Category Archive: Finance
August Jobs Report: 156K New Jobs Added, Disappoints Forecast
This morning’s employment report for August showed a 156K increase in total nonfarm payrolls, which was worse than forecasts. The unemployment rate ticked up to 4.4%. The Investing.com consensus was for 180K new jobs and the unemployment rate to remain at 4.3%. June and July nonfarm payrolls were revised for a total loss of 41K. Here is […]
Wavering Wavers
After yesterday’s RBOB gasoline futures expiration blow out, the Trump Administration is pulling out all the stops to try to reduce shortages of gasoline and try to calm down soaring prices. Driven by massive refinery outages and fears of deliverable supply, gas was on high octane. The September RBOB gasoline futures surged at one point […]
Friday, September 1 – Lookback
Event: US Home Prices Date: Tuesday 29 August 2017 at 13:00 GMT Markets affected: EUR/USD, USD/JPY Trending hashtags: #usd, #homes Standard & Poor’s Case-Schiller Home Prices index for June showed steady increase confirming how an improved jobs market driving demand combined with reduced supply of homes is having an effect on costs. Home Prices came […]
Non-Farm Payrolls 156K For August 2017; Wages +2.5% Y/y — USD Slides
Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts. The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headlines growth in jobs. […]
Chart Of The Day – EnviroStar
The Chart of the Day belongs to EnviroStar (EVI). I found the laundry equipment stock by using Barchart to sort today’s All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled another buy on 8/14 the stock gained 12.07%. This stock is a momentum play only […]
Precious Metals Outperform Markets In August – Gold +4%, Silver +5%
– All four precious metals outperform markets in August– Gold posts best month since January, up nearly 4%– Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand – S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month– Platinum is best performing metal climbing over 5%– Palladium climbs over 4% […]
Expected Dividend Increases In September 2017
It is time for the most exciting dividend month of the quarter! There is nothing more exciting than seeing the calendar turn and realizing that it is the month that most companies pay their dividend. This is where you really see the fruits of your investing labor and the power of dividend investing flex its muscle. […]
Trader: “Markets Have A Slightly Feverish, Twilight-Of-The-Bull-Run Feel”
With both the S&P and global stocks once again inching back to all time highs, here are some gloomier observations from Bloomberg’s EM commentatory Garfield Reynolds, who has covered and traded FX, bonds and commodities over two decades. Down Under Doldrums Challenge Global Growth Hopes: Macro View The latest burst of chatter that global growth […]
NZD/USD Broke Below 0.7200 Support
NZD/USD recently broke below a major support level at 0.7200, indicating that the uptrend from 0.6817 had completed at 0.7557 already. The pair is now in downtrend, further decline would likely be seen after correction. NZD/USD Daily Chart On the downside There is a bearish trend line on the 4-hour chart with resistance now at […]
