Category Archive: Finance
Moral Outrage Over Low Wages: Canada Joins Trump With Threats Of Walking Out On NAFTA
The threat of total abandonment of NAFTA took on a second front today as Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labor standards. Please consider Sharp Differences Over Labor Surface at NAFTA Talks in Mexico. Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts […]
Gold Pops, Stocks Drop As Futures Open After Korean Chaos
In an echo of last week’s move following North Korea’s testing of missiles across Japan’s territory, futures markets are opening in a decidedly risk-off manner following North Korea’s “hydrogen bomb” test. Dow Futs down 100 points, Gold jumping and Treasury bonds bid… All major US equity indices are down… Gold is back above $1340… USDJPY broke […]
Gold Prices Rise To 11-Month High On North Korea Nuclear Test
Gold prices struggled to make hay of disappointing US labor-market statistics Friday, echoing the impressive resilience of the US Dollar following the outcome. Geopolitical jitters have pushed the metal an 11-month high however after North Korea conducted another nuclear weapon test. That sent capital fleeting to the safety of government bonds and pushed down yields, boosting the appeal of […]
WTI Crude Oil And Natural Gas Forecast – Monday, Sept. 4
WTI Crude Oil The WTI Crude Oil market initially fell during the day on Friday but turned around to form a hammer. This is a very bullish sign, and I would also point out that the weekly candle is a hammer. That tells me that there is plenty of buying pressure underneath, and I think […]
Safe Havens Rise On North Korea Tensions
South Korea announced on Monday that it was planning new military drills in conjunction with the United States and increasing its ballistic missile defenses after North Korea executed its sixth nuclear test on Sunday. North Korea explained the test as an advanced hydrogen bomb for a long-range missile. The United Nations will be meeting later […]
USDCAD Daily Analysis – Monday, Sept. 4
USDCAD broke below 1.2413 support and reached as low as 1.2339. Further decline could be expected in the coming days, and next target would be at 1.2050 area. Near-term resistance is at 1.2500, only break above this level could trigger another rise to test 1.2778 key resistance.
‘Good Luck, We’re All Counting On You’: Full Week Preview
To be sure, whatever you thought was going to dominate the news flow in the week ahead is probably going to take a backseat to North Korea, for obvious reasons. Pyongyang’s latest nuclear test means all eyes will be on Donald Trump’s Twitter feed and all ears will be perked up for any further statements […]
FX Week Ahead: RBA, BoC And ECB Meetings. GDP Reports
The week ahead will be a busy one with three central bank meetings lined up. The RBA starts off the week with its monetary policy meeting, followed by the Bank of Canada and eventually handing over the spotlight to the ECB. On the economic front, important GDP numbers are expected out of Australia and Japan. […]
Dividend Growth Portfolio August 2017 Performance And Outlook
August was an unusual month. We had escalating nuclear tensions with North Korea, and a storm – Hurricane Harvey – that will likely go down in history as the costliest natural disaster in U.S. history once the damages are tallied. Yet perhaps shockingly, the stock market remained surprisingly quiet. Volatility ticked up modestly from its […]
Sensex Trades Marginally Lower, Telecom Stocks Witness Losses
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the telecom sector and realty sector witnessing maximum selling pressure. Energy stocks are trading in the green. The BSE Sensex is trading down 100 points (down 0.3%) and the NSE Nifty is trading down by 30 points (down 0.3%). The BSE Mid Cap index is trading flat, while […]
