Category Archive: Finance, No picture
AUD/USD Daily Analysis – Wednesday, Sept. 26
AUD/USD remains in the uptrend from 0.7085, the pullback from 0.7303 is likely consolidation for the uptrend. Near term support is at 0.7236, followed by 0.7200, as long as these levels hold, the upside movement could be expected to resume and a break of 0.7303 resistance could take the price to 0.7350 area. On the […]
Opportunities In Uranium, Cannabis, And Gold
Sean Brodrick, Natural Resource Analyst at Weiss Group joins me to outline three sectors that he is recommending to readers. These groups are cannabis, uranium and gold. We break down the main factors that have his attention and a couple companies he likes in each. (Audio length 00:14:20)
How Donald Trump Has Betrayed The Working Class
(Video length 00:03:16) Start with his new tax law–one of the very few laws he actually got through the Republican Congress. Trump said it would likely […]
Strong PNW Yields And Lower US Wheat Exports Jump Stocks
Market Analysis In the past, the USDA’s Small Grains report at the end of September has been a non-event. Very limited changes in US barley, oats and total wheat crops have been the rule over the years. Yet, possible changes within the various varieties of winter wheat and adjustments between spring and durum outputs may […]
3 Retail Stocks To Buy As Consumer Confidence Nears 18-Year High
Consumer confidence surged once again to help set up what could be another strong quarterly performance from the retail sector. With September’s Consumer Confidence Index closing in on an 18-year high, let’s look at three retail stocks that might be worth buying at the moment. Consumer Confidence The retail industry shined last quarter on the […]
Is The Recent Downtrend In The Dollar Foretelling A Bigger Picture Theme?
Doc is with me today to look at the USD. With a short-term breakdown in the dollar, we also look at the longer-term charts. Doc remains in the bearish camp but is not expecting a waterfall decline. We also discuss the potential of other countries to move away from the dollar for a number of […]
Nike Tumbles After Missing On Gross Margins; China, Latin America Sales
Moments ago Nike reported Q1 earnings which beat on the top and bottom line, with EPS of 67c beating the estimate of 63c (with a 14% tax rate), on revenue of $9.95BN, also just above the $9.94BN, if not quite above the high end of the forecast range which stretched to $10.20BN. This is for […]
FHFA & Case-Shiller Home Price Indices: What’s The Difference?
Two home price indices were released today: S&P CoreLogic Case-Shiller and FHFA House Price Index (sometimes referred to as HPI). These indicators both measure moves in home prices, but subtle differences in the methodologies with which each are calculated can result in variations between the two. Both indices track the value of homes across the US using a repeat […]
EU Rebukes Trump, Will Create “Special Vehicle” To Bypass US Sanctions On Iran
The stage is set for a major confrontation between the US and EU over Trump’s sanctions on Iran. The Wall Street Journal reports Europe Plans ‘Special Vehicle’ to Maintain Companies’ Ties to Iran, Avoid U.S. Sanctions. The European Union said late Monday that it would establish a special payment channel to allow European and other companies […]
Home Price Gains Slow In July
With today’s release of the July S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.10% month over month. The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.7% for the last two-plus years. Today’s S&P/Case-Shiller National Home Price Index (nominal) reached another […]
