Category Archive: Finance, No picture
USD/CAD Pressing Key Support At 1.2900 Once Again
USD/CAD is dropping sharply today to retest a key short- and long-term support level near 1.2900 – a break below there could expose the next long-term Fibonacci level near 1.2725 in time. Video Length: 00:04:25
Personal Income Rises 0.3%, Inflation Benign
Those looking for an explosion in either income and especially inflation did find what they were seeking in August. The BEA’s Personal Income and Outlays Report for August has the details. Personal income increased $60.3 billion (0.3 percent) in August. Disposable personal income (DPI) increased $51.4 billion (0.3 percent) Personal consumption expenditures (PCE) increased $46.4 billion (0.3 […]
Prospects Of Canada Out Of NAFTA Sends Loonie Lower
Canada is the second biggest trading partner of the United States. Every year, the country exports goods worth more than $500 billion to the US. These goods include automobiles, lumber, and petroleum among others. During the 2016 election, Donald Trump talked passionately about NAFTA and how the deal had devastated the United States. Most importantly, […]
Weekly Technical Perspective On Gold Prices (XAU/USD)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Gold is down nearly 13% from the yearly highs with price trading just above long-term structural support heading into the close of the third quarter. Here are the key targets & invalidation […]
The Numbers In Japan
What is economic growth? This isn’t an easy question to answer. Most people might respond with a reference to GDP. That wouldn’t necessarily be an incorrect one, but it may not be exactly on point, either. GDP was developed in order to try and assess economic growth, and over the years has simply become a […]
Chicago PMI Declines In September
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
Canadian Dollar Enjoys GDP, But Not NAFTA
Fear of excluding Canada from NAFTA and the Fed sent the loonie higher, but GDP helped it recover. Friday’s jobs reports from both countries stand out in the first week of October. The technical picture is mixed for the USD/CAD. This was the week: Is NAFTA slipping away from Canada + Fed hike US President […]
EUR/USD Falls As Italy Drives Euro Risk Aversion Ahead Of Q3 Close
EURO BEARS PERSIST INTO Q3 CLOSE It’s been a busy end to Q3 so far, and perhaps that’s fitting for a quarter that’s been marked by fits and starts of risk aversion around a number of themes. At this stage, we’re seeing fresh fears enter European markets around Italy, and this was the same driver of […]
Tesla Shares Crash After Musk Turns Down Offer To Settle SEC Fraud Suit
Shares of Tesla (TSLA) dropped in morning trading following news that the U.S. Securities and Exchange Commission is suing Chief Executive Officer Elon Musk for fraud. The suit is related to Musk’s August tweet that stated he was “considering taking Tesla private at $420” and already had “funding secured.” The SEC said in its suit […]
