Category Archive: Finance
When Mainstream Economics Was Wrong, Mark Thornton Was Right
In the wake of the financial crisis of 2008, the economics profession suffered a blow to what reputation it had. But unlike most of his colleagues, Mark Thornton was vindicated by 2008. Mark has been a voice of sanity at times when the wild interventions of the Federal Reserve have caused otherwise sensible people to […]
Chart: Economic Noise Index
Regular readers will be familiar with the “Economic Noise Index”, which combines the signal from the economic policy uncertainty index and the economic surprise index to display positive vs negative economic noise. Both signals are standardized using a z-score. Anyway, reason I highlight it is the indicator has rolled over and stayed soft vs the market […]
USD/JPY Path Of Least Is Resistance Is Down
The Turkish crisis is spreading and causing a risk-off sentiment all over the world. The Japanese yen enjoys the safe-haven flows and rises, sending the USD/JPY tumbling down. What’s next? The Technical Confluences Indicator shows that the first step to recovery is overcoming 110.40, which is the convergence of the Bolinger Band one-day Lower, the Pivot Point one-month Support […]
GBP/USD Breakout Accelerates Bearish Momentum
GBP/USD 4 hour Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave The GBP/USD broke the support line (dotted blue) of the downtrend channel. The bearish breakout is behaving very impulsively, which indicates that the swing is a potential wave 3 (green). A bearish break could extend the 3rd wave towards the Fibonacci targets of wave 3 vs […]
Crude Oil Prices Rise Despite Market Turmoil, Gold Stuck In Place
Crude oil prices turned higher Friday after the IEA upgraded demand forecasts for 2018 and 2019 while saying that supply fears have abated. This is after the OPEC-led group of top producers scaled back coordinated output cuts. Traders seemed to interpret the news to mean that pressure to step up shipments further has receded. Meanwhile, gold prices remained stuck in […]
AUDUSD Daily Analysis – Monday, August 13
AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could bring the price back to 0.7360 area.
Sensex Opens 240 Points Lower; Metal & PSU Stocks Drag
Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.7% while the Hang Seng is down 1.8%. The Nikkei 225 is trading down by 1.6%. US stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets. Back home, India […]
S&P 500 And Nasdaq 100 Forecast – Monday, August 13
S&P 500 The S&P 500 has dropped hard during the trading session on Friday, as concern about the Turkish lira falling over 11% has rocked the markets. The US dollar got far too strong, and now there are concerns about contagion with the EU and its banks when it comes to Turkish debt. With that […]
Revenue Growth Drives Shareholder Returns
The market works in long term cycles even though it seems like changes occur often. There will always be news which drives short term action, but in the long run there are strategies which last for years or even decades. In the past 11 years, growth stocks have outperformed value stocks. It’s easy to ignore […]
Samsung Galaxy Note 9 Review
I’ve had Samsung’s (SSNLF) Galaxy Note 9 for a few days and I can say without hesitation that this is an awesome device. It’s aesthetically beautiful, it’s fast, it’s powerful, and it’s packed with small improvements that combine to make the Note 9 a best-in-class Android handheld. General Impressions I really like the Note 9. […]
