Category Archive: Finance
Dallas Fed Manufacturing Outlook: Continued Expansion In August
This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for August. The latest general business activity index came in at 17.0, up from 16.8 in July. Here is an excerpt from the latest report: Texas factory activity continued to increase in August, according to business executives responding to the Texas Manufacturing Outlook Survey. The production […]
USD/JPY Pressured On North Korea Missile Firing Over Japan
North Korea did it again: the rogue nation fired a missile over Japan’s northern island Hokkaido. While the projectile did not hit Japan’s territory, it certainly scared Japan, South Korea and also the US. Japanese citizens were asked to alerted to take cover. And in currency markets, the safe-haven response outweighs the danger to Japan. […]
Interest Rates And Gremlins
Everyone is familiar with the term “interest rate”, but most people don’t understand what the term means. Unless you understand what the term means, you won’t fully understand why the central bank’s ‘management’ of interest rates damages the economy. To understand what the interest rate is, it helps to understand what it isn’t. It isn’t […]
Earn Profits And Yields From This Megatrend
I’m a long-term investor. Like Warren Buffett, I’d love to hold a stock forever. Even if that’s not likely, I do expect to keep a stock in my portfolio for five years minimum – preferably 10. So not only do I look for great businesses, but I want to be invested in sectors with strong […]
Regional Fed Manufacturing Overview: August Update
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
EUR/USD Approaches New Bounce Or Break Spot At 1.20 Target
EUR/USD 4 hour The EUR/USD bullish breakout reached the first target at the round level of 1.20 (red line). Price is at a decision zone now (bounce or break spot) and could make a larger correction at the 1.20 resistance zone such as a wave 4 (blue). A bullish break above 1.20 could signal a […]
EUR/USD At The Verge Of 1.20 – To 1.2353 Or Down?
EUR/USD is trading at 1.1975, after having reached a high of 1.1985. The move is basically around the corner. What’s next afterward? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: A Break Of 1.20 To Target 1.2353; GBP/USD: Fade Rallies Into 1.30 – TD TD FX Strategy Research argues that a break […]
Gold Prices Rise As Hurricane Harvey, North Korea Upset Markets
Gold prices rose as risk appetite soured, sending capital fleeing for the safety of Treasury bonds and pushing yields downward. The downbeat mood echoed in Fed rate hike bets, flattening the projected policy bath and sending the US Dollar lower. Taken together, it seems hardly surprising that this amounted to a supportive environment for anti-fiat and non-interest-bearing assets. […]
GLD… Break Out Day
Below is a short term daily chart for GLD which shows it breaking out above the top rail of the blue expanding triangle today. The longer term 2-year daily chart shows GLD breaking out and backtesting the top rail of the triangle consolidation pattern. It looks like all the work is now finished with the […]
What? No EURUSD Parity Now?
I miss the days at 1.04-1.05 when EVERYONE was screaming parity and 0.90 for the EURUSD. It seems so far in the past right now with just a few pips away from 1.20. Now that everyone is bullish again, I say it is time to tighten our stops and be cautious. The EURUSD has been […]
