of US Treasuries. Volatility also dropped to the lowest levels since early January, another bullish sign. Our Risk Gauges are now 100% bullish. This seems to have given us the answer to last week’s question of whether […]
USDCAD Weekly Analysis – Sunday, Sept.16

USDCAD Weekly Analysis – Sunday, Sept.16

USDCAD is now in an uptrend from 1.2887 and the fall from 1.3226 would possibly be correction for the uptrend. Another rise would likely be seen after the correction and a break of 1.3226 resistance could trigger further upside movement towards 1.3500. Support is at 1.2887; only a breakdown below this level would indicate that […]
Precious Metals Need Catalyst

Precious Metals Need Catalyst

Precious metals and miners need a catalyst to find a sustainable bottom, and I just don’t see that right now. To catch a bid, there needs to be a psychological shift from risk-on to risk-off. That will take either the US economy rolling over in 2019 or a convincing attempt to impeach Trump. These are […]
AUD/USD Forecast Sept. 17-21 – Has The Aussie Bottomed Out?

AUD/USD Forecast Sept. 17-21 – Has The Aussie Bottomed Out?

The Australian dollar reached new lows but managed to recover as the market mood improved. What’s next? The RBA Meeting Minutes stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia enjoyed a gain of 44K jobs in August, nearly triple the expectations. Another boost to the Aussie came from the […]
FX Week Ahead: Inflation Data Due From Eurozone, UK, Japan And Canada

FX Week Ahead: Inflation Data Due From Eurozone, UK, Japan And Canada

Talking Points: Trade tensions are back in the spotlight after Friday’s announcement that US President Trump was ordering tariffs on $200 billion of Chinese imports. Inflation figures due out over the coming week may not carry the potency that they usually do – but the Canadian CPI report seems like it has the greatest potential […]
Gold Goes Down – Its Trend Goes Up – And Imbalances Are Everywhere

Gold Goes Down – Its Trend Goes Up – And Imbalances Are Everywhere

To state that Gold closed down for the week — indeed down for the 12th time in the past 14 weeks — but that price’s trend flipped up from Short to Long — is justification to ring up the LTS (Looney Tune Squad) for the author to be carted away. To be sure, mathematical measures of markets can materially […]
China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs

China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs

When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200 billion round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled in Washington for Sept. 27 and Sept. 28. Now, in a follow up report, the WSJ has […]