Category Archive: Finance, No picture
USD/CAD Price Outlook: Dollar On Steady March Higher To Resistance
The US Dollar has rallied nearly 4% against the Canadian Dollar since the October lows with price now targeting key resistance objectives just higher. These are the updated targets and invalidation levels that matter on the USD/CAD charts heading into the close of the month. USD/CAD DAILY PRICE CHART Technical Outlook: USD/CAD broke above a key resistance pivot at 1.3130/55 early in the month with […]
Unmasking The VooDoo: Candlesticks
Anyone who is not familiar with technical analysis and charting might think – quite correctly – that technicians like three things – 1) the markets 2) jargon and 3) naming things after themselves. I cannot argue with any of that although I would add that there is a bit more to the naming thing. Technicians […]
FHFA House Price Index: House Prices Up 1.3% In Q3
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for September. Here is the opening of the report: Washington, D.C. – U.S. house prices rose 1.3 percent in the third quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.3 percent […]
S&P/Case-Shiller Home Price Index: “Annual Home Price Gains Slow”
With today’s release of the September S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.33% 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 […]
The Direction Is (Globally) Clear
It is definitely one period that they got wrong. Still, IHS Markit’s Composite PMI for the US economy has been one of the better forward-looking indicators around. Tying to real GDP, this blend of manufacturing and services sentiment has predicted the general economic trend in the United States pretty closely. The latter half of 2015 […]
Why We Sold Apple Stock
Our firm bought Apple (Nasdaq: AAPL) shares for clients’ portfolios in 2013, and we are used to being a contrarian voice when it comes to the stock (read here and here) – we loved it when it was hated. Now we are contrarian again – this time going against the company’s faithful. Here are key reasons why we sold […]
A Copper Price Forecast For 2019
The price of copper did not perform well this year, after being amazingly bullish a year ago. What is 2019 going to bring for the price of copper? This article features our copper price forecast for 2019. One very important remark before we look into our copper price forecast for 2019: copper is, similar to […]
VMWare Grows Through Acquisitions
According to a recent report published by Market Research Future, the global server virtualization market is estimated to grow 7% annually through to the year 2023. Another report published by Computer Profile last year pegs VMWare (NYSE: VMW) as the market leader with over 75% market share, with Microsoft at a distant second with 17% market share. VMWare […]
Can Traditional Retailers Battle Online Competition? 5 Picks
On Cyber Monday, retail stocks enjoyed solid gains thanks to strong online sales on Black Friday. Even as in-store traffic and footfall declined, online purchases enjoyed a strong improvement. Meanwhile, initial estimates indicate that Cyber Monday likely was the biggest online shopping day in U.S. history. However, traditional retailers have managed to remain relevant using […]
EUR/USD Moves In For Another Test At 1.1300 As USD Re-Claims 97.00
EURO BACK ON OFFER AS ITALIAN BUDGET OPTIMISM DISSIPATES A bit of optimism showed around the single currency yesterday as news began to spread that Italy was close to softening their deficit targets. This morning has seen that optimism turn towards confusion as a set of conflicting reports have indicated two totally different directions: One report earlier this morning […]
