Category Archive: Finance
E The Fed’s 2% Inflation Target
Within the Federal Reserve sometime in 1996, a discussion took place among FOMC (Federal Open Market Committee) members regarding the subject of inflation targeting. Federal Reserve District Governor (San Francisco) Janet Yellen believed that a little inflation “greases the wheels” of the labor market. Her preferred “target” was 2%. She asked Chairman (at the time) […]
Top And Flop ETFs Of August: Metals Gain, Crops Crash
The broader market was cast down by a host of geopolitical and political concerns in August. Though the month ended with the release of upbeat Q2 GDP growth data, the awful Hurricane Harvey, tensions with North Korea, Trump’s warnings of a Government shutdown, overvaluation concerns and some downbeat economic releases snapped the solid momentum of the broader […]
GBP/USD Forecast: September 2017
The British pound has been very volatile over the last several weeks, and as we roll into September we should see a significant amount of volume jump into the marketplace. I think that we will more than likely see a significant amount of choppiness, and I don’t expect some type of massive move in the […]
USDCAD Weekly Analysis – September 3, 2017
USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. A further decline could be expected in a couple of weeks and the next target would be at 1.2050. Key resistance is at 1.2778, only a break above this level could signal completion of the downtrend.
ICOs: What You Need To Know
Floyd “Money” Mayweather made headlines last weekend for making light work of Mixed Martial Arts superstar Conor McGregor. But he also made tech headlines recently by endorsing the Hubii Network, an initial coin offering (ICO), on his Instagram and Twitter accounts. This isn’t the first time Mayweather (who’s dubbed himself Floyd “Crypto” Mayweather) has endorsed an […]
Weighing The Week Ahead: Time To Ask What Could Go Wrong?
We have a very light data calendar. It is a short week with some post-vacation (ahem) attitude adjustment. There is little fresh news, but plenty of data from last week. FedSpeak is on high. It is a perfect setup for pundit pontification. Expect lots of navel gazing, with an emphasis on flaws. Many will be […]
Gold: Mega Breakout In Play
Gold had a very strong week. Because of that it is now in the process of breaking out. If this rally continues it will mark the end of the 6-year bull market. The U.S. dollar falling to multi-year lows definitely helped gold’s strong bounce from $1200 to the current $1330 level. Although this feels like a huge […]
Hedge Fund CIO: “Want To Make A Grown Nerd Cry? Run A 500% Rate Increase Through His Risk Model”
August is over, which means that Eric Peters, the CIO of One River Asset Management, is back to doing what he is so very good at: distilling the week’s events and latest financial and economic trends into pithy, one-paragraph aphorisms. Without further ado, here is an anecdotal excerpt from his latest weekend notes. Scary Movie […]
EURUSD Loses Upside Steam, Targets Further Weakness
With the EURUSDpair rejecting higher to close lower the past week, more decline is envisaged. Resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1.2050 level. Conversely, support lies […]
Gold Superb Through The Year’s Second Third
For the fervent follower of Gold, to say it’s been “superb” year-to-date may seem at first blush an excessively exaggerated stretch, given the above panel’s showing us that price is but one point above where it was this time a year ago — and to just be in sync with currency debasement — ought […]
