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Gold Prices Rise As US Dollar Sinks, Crude Oil Eyes OPEC Meeting

Gold Prices Rise As US Dollar Sinks, Crude Oil Eyes OPEC Meeting

Gold prices managed to secure an upswing as the supportive influence of a weaker US Dollar outweighed headwinds from rising yields. Ebbing haven demand appears to have accounted for the greenback’s weakness. It fell alongside Treasury bonds while stocks surged. Pre-positioning ahead of next week’s FOMC monetary policy announcement (admittedly not of the kind expected) might account […]
AUDUSD Daily Analysis – Friday, Sept. 21

AUDUSD Daily Analysis – Friday, Sept. 21

AUDUSD’s upside movement from 0.7085 extended to as high as 0.7294. Further rise is still possible after a minor consolidation and next target would be at 0.7350 area. Near-term support is at 0.7250, only a breakdown below this level could bring the price back to 0.7150 area.
Recent Stock Purchase September 2018

Recent Stock Purchase September 2018

With three weeks of September in the rear-view mirror, it is time, once again, to highlight my recent stock purchase. As market volatility remains the flavor of the day we are being presented with some pretty good buying opportunities if you can stomach these wild up and down swings. Of course, if you have a […]
Thai Stocks Analysis

Thai Stocks Analysis

Regional stocks, including Thai equities, may find it hard to have any meaningful rebounds in price. Uncertainties on US-China trade tension not only weighs on risk assets and encouraged flows into safe-havens, it is also putting Fed’s policy into a difficult position. According to data, Thailand equities outflows are the third largest among major Asia […]
Larger Storage Injection Can’t Stop Natural Gas Rally

Larger Storage Injection Can’t Stop Natural Gas Rally

The October natural gas contract rallied a bit over 2% again today, selling off initially on a slightly larger than expected storage injection announced by the EIA but very rapidly reversing high and rallying through the middle portion of the day.  The November contract again helped lead the way higher, leading to another move lower […]
Housing Slump Continues

Housing Slump Continues

The National Association of Realtors (NAR) today picks right up where we left off yesterday. The Census Bureau had reported another month suggesting a rough spot in real estate. More recent housing data isn’t encouraging, either. The lower the unemployment rate goes, the main emphasis of this “boom”, the worse the housing market becomes; not because […]
August 2018 Leading Economic Index Remains Pointing To Solid Growth

August 2018 Leading Economic Index Remains Pointing To Solid Growth

The Conference Board Leading Economic Index (LEI) for the U.S improved this month – and the authors say “The leading indicators are consistent with a solid growth scenario in the second half of 2018 and at this stage of a maturing business cycle in the US, it doesn’t get much better than this”. Analyst Opinion […]
“US Vs Them” Goes Parabolic

“US Vs Them” Goes Parabolic

Continuing a theme we noted three weeks ago when we noted the record outperformance of the US stock market vs the rest of the world, Bank of America writes today that in August, the S&P 500 continued its nine-year-long trend of outperformance versus the rest of the world in August. Fueled by the strongest macro backdrop in […]
Why Software ETFs Are Soaring

Why Software ETFs Are Soaring

                                                               (Video length 00:09:35) Technology continues to be one of the best performing sectors this year, up about 17%. Some areas within technology have done […]
Darden’s (DRI) Stock Up On Q1 Earnings Beat, Raised View

Darden’s (DRI) Stock Up On Q1 Earnings Beat, Raised View

Darden Restaurants, Inc. (DRI – Free Report) reported better-than-expected results in the first quarter of fiscal 2019. Adjusted earnings of $1.34 per share surpassed the Zacks Consensus Estimate of $1.23. The bottom line also increased 35.4% year over year on the back of higher revenues. Notably, the quarter marked the 16th consecutive earnings beat for the company. Results […]