Category Archive: Finance
USDJPY Tumbles To 5-Month Lows After Dismal US Data
More indications that the US economy is not doing anything like as well as the soft survey data would suggest has sparked a fresh round of selling in USDJPY. The data sent the Yen to its strongest level since just after the Trump election. This is the biggest weekly drop for USDJPY since July 2016.
China Starting To Resemble Bernie Madoff
Audible.com just released a new show on Bernie Madoff that explains how the world’s biggest financial scam was enabled by banks and hedge funds who were making so much money that they chose to ignore obvious red flags. Which sounds a lot like today’s China. Here, for instance, is a sequence of events involving China Huishan […]
Gold-Stock-Bull Upside Targets
The get-no-respect gold-stock sector is in a strong young bull market. Past gold-stock bulls have grown to utterly-massive proportions before giving up their ghosts, greatly multiplying the wealth of contrarian investors and speculators. Today’s gold-stock bull is very likely to grow vastly larger before fully running its course. Fundamental gold-stock-bull upside targets reveal the lion’s […]
US Dollar May Rise Trump Jawboning, Geopolitical Fears Recede
Fundamental Forecast for the US Dollar: Neutral US Dollar sinks as risk aversion cools Fed rate hike bets Trump jawboning unlikely to have a lasting FX market impact Geopolitical fears may give way to signs of accommodation The US Dollar snapped a two-week winning streak as geopolitical tensions and jawboning from the White House made for toxic […]
Profit From Canada’s Growth Story With These 4 Top-Ranked Stocks
In a widely expected move, the Bank of Canada kept its benchmark rate unchanged on Wednesday, saying that it was yet to receive evidence that the economy would stick its current growth path. The central bank said that it was refraining from raising rates given the level of uncertainty which was clouding its outlook for […]
How The Dollar Affects The Stock Market
Written by Ben Carlson (awealthofcommonsense.com) When the dollar is strong, U.S. stocks tend to outperform international equities and, when the dollar is weak, international stocks tend to outperform. (This is all from the perspective of a U.S.-based investor. These relationships would be reversed for a foreign investor in U.S. stocks.) Let’s take a look at […]
Are Sellers Just Warming Up?
On Thursday traders made it clear that they did not want to be long going into a three day weekend. Stocks sold off sending the S&P to the lowest level since March 27th. The small cap stocks continue to get hit the hardest as the Russell has now fallen into negative territory year to date. […]
US Retail Sales And Inflation Disappoint And Drop – USD/JPY Follows
Top-tier US data was released on Good Friday. The data came out below expectations, but the dollar is only reacting in the most obvious place: USD/JPY. Dollar/yen often best reflects American indicators. Will other currency pairs react later on? US CPI dropped 0.3% month over month, worse than 0% expected. Core CPI is also down 0.1% […]
This Is OPEC’s “Target” Price For Oil
As you might have noticed, oil prices got a bump over the past 8 days from two things: 1) war, and 2) a headline out of Saudi Arabia that suggested Riyadh backs the extension of production cuts. Of course we also got the weekly API vs. EIA headline hockey which this week saw the DOE draw (2.16m bbl, so a bigger […]
Miners, Miners, Miners
Weakness seems to be setting in once again with miners & precious metals about the only exception. That said, we may well rip higher Monday. Dips have been bought, but the world is in a tumultuous place going into this long weekend so who knows. All I know is gold is strong and jitters are felt […]
