Category Archive: Finance, No picture
The Biggest Of Big Pictures
I have had a request from Mrs. Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An explanation of the big picture is also […]
USD/JPY Bull Trend Vulnerable To Swings In Risk Sentiment
USD/JPY bounces back from a fresh weekly-low (111.82), with benchmark equity indices reflecting a similar dynamic, but the exchange rate may continue to threaten the upward trend from earlier this year as it extends the series of lower highs from earlier this week. USD/JPY BULL TREND VULNERABLE TO SWING IN RISK SENTIMENT It seems as though […]
Why Does The Stock Market Rise And Fall?
Whenever the market falls people wonder why it’s happening. There are always lots of creative stories and they’re probably right to some degree, but the reality is that the stock market is like a mutating organism whose changing mutations have ever-changing causes. We don’t really know what causes it to change each time and we can’t necessarily […]
Chip Stocks See Worst Day In A Decade: ETFs In Focus
Once a hot and soaring corner of the broader technology sector, semiconductor is now stuck in the web of woes amid U.S.-China trade showdown and waning demand for memory chips. Now, a deluge of disappointing earnings from leading chipmakers and a sell-off in the broader markets have compounded the chaos. In fact, semiconductor stocks took […]
E The Bank Of Canada Is Way Too Optimistic In Its Outlook
Everyone likes to hear an optimist speak, yet optimism needs to be tempered with reality and that is what is missing in the Bank of Canada’s recent policy statement. The statement starts off with a simple bold assertion that “The global economic outlook remains solid. The US economy is especially robust”. Let’s examine those two […]
ECB Recap: Draghi Sticks To The Script, EUR/USD Bears Eye 16-Month Low Near 1.13
As my colleague Fawad Razaqzada noted earlier this morning, there was little reason for the European Central Bank to provide a boost to the euro and that the odds favored a slightly more dovish tone (see “Will ECB Drag EUR/USD Lower?” for more) …and that’s exactly what we’re seeing in the wake of the meeting. ECB President […]
An Explanation Of What An ETF Is And Why A Crypto ETF Matters
In recent years, there has been a major debate among the investment community on the difference between active and passive management. Inactive asset management, investors spend their time buying and selling financial securities while in passive management, they buy indices and ETFs. As a result of this debate, the ETF market has continued to grow. […]
EUR/USD Price Outlook: Euro Sell-Off Intensifies – Support In View
Euro broke below October opening-range yesterday and keeps the focus on a late-month low in the single currency. Today’s post-ECB decline is now approaching key support targets and puts the broader short-bias at risk into these levels. Here are the updated targets and invalidation levels that matter on the EUR/USD charts. EUR/USD DAILY PRICE CHART Technical Outlook: In last week’s EUR/USD Price […]
Weekly Unemployment Claims: Up 5K
Here is the opening statement from the Department of Labor: In the week ending October 20, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 5,000 from the previous week’s unrevised level of 210,000. The 4-week moving average was 211,750, unchanged from the previous week’s unrevised average of 211,750. [See full […]
Draghi Does Not Rock The Boat, EUR/USD At The Mercy Of Markets
The ECB’s Draghi drew a balanced picture of the economic situation. He was slightly more positive than negative, supporting the Euro. The next moves depend on Italy, stocks, and other events. The European Central Bank left its policy unchanged as broadly expected. ECB President Mario Draghi described risks as broadly balanced. He maintained his slightly […]
