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AUD/USD Forecast October 8-12 – Will It Break Below 0.70?

AUD/USD Forecast October 8-12 – Will It Break Below 0.70?

The Australian dollar had a tough week, surrendering to the strength of the US dollar and falling to fresh 21-month lows. What’s next? A mix of events awaits Aussie traders. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia left interest rates unchanged as expected and Australian retail […]
4 ETF Picks For October

4 ETF Picks For October

The month of October will be highlighted by a deluge of earnings, rising rate worries and the onset of the holiday season. As per the Earnings Trends issued on Oct 3, 2018, earnings growth of the S&P 500 in Q3 is expected to be 17.9% on 7.3% higher revenues. The economic front looks upbeat barring some occasional […]
Can Seasonal Adjustments Help Us Understand The Economy?

Can Seasonal Adjustments Help Us Understand The Economy?

According to mainstream thinking, economic slumps are caused by various shocks. This means that these slumps are caused by unexpected events, which by implication are not known beforehand. Obviously if reasons behind various shocks cannot be established beforehand it makes sense to look at various symptoms of the emerging economic slump. Based on these symptoms […]
What Bonds Leading The Way Means For Stocks

What Bonds Leading The Way Means For Stocks

What Is Keeping Bank Stocks Down?

What Is Keeping Bank Stocks Down?

Finance sector earnings were up +21.5% in the June quarter and the expectation is that growth in the Q3 earnings season, which JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C) kick-off with their results on Friday, October 12, will likely be even better. But none of that shows up in the group’s stock market performance, […]
Week In Review: Shanghai Henlius To File For Hong Kong IPO At Valuation Of Over $1 Billion

Week In Review: Shanghai Henlius To File For Hong Kong IPO At Valuation Of Over $1 Billion

Shanghai Fosun Pharma (HK: 02196: SHA: 600196) announced it will seek a Hong Kong IPO for Shanghai Henlius Biotech, its monoclonal antibody JV subsidiary (see story). At the same time, the company will withdraw its application for a listing on China’s Third Board, the National Equities Exchange and Quotations System. Founded in 2010, Henlius is a joint […]
End Of An Era: Swiss Banks Now Exposing Tax Cheats

End Of An Era: Swiss Banks Now Exposing Tax Cheats

It’s the end of an era for Switzerland’s notorious secret bank accounts, as the world’s historical haven for managing offshore wealth began automatically sharing client data with tax authorities in dozens of other countries, according to Reuters.  The Federal Tax Administration (FTA) said on Friday it had for the first time exchanged financial account data at the […]
Economic Data And Forecasts For The Weeks Of October 8 And15

Economic Data And Forecasts For The Weeks Of October 8 And15

Here are my forecasts for upcoming economic data.         Forecast Prior Observation Consensus   Week of October 8         October 9         NFIB Small Business Optimism Index – September 108.8 108.8 108.0             October 10         Producer Price […]
SPX Closes At Short-Term Support

SPX Closes At Short-Term Support

  VIX rallied above its Long-Term resistance and bullish flag formation at 14.45, confirming a buy signal. The Cycles Model shows a likely surge in strength for the VIX through late October. (Bloomberg)  The scariest Halloween costume imaginable pales in comparison to a Friday inversion of the VIX futures curve. A severe sell-off in technology […]
Acuity Brands: The Business Uncertainties From Tariff And Wage Inflation

Acuity Brands: The Business Uncertainties From Tariff And Wage Inflation

I last mentioned Acuity Brands (AYI), a lighting and building management solutions company with $3.7B in net sales in 2018, three months ago. At that time, I described a good risk/reward setup to go long the stock post-earnings. AYI shot nearly straight up from there. The stock broke through resistance at its 200-day moving average (DMA) and gained as […]