Category Archive: Finance, No picture
US Jobs Report Shows Dollar To Outperform Further
Policy divergence will continue to support the dollar, sell EUR/USD? Fed is likely to continue the hiking pace even as stocks are selling off US workers enjoyed the biggest leap in pay since 2009 as job gains topped forecasts and the unemployment rate held at a 48-year low, a boost for President Donald Trump ahead of this […]
USD/CAD Weekly Analysis – Sunday, Nov. 4
USD/CAD stays above a rising trend line on its daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and the next target would be at the 1.3300 area. Only a breakdown below the trend line support could bring the […]
Forex Weekly Outlook Nov. 5-9 – Trump’s Trade Turnaround Weighs On The USD, Elections Eyed
The US dollar had a turbulent week amid the jobs report, movements in stocks, and as a trade deal between the US and China seems real. The US Mid-Term Elections stand out in a busy week that also includes a Fed decision and quite a few top-tier figures. Here the highlights for the next week. […]
Crude Oil Sell-Off Puts Former Best Asset Within Whisper Of Bear Market
Fundamental Forecast for : Neutral FUNDAMENTAL CRUDE OIL PRICE TALKING POINTS: The ONE Thing: Multiple factors of institutional positions, falling front-month futures premium (chart below,) and building supply gluts have fundamentally shifted the outlook of the oil market toward 2018’s end. A key factor of crude is seen in calendar spreads between December 2018- December 2019 futures contract […]
What Is Wrong With The MLP Model?
Master limited partnerships emerged as a popular investment vehicle over the past decade. Here’s why investors have soured on the sector. The first master limited partnership (MLP) was formed by Apache Oil Company in 1981. In 1987 Congress legislated the rules for publicly traded partnerships in Internal Revenue Code Section 7704. MLPs slowly gained in […]
Fake News Reports The Bull Market Isn’t Over
CNN Money reports the good news that the bull market isn’t over just yet: “Dow soars 432 points. The bull market’s not over yet.” So says Fake News CNN. However, personally I’m still thinking the advance that began in March 2009, ten years ago is getting pretty long in the tooth. Take this news from General […]
GBP: Sterling’s Rally May Have More Room – All Things Being Equal
by Nick Cawley , Analyst Fundamental Forecast for GBP: Neutral STERLING (GBP) TALKING POINTS: Positive Brexit ‘talk’ boosts Sterling sentiment. Provisional Q3 GDP data may underpin GDP. We remain neutral on Sterling going into next week but acknowledge that GBP may push higher if the current, mildly positive Brexit background remains in place.The oversold nature of GBP meant that a couple […]
Weekly Economic And Political Timeline – Sunday, Nov. 4
This week is likely to see a similar level of activity to last week, with central bank input due for the U.S., Australian, and New Zealand Dollars. There will also be key data regarding the British Pound. The market is likely to be most active on Thursday and Friday. U.S. Dollar It will be an important week for […]
Gold Completes Another Nowhere Week
Gold’s last three weekly settles have respectively been: 1230, 1236, and now Friday at 1235. Moreover, Gold has settled in the 1230’s for eight of the last 11 trading days. “BUT“… Come Tuesday’s stateside election results during which the late-night financial world shall be fixated upon Gold and the S&P futures wildly reacting into Wednesday’s […]
USD/JPY Weekly Analysis – Sunday, Nov. 3
USD/JPY failed to break below the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63 and another rise towards 115.50 resistance would likely be seen. Only a breakdown below the channel support would confirm that the upside movement had completed at 114.54 […]
