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                        International Oil Market Is Tightening; Iran Sanctions Make Matters Worse

E International Oil Market Is Tightening; Iran Sanctions Make Matters Worse

U.S. President Donald Trump’s decision to withdraw from an international agreement to curb Iran’s nuclear program has resulted in significant sanctions being re-imposed on Iran’s financial, automotive, aviation and metals sectors. As well, the Administration has set Nov.4th as a deadline for Iranian oil buyers to completely cut their purchases to avoid American sanctions. Iran […]
Shale Oil Becomes Shale Fail (and A Nice Subsidy For Consumers)

Shale Oil Becomes Shale Fail (and A Nice Subsidy For Consumers)

I’m tempted to say the following to the writers of two recent pieces (here and here) outlining the continuing negative free cash flow of companies fracking for oil in America: “Tell me something I don’t already know.” But apparently their message (which has been true for years) needs to be repeated. This is because investors can’t seem […]
Book Review: Volcker, Keeping At It

Book Review: Volcker, Keeping At It

The 91-year-old Paul A. Volcker has had a long, distinguished career, highlights of which he recalls in Keeping At It: The Quest for Sound Money and Good Government (Public Affairs / Hachette, 2018). For those with a financial memory, he is best known for his role as the Federal Reserve chairman who shepherded the economy through a […]
USDCAD Weekly Analysis – Sunday, Oct.28

USDCAD Weekly Analysis – Sunday, Oct.28

USDCAD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 1.3385 had completed at 1.2782 already. A further rise is still possible and next target would be at 1.3300 area. Near term support is at 1.2960, only a breakdown below this level could trigger another fall towards 1.2700.
Weighing The Week Ahead: What Do The Mid-term Elections Mean For Financial Markets?

Weighing The Week Ahead: What Do The Mid-term Elections Mean For Financial Markets?

We have a huge economic calendar. While employment data will get most of the attention, there are also important reports on ISM manufacturing, personal income, PCE prices, consumer confidence and auto sales. Earnings season continues with another big week of reports. In normal times these topics would provide plenty to think about. Nowadays, none of […]
Thumbnail Sketch Of Six Things To Monitor This Week

Thumbnail Sketch Of Six Things To Monitor This Week

We detail the six things to watch in the coming week and why: Equities, Bank of England and Bank of Japan, EMU GDP, US data, China PMI and European politics Equities  Global equities have sold off hard. The magnitude of the recent loss is similar to what happened earlier this year. The MSCI World Index […]
Canada Hikes Rate For Third Time In 2018: ETFs In Focus

Canada Hikes Rate For Third Time In 2018: ETFs In Focus

On Oct 24, Bank of Canada (BoC) raised its key interest rate by a quarter point to 1.75%, marking its third rate hike this year and fifth from 2017, when it started to raise rates. This rate hike was already expected and priced in by the markets but the hawkish tone of the central bank […]
Trading Support And Resistance – Sunday, Oct. 28

Trading Support And Resistance – Sunday, Oct. 28

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
Hey, Tim – Weaponized Data … Really?

Hey, Tim – Weaponized Data … Really?

  Apple is the most valuable tech company in the world. So when its CEO lambastes other tech companies for “weaponizing [user data] against us with military efficiency,” people are going to take him seriously. After all, Tim Cook is the de facto leader of the tech world. While he didn’t name names, his vilification was clearly […]
Tesla’s Blowout Earnings, Deepening Criminal Probe, And Same Old Musk

Tesla’s Blowout Earnings, Deepening Criminal Probe, And Same Old Musk

Tesla posted a surprise profit Wednesday. On Friday, the WSJ Noted a Deepening Criminal Probe. Musk is Still Musk. Tesla Roundup On Wednesday , Tesla shares ripped higher on a Surprise Third-Quarter Profit that Beat Wall Street Expectations. The company’s earnings report, released after the markets closed Wednesday, also showed better-than expected car sales and […]