Category Archive: Finance
GBP: Advance Against USD Set To Continue
Talking Points: GBP/USD looks set to challenge the 2017 high at 1.3267 set on August 3 but the Pound could struggle to make ground against the Euro and the Japanese Yen. The Bank of England will likely keep all its monetary policy settings unchanged Thursday. It’s a big week for UK data, with inflation, jobs and earnings all on […]
The Stock And Gold Markets: One’s Looking Good, The Other Not So Good
The Dow Jones’ last all-time high (BEV Zero) was on August 7, and as for much of the past year, the Dow continues refusing to correct more than just a few percentage points, if that. Come this December, it will be two years since the Dow Jones has corrected anywhere near its BEV -7.5% red […]
The Real Euro Watch
Everyone is now a euro watcher. The European common currency’s exchange value against the dollar has been on the rise, to put it mildly. Despite decades of declaring floating currencies the optimal framework, it really is quite entertaining to watch the furor when these things actually float one way or the other. This recent trend […]
Deutsche: “Recession Risk Is The Highest In Ten Years; It’s Time For The Fed To Pause Tightening”
Even before Harvey and Irma were set to punish Texas and Florida, erasing at least 0.4% GDP from Q3 GDP according to BofA and costing hundreds of billions in damages (contrary to the best broken window fallacy, the lost invested capital more than offsets the “flow” benefits from new spending, which is why the US does not […]
Weekly Forex Forecast – Sunday, Sept. 10
EUR/USD The EUR/USD pair rallied during the week, breaking above the 1.20 level. By closing above that level, it’s a very bullish sign and I think that short-term pullbacks will probably be buying opportunities. However, be careful, as we are most certainly overextended. I believe that eventually we go to the 1.25 handle. USD/CAD The […]
The Top Three Arguments Against A Universal Basic Income
Every so often a new study is released, concluding that a universal basic income (UBI) is needed to fix this country’s welfare system. Most recently, the Roosevelt Institute claimed that switching to a UBI system could actually grow the economy by $2.5 trillion by the year 2025. The study is full of hypothetical situations in which Americans […]
Forex Weekly Outlook – Sep. 11-15
The US dollar had a bad week, losing ground across the board with no exception. US inflation and consumer figures stand out in the week before the all-important Fed meeting. Here are the highlights for the upcoming week. The euro was not convinced by Draghi’s concern about the exchange rate and advanced. The pound got a boost from […]
The “Squeeze” In The Gold Miners ETF
Price on the following GDX Monthly chart is currently being squeezed in between major resistance of a 23.6% Fib retracement level and a recent breakout above a long-term downtrend line. We’ll see if it continues to rally — maybe to 30.00 or even 33.00 — but there is a lot of overhead price supply, so that could be quite a long […]
Buy These 3 Dividend Stocks To Hedge Your Bets
The S&P 500 is trading close to its 52-week highs meaning that average shares in the index are trading at lofty valuations. They may have good reason to do so: the jobs data is encouraging, wages are trending higher, consumer confidence is rising and consumer spending appears stable (according to schwab.com). Additionally, oil prices are […]
Dollar Drop Crosses 12%: Can Inflation Turn The Tide Ahead Of The Fed?
Fundamental Forecast for USD: Neutral The U.S. Dollar extended its bearish run this week, as ‘DXY’ moved-down every day, Monday thru Friday. This now accounts for a drop of -12.34% from the DXY high on the second trading day of the year down to this morning’s low. After a doji had shown up on Wednesday […]
