Category Archive: Finance
Don’t Let The Year-End Bearish Action Distract You
Image Source: Pixabay If the year-end bearish action is throwing you off, I have some advice, courtesy of my dad.While my brother and I were growing up, our dad often used analogies, anecdotes, and old sayings to get his point of across when teaching us valuable life lessons. One of my favorites is, “Keep your eyes […]
Durable Goods Orders Tumbled In November, But…
It was the best of times, it was the worst of times…The preliminary headline US durable goods order data for November shows a much worse than expected 1.1% MoM decline (-0.3% exp) which dragged orders down 6.3% YoY on fewer orders for commercial aircraft.Source: BloombergBut, orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a […]
US Stocks Set To Top Asset Class Returns For 2024
Image Source: Pexels American shares are poised for another year of leading global markets by a hefty margin, based on a set of ETFs through Friday’s close (Dec. 20). Echoing results in 2023, US stocks in 2024 will likely take the performance crown with a red-hot gain for a second straight calendar year.With just days left in the […]
Federal Reserve Grinch Tries To Steal Christmas From Stock Market
The S&P 500 (Index: SPX) had a rough week just ahead of the Christmas and New Year holidays.The rough going was courtesy of the grinches at the Federal Reserve, who did their best to steal Christmas from investors by putting the kibosh on the prospects for more than two interest rate cuts in 2025. Since we […]
AUD/USD Consolidates Around 0.6250 As Focus Shifts To RBA Minutes
Image Source: Unsplash AUD/USD trades in a tight range around 0.6250 with RBA minutes taking centre stage. The RBA held its policy rates steady at 4.25% in the policy meeting on December 10. Investors shrug off soft US monthly PCE inflation data for November. The AUD/USD pair trades sideways around 0.6250 at the start of […]
USD/JPY Analysis: Path To 160.00 Peak Is Paved
The USD/JPY pair experienced another week of upward momentum, with gains extending to the resistance level of 157.92, the highest for the currency pair in five months. The week’s trading closed around 156.42 amidst strong bull control over the trend. The increasing strength of the US dollar may push the trend towards the psychological resistance […]
Trump’s Trade Wars Will Fail, Currency Wars Will Be Next
Trump will fail to increase exports with trade wars and tariffs. Currency wars will result.Trade weighted dollar index data from the Fed. Chart by Mish. On a trade-weighted basis, the US dollar is the strongest since the early- to mid-1980s.That’s because the US has the strongest economy in the world and high interest rates to […]
Cash Allocations Send An Ominous Signal
According to Bank of America, institutional fund managers are sitting on record low cash allocations as they increase their equity holdings. Bank of America believes this is a contrarian indicator warning that a decline could be nearing. Moreover, they report that 36% of the fund managers they evaluate are overweight stocks.Per a Bloomberg article on […]
Confidence Dive Hits Czech Industry
Image Source: Pexels Czech consumer and business confidence both weakened in December. Consumers are now less optimistic about the economic outlook and the business mood was further dragged down by industry. Meanwhile, the service sector saw further improvements. Consumer mood remains above the long-term averageThe Czech consumer confidence indicator shed 1.2 points to 100.4 in December, remaining just above […]
Crude Oil Flattens Amid Rather Positive Market Sentiment Ahead Of Christmas
Oil prices trade broadly sideways on Monday, erasing gains from the early Asian session. Markets are pushing equities and commodities higher after the soft PCE inflation release. The US Dollar Index trades flat close to a two-year high. Crude Oil prices consolidate on Monday, with WTI hovering above $69, with some room to the upside as market sentiment improves […]
