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AUD/USD Daily Analysis – Friday, Nov. 23

AUD/USD Daily Analysis – Friday, Nov. 23

No changed in our view, AUD/USD remains in the downtrend from 0.7337, the bounce from 0.7201 could be treated as correction of the downtrend. Resistance is at 0.7280, as long as this level holds, the downtrend could be expected to resume and another fall towards 0.7100 is possible after the correction. Only a breakout of […]
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                        Stock Picking: Olin Corporation

E Stock Picking: Olin Corporation

This week, I’m seeking the second robust dividend-paying stock from the basic materials business sector for my Ivy portfolio.  That basic materials sector has thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; gold; paper; silver; specialty chemicals; steel. Today I’m […]
Asian Markets Lower After US Warnings Of Using Huawei Chinese Currency

Asian Markets Lower After US Warnings Of Using Huawei Chinese Currency

Asian stocks fell on Friday as reports emerged of US attempts to stop allies from using Huawei’s equipment. At the same time, Nissan Motor confirmed that its board voted to dismiss Carlos Ghosn as president. US urges allies not to use Huawei – report The US government is trying to convince its allies and Internet suppliers […]
The Stock Picker’s Dilemma

The Stock Picker’s Dilemma

Not many of us have an overarching theory that guides us in our approach to picking winning stocks. But I think one could classify most stock pickers into one of three types. In this article, I’m going to present these types by creating a conversation between three imaginary investors whose last names are Buzz, Carr, […]
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                        The American Job Market Is Performing Remarkably Well, Despite The Late Stage Of The Expansion

E The American Job Market Is Performing Remarkably Well, Despite The Late Stage Of The Expansion

The American job market tightened up even further in October. There was a strong expansion in payroll employment, labor force participation increased, and average hourly earnings surged at a 3.1% y/y growth rate, its strongest advance since April 2009. Non-farm payrolls increased by 250,000 in October, a very impressive performance considering that Hurricane Michael wreaked […]
Retail Investor Demand For Italian Bonds Drop To Lowest On Record

Retail Investor Demand For Italian Bonds Drop To Lowest On Record

There is a very simple reason why in recent months Italian banks have been “forced” to buy near record amount of Italian debt (which for now at least is backtopped by the ECB): because nobody else wants them. As frequent readers will recall, back in July we reported that during the first Italian bond crisis this year […]
October 2018 Philly Fed Coincident Index Year-Over-Year Rate Of Growth Marginally Slows

October 2018 Philly Fed Coincident Index Year-Over-Year Rate Of Growth Marginally Slows

The year-over-year rate of growth relative to the previous month of the US Coincident Index declined. A comparison of this US Coincident Index to other coincident indices follows. Analyst Opinion of the Current Status of the Coincident Indicators The reality is that most of the economic indicators have moderate to significant backward revision – and this month […]
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                        Are Policy ‘Refugees’ Jumping The Trump Tariff Ship?

E Are Policy ‘Refugees’ Jumping The Trump Tariff Ship?

Donald Trump’s world view is one of US superiority, and maintaining that superiority. But clearly, the customers are in Asia. Japan’s Abe and Israel’s Netanyahu have signaled more cooperation with China as both realize that Asia is where it’s at economically. For Abe, Trump is perplexingly pushing Japan into China’s camp: Japanese Prime Minister Shinzo Abe’s […]
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                        Are Refugees Jumping The Trump Tariff Ship

E Are Refugees Jumping The Trump Tariff Ship

Donald Trump’s world view is one of US superiority, and maintaining that superiority. But clearly, the customers are in Asia. Japan’s Abe and Israel’s Netanyahu have signaled more cooperation with China as both realize that Asia is where it’s at economically. For Abe, Trump is perplexingly pushing Japan into China’s camp: Japanese Prime Minister Shinzo Abe’s […]
The Next U.S. Housing Crisis Has Arrived: Existing Home Sales Post Their Biggest Decline In 4 Years

The Next U.S. Housing Crisis Has Arrived: Existing Home Sales Post Their Biggest Decline In 4 Years

Things just continue to get even worse for the U.S. housing industry. New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest decline since 2014. For years, we had been witnessing a real estate boom in the United States, but […]