Category Archive: Finance
Rail Week Ending Saturday, August 25: Carloads Slowing Primarily Due To Coal
Week 34 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis for carloads, this week it expanded […]
EUR/USD Forecast Sep. 3-7 – Time For A September Stumble?
EUR/USD reached new highs but was unable to sustain them. What’s next? PMI data stands out in the first week of September. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Conflicting headlines about Italy’s willingness to breach euro-zone budget rules somewhat weighed on the euro. The US and […]
Divergent – The Breakdown Of Stock Market Correlations, Temp Or Perm?
Emerging market stocks have stabilized, helped by the strength of US equities Rising emerging market bond yields are beginning to attract investor attention US tariffs and domestic tax cuts support US economic growth US$ strength is dampening US inflation, doing the work of the Federal Reserve To begin delving into the recent out-performance of the […]
No Deal? Loonie Slides After “Secret Insulting Remarks” By Trump, Downbeat Freeland NAFTA Comments
With just hours to go until the Trump-imposed deadline to reach a NAFTA deal between the US and Canada, moments ago Chrystia Freeland poured cold water on hopes of an imminent deal, saying “we are not there yet” on a NAFTA deal. Below are her comments moments ago to the press after speaking to the […]
EUR/JPY Elliott Wave View: Ended 5 Waves Advance
EUR/JPY short-term Elliott wave view suggests that the decline to 124.87 low ended intermediate wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within intermediate wave (3) of a diagonal. In a zigzag ABC structure, lesser degree cycles should show sub-division of 5-3-5 structure i.e […]
ECRI Weekly Leading Index Update – Friday, August 31
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.3, unchanged from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.34%, also unchanged from last week. The WLI Growth indicator is now at -0.2, down from the previous week. “Outsized Gains […]
What $1K Invested In These Stocks Is Worth Today
What a difference a decade can make Let’s say you bought $1,000 worth of shares in seven of America’s best-known companies on August 1st, 2008. This is right before the historic crash of 2008 that led to the great recession. If you’d been brave enough to hold your investments through the crash, the recession, and the eventual recovery, […]
Upside Targets For Gold, Gold Stocks & Silver
After a vicious sell-off, precious metals have stabilized. It’s not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s take a look at the key support and resistance levels for the metals and […]
US Dollar Continues Rebound As EM FX, Trade War Fears Flourish
The US Dollar (via the DXY Index) is gaining for the second day in a row (and its first two-day rally since August 14-15) as risk appetite continues to erode across the globe. Higher yielding currencies, particularly those in emerging markets, have been hit hard, as it appears that concerns from Argentina and Turkey have jumped elsewhere: […]
What Next For The USD/SEK Pair As Swedes Go To An Election?
Sweden is one of the most developed countries in the European Union. The country has a population of 9 million people, a GDP of $511 billion and a GDP per capita of $52,000. In January 2017, the country recorded an annualized GDP growth rate of 1.8%. Since then, this has been growing and is currently […]
