Category Archive: Finance
U.S. Poverty Rate Declined In 2016
While you may not have noticed it in your home state or city, the official poverty rate in the United States has actually managed to recover back to pre-recession levels back in 2016. According to a report from Investopedia, using data from the US Census Bureau, the poverty rate in the United States fell for the second […]
Airbus Takes On Boeing By Striking Deal For Bombardier Ownership Stake
Boeing’s battle to crush Bombardier has encountered an unexpected obstacle. Bloomberg reports that Airbus SE has agreed to acquire a majority stake in Bombardier Inc.’s C Series program, which the Commerce Department slapped with a 300% tariff it ruled in Boeing’s favor in a complaint alleging Bombardier had benefited from anti-competitive government subsidies. Under the terms of […]
Your Stake In The $22 Billion Dollar Cannabis Industry
Is now the right time to invest in the Cannabis Industry? As of this year, cannabis is legal in 29 states plus the District of Columbia, and the number is rising. The Cannabis Stock Index is up 26.4% month-to-date. ~30,000 new cannabis companies have entered the space this year. There is a noticeable trend here […]
USDCAD Daily Analysis – Wednesday, Oct. 18
USDCAD failed to breakout of 1.2598 resistance and stayed in the trading range between 1.2433 and 1.2598. Another fall to test 1.2433 support would likely be seen. A breakdown below this level will indicate that the uptrend from 1.2061 had completed at 1.2598 already, then the following downside movement could bring the price back to […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, Oct. 18
WTI Crude Oil The WTI Crude Oil market initially fell during the day on Tuesday, reaching towards the $51 level. However, buyers came into the market later in the day, to form a hammer. The hammer suggests that we are going to go higher, and I also recognize that we have seen a bit of […]
EUR/USD Challenges Critical 61.8% Fibonacci Support Zone
EUR/USD 4 hour The EUR/USD bounced at the 61.8% Fibonacci level of potential wave B (purple). A break above the resistance trend line (orange) would confirm a bullish breakout within wave C of wave X (pink). A break below the support trend line and 78.6% Fibonacci level makes a bullish ABC less likely and price […]
Implied Correlation And SKEW
We hear a lot about the VIX and how volatility is low, but we rarely hear about the VIX’s siblings: the CBOE SKEW Index and the CBOE Implied Correlation index. This is a shame because they are certainly worth listening and paying attention to. All three are based on options on the S&P500 and its constituents. Looking at the charts, the first […]
Sensex Opens In The Red; Axis Bank Plunges 7% On Weak Q2 Results
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.3% while the Hang Seng is up 0.1%. The Shanghai Composite is trading up by 0.2%. US markets inched to record closing highs in spite of a weak showing from financial stocks. Meanwhile, Indian share markets have opened the day in the red. BSE […]
Draghi Does Not Lift The Euro
One week ahead of the all-important ECB meeting, President Mario Draghi delivers opening remarks at the ECB conference in Frankfurt. EUR/USD was trading in a narrow range of only 33 pips ahead of the speech, and it seems he is unable to move the needle in the world’s most popular currency pair. Draghi’s opening remarks […]
Market Drama Hits A Fever Pitch As Trump Narrows Fed Chair Shortlist
As you might expect from a reality TV show host, President Trump’s long selection process to identify the next Fed chair has increased the drama to record levels. Yesterday’s headlines suggested Stanford University economist John Taylor made a favorable impression on the President last week. The creator of the famed “Taylor Rule” for formulaically determining […]
