Category Archive: Finance, No picture
October Producer Price Index: Core Final Demand Up 0.5% MoM
Today’s release of the October Producer Price Index (PPI) for Final Demand came in at 0.6% month-over-month seasonally adjusted, up from last month’s 0.2%. It is at 2.9% year-over-year, up from 2.6% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.5% MoM, up from 0.2% the […]
Global GDP Still Propped Up By A Massive Amount Of Debt
While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. Or should I say, the “supposed growth.” The days of adding one dollar of debt to get one dollar of GDP growth have been long gone for more than 40 […]
One Direction More Likely For Bitcoin
The recent period of sideways trading may make traders impatient or even discouraged altogether. At any rate, those who crave more action in Bitcoin could be driven out of the market. But this is no time to bet on Bitcoin staying docile. If the recent months haven’t exactly been rosy for Bitcoin traders, there are […]
Saudi Arabia Is Evaluating A Break Up Of OPEC
In potentially groundbreaking news – which failed to generate a market response as it hit at the same time as the FOMC statement – Saudi Arabia’s top government-funded think tank is said to be studying the possible effects on oil markets of a breakup of OPEC, a research effort which the WSJ called “remarkable” for a country […]
Electric Vehicle And Battery Metal News
Video Length: 00:15:37 We are witnessing a generational shift towards the electrification of energy. The growth in the development of electric vehicle(EV) market is astounding. Billions in investments are pouring in to drive research and development in EV batteries, superchargers and new EV models. Here are the latest developments in the electric vehicle and battery […]
USDCAD Daily Analysis – Friday, Nov. 9
USDCAD broke above 1.3169 resistance, suggesting that the uptrend from 1.2782 has resumed. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3048, only a breakdown below this level could signal completion of the uptrend.
EUR/USD: It’s Down, And Down To Monetary Policy Divergence
The EUR/USD is falling, extending its losses after the Fed decision. Italy, Brexit, and some US figures are set to determine the mood. The technical picture is becoming more bearish for the pair. The EUR/USD is trading in the lower half of the 1.1300s. The US Mid-Term Elections are in the rearview mirror, and monetary policy divergence […]
Stocks Exit Extremely Oversold Territory
Stocks Exit – Biggest Post Election Rally Since 1982 The stock market rallied sharply after the midterm elections. Dems won the House and the GOP held the Senate. S&P 500 usually rallies 0.7% after the midterms. Instead, it rallied 2.12%. This is the biggest increase since 1982 when it increased 3.9%. It’s good to get […]
