Category Archive: Finance, No picture
One Year Look-Ahead Expectations: Household Income, Inflation, Spending
Every month, the NY Fed conducts a survey of consumer expectations. The top chart is from the Fed, I created the others. Please consider the New York Fed Survey of Consumer Expectations for September 2018. In the September survey, one-year- and three-year-ahead inflation expectations held at 3.0 percent. Respondents’ expectations at both horizons have been virtually unchanged […]
US Markets Bouncing And USD Further Breaking Out
Chris Temple joins me to outline the upward moves in US equities and the continued breakout in the USD. Although the US markets continue to seem a bit confused the last couple days are giving the markets a little room from a further breakdown. On the other hand the USD continues to move higher and […]
Chicago PMI Declines In Again In October
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 […]
Beware The GBP/USD Rebound Amid Surge In Retail Long-Interest
The decline in GBP/USD appears to have stalled ahead of the 2018-low (1.2662) amid signs of an imminent Brexit deal, with the British Pound outperforming against its major counterparts ahead of the Bank of England (BoE) interest rate decision, but the ongoing shift in retail sentiment undermines the recent rebound in the exchange rate as the pickup […]
China Now Japan; China And Japan
Trade war stuff didn’t really hit the tape until several months into 2018. There were some noises about it back in January, but there was also a prominent liquidation in global markets in the same month. If the world’s economy hit a wall in that particular month, which is the more likely candidate for blame? […]
GBP/USD Bursts Higher On Brexit Breakthrough, BOE On Tap
Sterling bulls were dealt a big Halloween treat around today’s European close, when UK Brexit Secretary Dominic Raab noted that he expects an agreement on Brexit to be finalized on November 21. Earlier today, Raab noted that negotiators weren’t far from a deal and that the end was firmly in sight, but it was his […]
A Great Buying Opportunity For Southwest Airlines
When an investment opportunity presents itself, do you take action? Or are you one of the people who sit back and question things over and over again? If you are in the second group, by the time you finished going back and forth on this question, chances are you will miss the buying opportunity that […]
USD/CAD Price Outlook: Key Resistance Holds Into The October Close
The Canadian Dollar has remained rather resilient in the face of US Dollar strength this week with USD/CAD holding below a key technical resistance confluence we’ve been tracking for months now. Here are the updated targets and invalidation levels that matter on the USD/CAD charts into the start of November trade. USD/CAD DAILY PRICE CHART Technical Outlook: Earlier this month we noted that USD/CAD was approaching a […]
Kellogg Q3 Earnings Miss Estimates
Kellogg (K – Free Report) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.93%. A quarter ago, it was expected that […]
