Archives by Month:
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Oil Breaks Out To New 52-Week High
The price of crude oil is breaking out today as shown in the chart below. At $74.73/barrel, crude is now at its highest level in nearly four years. While the five-year chart above looks relatively constructive, an even longer-term chart going back to 1990 looks more daunting for oil bulls. For the chart below to […]
USD/CAD: Meet The New NAFTA, Same As The Old NAFTA
At Forex.com, we try to avoid writing about the same currency pair two trading days in a row, but occasionally big new developments make it impossible to avoid. That’s definitely the case when it comes to USD/CAD. On Friday, we highlighted the big rally in oil prices and decent GDP data pushing the loonie higher, but the […]
MKM Says Sell Infinera After Checks Predict Loss Of Top Customer
Shares of Infinera (INFN) are sliding after MKM Partners analyst Michael Genovese downgraded the stock to Sell, saying his checks suggest the company’s loss of its biggest customer amid concerns with its ability to produce leading-edge equipment as the pace needed. SELL INFINERA: This morning, MKM Partners’ Genovese downgraded Infinera to Sell from Neutral and […]
August 2018 Headline Construction Spending Insignificantly Improved
The headlines say construction improved month-over-month but was on the lower end of expectations. The rolling averages declined. Analyst Opinion of Construction Spending The rolling averages declined – and last month was moderately revised downward. Also, note that inflation is grabbing hold. The employment gains currently are generally correlating with construction spending. Econintersect analysis: Growth […]
Canadian Dollar Price Outlook: Trading The USD/CAD Breakdown
The Canadian Dollar is on the offensive with news of a renewed US / Mexico / Canada trade agreement further supporting the Loonie early in the week. Here are the updated targets and invalidation levels that matter on the USD/CAD charts heading into the start of October trade. Review this week’s Strategy Webinar for an in-depth breakdown of this setup […]
Odd Man Out
Although this morning is a sea of green, and bulls are high-fiving each other left and right at all the lifetime highs taking place…….. The small caps don’t seem to feel like partying. This is an interesting exception, particularly considering how clean the failure from that symmetric triangle has been. Taking a look at the bigger picture, by way […]
World Trade Growth Expected To Decline From 4.9% To 3.7%
The Personal Income and Outlays report is widely followed because it provides information on the two most important factors in macroeconomics: inflation and consumer spending. Even though it is delayed, the Fed watches this inflation reading the closest, thus making it very important. Month over month August PCE inflation was only up 0.1% which missed […]
The Outsized US Suspicions About Trade: International Comparisons
The US economy, because of its enormous internal domestic market, is actually much less exposed to the effects of international trade than smaller economies around the world. For the world economy as a whole, the ratio of imports/GDP is about 28%, using World Bank data. For the US economy, the ratio of imports/GDP is 15%, about […]
USD/JPY Forecast: October 2018
The US dollar rallied during the bulk of the month of September and even managed to break the ¥113 level. This is a market that has shown a lot of bullish pressure over the last several weeks, and I think it’s only a matter of time before we go looking towards the ¥114.50 level. That’s […]
Markit Manufacturing PMI: Ongoing Confidence In September
The September US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 55.6, up 0.9 from the 54.7 final August figure. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is an excerpt from Chris Williamson, Chief Business Economist at IHS Markit […]
