Category Archive: Finance, No picture
USD/CAD Outlook Mired With Mixed Signals Ahead Of Canada CPI
USD/CAD holds a narrow range going into the end of the week, but updates to Canada’s Consumer Price Index (CPI) may fuel the recent rebound in the exchange rate as the headline reading for inflation is expected to hold steady at 2.5% per annum in July. USD/CAD OUTLOOK MIRED WITH MIXED SIGNALS AHEAD OF CANADA CPI […]
Week In Review: Shanghai ChemPartner, A China CRO/CMO, Completes Reverse Merger
Shanghai ChemPartner, a CRO/CMO, closed its reverse merger with Quantum Hi-Tech China Biological (SZE: 300149) for a combination of cash and stock (see story). ChemPartner said it will have easier access to additional capital as a listed entity. Quantum makes probiotics for packaged foods, and its operations will remain separate from ChemPartner’s. The merger was first […]
Greenback’s Momentum Stalls
A week ago we were concerned that the dollar’s surge had left it over-extended from a technical perspective and most of the major pairs, but the yen and Canadian dollar were outside their Bollinger Bands. We cautioned against chasing it, but the dollar’s surge continued. It peaked in the middle of the week and stalled. We […]
Large Specs Net Short Gold First Time Since 2001: Buckle Up!
Large specs are net short gold but commercials are still slightly short because small specs are long enough. Futures Only Gold Futures Positioning Net Spec Short Position For those gold watchers such as myself, the net spec position in gold for the week ended Tuesday went NET short for the 1st time since December 2001 […]
Fidelity Favorites For Safe Returns
Even the casual observer of bond funds knows that 2018 has so far been tough on the wallet. On several occasions, the yield on the bellwether 10-year Treasury has briefly breached 3%. However, the yield curve has been flattening because the Fed has been busy raising short-term interest rates. It’s already done so twice this […]
NXP Semiconductors Still Rules The Chip Throne
Dutch global chip giant NXP Semiconductors (Nasdaq: NXPI) was hit with a breakup last month: a highly anticipated deal to buy U.S. chip giant Qualcomm (Nasdaq: QCOM). No green light from China meant NXPI would be buying back $5 billion worth of shares. QCOM meanwhile will fork over $2 billion for the cost of the breakup. Shares […]
Great News For Gold Bugs: Gold AND Silver Futures Speculators Are Now Net Short
Google “yield curve inversion” and you’ll see that analysts have been waiting for this indicator to send its big signal for years. It’s getting close, so expect a flood of breathless/ominous headlines when it finally happens. The precious metals market has a similarly rare and portentous indicator: “net short speculators”. But today this one actually […]
Abolish Quarterly Reporting? What A Bad Idea
A bad idea made the rounds on Friday and it emanated from the source of all bad ideas: Donald Trump’s Twitter feed. “In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S.”, Trump tweeted at 7:30 in the morning, describing […]
Understanding Crypto Market Psychology And Buying Low
Long-term readers know I’m cautious about calling a crypto market bottom. The market is still up big from one year ago, and these things tend to overshoot up and down. But… I’m starting to see signs of “capitulation.” Capitulation occurs when the last big batch of “fence sitters” finally surrender and sell. Markets are ultimately […]
