Category Archive: Finance
Rising Dollar Sends Gold Lower
Gold prices fell $9.66 an ounce on Tuesday as a rally in the U.S. dollar index curbed demand for the yellow metal. Global trade tensions and emerging market concerns were also bearish daily elements for the yellow metal. In economic news, the Institute of Supply Management said its manufacturing index rose to a reading of […]
E Canadian Housing Starts Moderated In July After An Extremely Strong June Level
“Very robust levels of residential construction continue in Canada, with a 27-year high for population growth behind the strength. While Vancouver and Toronto rightfully get much of the attention, many markets have seen construction activity ramp up as a result.” (BMO, Cdn. Building Boom Continues, August 9, 2018) There was a slowdown in housing construction […]
Half A Decade Later, Here We Are Confused Again
These things are processes. They take time, a lot of time. Given that, I keep coming back to what might otherwise seem an absurd idea. The best-case scenario for all of us just might be a global crash, one that would make 2008 blush. At least then it might afford the world the benefit of unambiguousness. We […]
New York Times Forecasts The 2014-16 Energy Sector Collapse
One official says the shale industry may be “set up for failure.” “It is quite likely that many of these companies will go bankrupt,” a senior adviser to the Energy Information Administration administrator predicts. This is from the New York Times. However, it wasn’t part of The Next Financial Crisis Lurks Underground, Bethany McLean’s recent article […]
Simple Is The Key To Trading
Today’s piece is about the power of simple, and simple starts and ends with a razor-sharp focus. One of the most important things you need to do to be successful when short term trading for income or long-term trading for wealth is to have proper focus. What I mean is this… As a day trader, […]
Governments Quickly Changing Their Tune On Blockchain
All Over The World, Governments Are Seeing Enormous Potential In Enterprise Blockchain Applications Go back five years or so and you’d be hard-pressed to find any government endorsing blockchain1 technology, and many were (and still look to be) openly hostile to cryptocurrencies. That posture is now shifting—quickly. An hour-long TV special aired in China last week, […]
Average US Rent Hits All Time High Of $1,412; Biggest Increase In 18 Months
With core CPI printing at a frothy 2.4%, and the Fed’s preferred inflation metric, core PCE finally hitting the Fed’s 2.0% bogey for the first time since 2012, inflation watchers are confused why Jerome Powell’s recent Jackson Hole speech was surprisingly dovish even as inflation threatens to ramp higher in a time of protectionism and […]
Slowing Australia GDP To Keep AUD/USD Rate Under Pressure
TRADING THE NEWS: AUSTRALIA GROSS DOMESTIC PRODUCT (GDP) Australia’s Gross Domestic Product (GDP) report may fuel the recent weakness in AUD/USD as the growth rate is expected to slow to 2.8% from 3.1% during the first three months of 2018. Signs of a less-robust economy may encourage the Reserve Bank of Australia (RBA) to keep the official […]
World Markets Update – Tuesday, Sept. 4
Three of eight indexes on our world watch list have posted gains through Monday, August 27, 2018. The top performer this year is India’s BSE SENSEX with a gain of 12.85%. In second is our own S&P 500 with a gain of 8.34%. In third is France’s CAC 40 with a gain of 0.57%. Coming […]
Capex And Taxes – What The Corporate Sector Is Saying About The Economy
Private US businesses are not building new facilities, or renovating old ones, at a rate that suggests the economy is doing well. Let alone booming. For more than two years now, the aggregate level of Private Non-residential Construction Spending has been flat. According to the Census Bureau in figures released today, construction capex in July […]
