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The Dollar And Oil

The Dollar And Oil

“Davidson” submits: US$ has dropped past 2 days and the inverse to $WTI while not lock-step is prominent. US$ is in part coupled to global capital returns and how safe/strong investors believe capital returns are likely to be. When the US protects Democratic institutions globally and the rule of law, the US$ falls as capital leaves ‘safe-haven’ US$ […]
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                        Canadians Get A Reality Check By The Finance Minister

E Canadians Get A Reality Check By The Finance Minister

A sobering look at the Canadian economy by the Finance department argues that the recent rapid pace of growth is not sustainable over the next five years. As reported in the Canadian press today, an internal memo for Finance Minister Bill Morneau indicates that potential growth will be contained at 1.7 % through to 2022. […]
EUR/USD Forecast Jan. 15-19, 2018

EUR/USD Forecast Jan. 15-19, 2018

EUR/USD dropped to lower ground but recovered nicely in a week that saw more volatility than the prior week. Final inflation figures stand out in the week before the ECB decision. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB meeting minutes delivered more action than usual: […]
Paging Goldilocks: CPI Beat Makes Good News Bad Again

Paging Goldilocks: CPI Beat Makes Good News Bad Again

Remember “good news is bad news”? Of course you do. Because that’s the heart of the “Goldilocks” narrative that’s propping up risk assets. Bottom line: you do not want “too much” inflation pressure, because a sudden uptick in inflation could cause central banks to effectively revoke the market’s license to co-author the policy script by […]
Walmart Giveth, And Walmart Taketh Away

Walmart Giveth, And Walmart Taketh Away

Walmart made two announcements yesterday that perfectly illustrate the dilemma facing the developed world. First, the omnipresent retailer raised its minimum wage to a respectable-sounding $11/hr: Walmart is raising its minimum wage and handing out tax cut bonuses (WGNO) – Walmart is raising its minimum wage and handing out tax cut bonuses because of the […]
Advanced Micro Devices Shares Slip Lower On Security Threats

Advanced Micro Devices Shares Slip Lower On Security Threats

Advanced Micro Devices, Inc. (AMD) Shares of AMD had a regular trading session on Thursday, January 11th, 2017. Shares traded in their daily average range and closed up 18 cents on the day at $12.14. However, news was announced by the company in the after market hours that that drove this year’s down nearly 4%. She has […]
Retail Sales, Consumer Sentiment, And The Aftermath Of Hurricanes

Retail Sales, Consumer Sentiment, And The Aftermath Of Hurricanes

Consumer confidence has been sky-high for some time now, with the major indices tracking various definitions of it at or just near highs not seen since the dot-com era. Economists place a lot of emphasis on confidence in all its forms, including that of consumers, and there is good reason for them to do so; […]
GBP/USD: Bullish, Resumes Short Term Uptrend

GBP/USD: Bullish, Resumes Short Term Uptrend

GBP/USD: The pair faces further move higher as it builds up on its Thursday gain. Support lies at the 1.3600 level where a break will turn attention to the 1.3550 level. Further down, support lies at the 1.3500 level. Below here will set the stage for more weakness towards the 1.3450 level. Conversely, resistance stands […]
Energy ETF (IEO) Hits New 52-Week High

Energy ETF (IEO) Hits New 52-Week High

For investors seeking momentum, iShares U.S. Oil & Gas Exploration & Production ETF (IEO – Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 36% from its 52-week low price of $50.49/share. But are more gains in store for this ETF? Let’s take a quick look at the fund […]
Electronic Arts Downgraded On Reduced ‘Star Wars’ Estimates At Morgan Stanley

Electronic Arts Downgraded On Reduced ‘Star Wars’ Estimates At Morgan Stanley

As previously reported, Morgan Stanley analyst Brian Nowak downgraded Electronic Arts to Equal Weight from Overweight after disappointing “Star Wars: Battlefront 2” third party data led him to lower his Star Wars unit estimate in Q3 to 10M from 13M. He adds that he doesn’t expect any microtransactions from Star Wars until Q4 and that […]