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Oil Price Causes Spikes And Crashes In Inflation

Oil Price Causes Spikes And Crashes In Inflation

Big moves in oil price have a big impact on inflation Correlation of 54%, hence, if oil price increases inflation increases and vice versa This chart also highlights how sensitive CPI as a measure of inflation is too big price changes in oil
Durable And Capital Goods, Distortions Big And Small

Durable And Capital Goods, Distortions Big And Small

New orders for durable goods, excluding transportation industries, rose 9.1% year-over-year (NSA) in January 2018. Shipments of the same were up 8.8%. These rates are in line with the acceleration that began in October 2017 coincident to the aftermath of hurricanes Harvey and Irma. In that way, they are somewhat misleading. The seasonally-adjusted data gives […]
1-Year Treasury Rates Hit 10 Year High

1-Year Treasury Rates Hit 10 Year High

Yesterday in the bond auction, the 1-year Treasury bill yield hit a 10-year high at 2.02 percent. This is good news for savers as they are finally starting to see some risk free returns on their money in the bank. Furthermore, new Fed Chair Jerome Powell testified on Capitol Hill and suggested that there will […]
US Dollar Bullish Momentum Faces Final Resistance Zone

US Dollar Bullish Momentum Faces Final Resistance Zone

EUR/USD 4 hour The EUR/USD broke below the support trend line (dotted blue) and is now testing the previous bottom (green). The support zone is a key decision level for a bullish bounce or bearish breakout and will decide whether USD strength or weakness will prevail. A bearish break makes a wave 4 (purple) pattern […]
Sensex Trades In Red; Manufacturing Activity Slows Down

Sensex Trades In Red; Manufacturing Activity Slows Down

After opening the day in red, Share markets in India have continued the downtrend and are presently trading deep in red. Sectoral indices are trading on a negative note, with stocks in the metal sector and stocks in the banking sector witnessing maximum buying interest. The BSE Sensex is trading down by 250 points (down 0.7%) and the NSE Nifty is trading down 82 points […]
AUD/USD Daily Analysis – Wednesday, February 28

AUD/USD Daily Analysis – Wednesday, February 28

AUD/USD broke below 0.7790 support, indicating that the downtrend from 0.7988 has resumed. Further decline would likely be seen in the coming days and next target would be at 0.7700 area. Near-term resistance is at 0.7830, only break above this level could bring price back to test 0.7893 key resistance. Above this level could take […]
The Divergence Of GE And The S&P 500

The Divergence Of GE And The S&P 500

Watching the movement of the stock prices of individual companies change with respect to one another can be a lot like watching the flight of a flock of starlings. Imagine, if you will, a flock made of the stock prices of the individual companies that compose a stock market index like the S&P 500 (Index: INX). A […]
Silver Hits Key Support Amid Hedge Fund Exodus

Silver Hits Key Support Amid Hedge Fund Exodus

While the dollar is down around 3% year-to-date, not all dollar-denominated assets are rallying and in fact, silver is now the biggest loser among the precious metals. Palladium’s recent resurgence has pushed it back above silver for the year (though still in the red) as Gold and Platinum remain in the green for the year. […]
Stocks To Trade: SPLK, BAC, FSLR

Stocks To Trade: SPLK, BAC, FSLR

Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Splunk (SPLK)   Long Bank of America (BAC) Short First Solar (FSLR)
Bi-Weekly Economic Review: One Down, Three To Go

Bi-Weekly Economic Review: One Down, Three To Go

Economic Reports Economic Growth & Investment We pay particular attention to broad-based indicators of growth. The Chicago Fed National Activity Index and the Conference Board’s Leading Economic Indicators are examples. We watch them because we are mostly interested in identifying inflection points in the broad economy and aren’t as interested in the details. Why? Because, […]