Category Archive: Finance
Canadian GDP Rises 0.3% M/M – USD/CAD Plunges
The Canadian economy is doing well, and we just got another reminder. Month over month, the economy grew by 0.3%, better than 0.1% expected for the month of June. As this concludes the second quarter, we also received details for the full quarter. As this concludes the second quarter, we also received details for the […]
Nightmare Energy Report
A shut down of the Colonial Pipeline in addition to the Explorer Pipeline and an explosion at a chemical plant is adding to the heartbreaking human suffering that is being experienced along our nation’s Gulf Coast. There are reports overnight of two explosions at Arkema chemical plant in Crosby, Texas, that was caused by the […]
August 2017 Job Cuts Increase
from Challenger Gray and Christmas U.S.-based employers announced plans to cut payrolls by 33,825 in August, a 19.4 percent increase from the 28,307 recorded cuts announced in July. The August job-cut total is 5 percent higher than the same month last year, when 32,188 cuts were recorded. This month’s total marks the first increase in […]
Suspension Of Disbelief – Only In The Other Direction
For years, DM central banks have been forced to kind of suspend disbelief with regard to inflation and other incoming econ data in order to persist in the fantasy that printing trillions in fiat scrip was good for something other than inflating bubbles in financial assets. I’m sure it wasn’t lost on them (well, it […]
Is AAPL Overvalued? Top Analysts Reveal Bold Iphone 8 Predictions
Is Apple (NASDAQ:AAPL) looking overvalued right now? The $1 trillion mark is drawing increasingly closer as AAPL trades at record highs of over $163. The stock is building momentum ahead of the launch of the much-hyped iPhone 8 model. The Wall Street Journal has now reported that the date of the launch has been scheduled for September […]
Gasoline Prices Surge After Colonial Pipeline Shutdown, East Coast Fuel Shortages Loom
Gasoline prices have exploded higher once again this morning – topping the Maginot Line of $2.00 for the first time since July 2015 – following reports that the main conduit for fuel from the Gulf to the East Coast has been shut due to Hurricane Harvey. Motor fuel prices climbed as much as 6.6 percent in New […]
New Record Highs Ahead Or Just Bounce? S&P 500 Above 2,450 Mark
Briefly: Intraday trade: The S&P 500 index may slightly extend its short-term advance today. However, we can see some technical overbought conditions that may lead to a downward correction. Therefore, we prefer to be out of the market again, avoiding low risk/reward ratio trades. Our intraday outlook remains neutral, and our short-term outlook is bearish, […]
GBP/JPY Elliott Wave View: Ending Correction
GBP/JPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently unfolding as a double three Elliott Wave Structure. Minute wave ((w)) of X ended at 141.47, Minute wave ((x)) of X ended at 139.98, and Minute wave ((y)) of X is subdivided into a […]
Morning Call For Thursday, August 31
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.21%) this morning are up +0.24% at a 2-week high on signs of strength in the global economy after the China Aug manufacturing PMI unexpectedly strengthened. European stocks are up +0.73%, led by strength in mining stocks, as optimism in the global economic outlook lifts the price of […]
Gold Heads For Best Month Since February Despite Flash Crashes And ‘Uninformed’ El-Erian
Ok, so this is worth noting as we head into September. Gold is on pace for its best monthly gain since February as investors have sought safety amid escalating tensions on the Korean peninsula and as the political situation in the U.S. continues to deteriorate, raising the specter of a shutdown or a technical U.S. […]
